CannTrust Receives Second Non-Compliance Notice – LPC Weeks after Health Canada stopped cannabis sales from CannTrust’s Pelham, Ont. site, its Vaughn, Ont. has also been found to be “non-compliant with certain regulations.” CannTrust announced in a press release that it has been cited for inadequate security and improper cannabis storage procedures, among other things. The…

After Bumpy Months, Aphria First LP to Post Cannabis Profits, But Questions Linger – LPC Aphria Inc. announced cannabis profits of $15.8 million for Q4, making it the first licensed producer to post a profit. The company said that its revenues were helped by its purchase of Germany’s CC Pharma for $60 million earlier this…

Ontario Cannabis Retail Stores Average over 50K First Day – LPC Ontario cannabis retail stores opened on Monday with roaring sales of $50,913 on average the first day of opening. According to Cova Software, a cannabis retail software provider, seven out of 10 stores averaged 867 transactions with an average sale of $61.82. “Ontario was…

“We Don’t Need 100 Cannabis Companies,” Cannabis Industry Analyst Says BNN Bloomberg is reporting that cannabis industry analysts are predicting “shareholder activism” and consolidation of companies. These come in the wake of several reports of “inadequate” corporate governance practices within the cannabis industry. The sheer number of companies within the cannabis industry seems to indicate…

Aphria Stocks Tumble on Prominent Short Seller’s Report Quintessential Capital Management’s Gabriel Grego released a report on Aphria Inc. entitled “A Shell Game with a Cannabis Business on the Side” causing the stock to drop 27 per cent on Monday, December 3 to $7.60 per share. It dropped again Tuesday to close at $5.99 per…