Company Files International Patent for Mentabinol – LPC CanaQuest Medical Corp. announced expansion plans into the global medical cannabis market. Chairman and co-founder Paul Ramsay said it now has Health Canada sales, export, and import licences lined up. Its medical sales licence is through its subsidiary company, ADC BioMedical Corp. “We can expand globally very…

Positive Indications on Both Sides of the Border Send Stocks Upwards – LPC It seems that Ontario may finally do away with the lottery licence system. Many licensed producers (LPs), analysts, and policy groups have blamed cannabis retail roadblocks for disappointing cannabis sales. Ontario in particular has been blamed – a province with just 24…

Freedom Cannabis Builds Canada’s Largest Rooftop Solar Panel Array – LPC Can “green cannabis” cultivation become a reality? Edmonton’s Freedom Cannabis is taking a step in the right direction. It recently unveiled a mega solar project to help reduce greenhouse gas (GHG) emissions – and reduce its energy costs. The panels were built and installed by…

Small but Lucrative Operations Can Help Locals and Companies Alike – LPC We’ve heard about Lesotho cannabis opportunities in passing before. Supreme Cannabis has its Medigrow Lesotho brand. Canopy Growth invested approximately $29 million to buy Daddy Cann Lesotho in May 2018. That same month, Aphria partnered with South Africa-based Verve Dynamics, which has a…

Is the Industry Headed for Oversupply? – LPC Last week Aphria received its cultivation licence for its Aphria Diamond facility, which doubles cannabis production for the company. The new greenhouse adds 1.3 million square feet of production space amounting to a 140,000-kilogram increase in annual capacity. The faciity is also in Leamington, Ontario. Aphria owns 51…

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…