Category: Canada
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What Can We Learn From CannTrust? A LOT
CannTrust Holdings Inc. (NYSE: CTST) had a really bad week. The New York Stock Exchange and the Toronto Stock Exchange stopped trading the security on the morning of March 31, 2020 when the company announced that it filed for bankruptcy protection and looks to be throwing in the towel as a public company. CannTrust may…
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Is Your Edible Brand Moving to Canada? What You Need to Know
Canadian demand for edibles is creating a shortage at retail stores. Ontario’s Cannabis Store processed 2,000 transactions within an hour of introducing 70 products and ran out of certain products shortly after. Canada’s new edible market is a bright spot for the industry, and Canada is a natural growth market for any US edible brand. What…
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Want to Avoid CannTrust’s Fate? Adopt These 5 Good Governance Practices
CannTrust Holdings announced yesterday that Health Canada is investigating compliance violations at its manufacturing facility in Vaughan, Ontario. The company’s board of directors has initiated an internal investigation to determine the root cause of the problem and to initiate remediation steps. Investor’s reacted negatively to this news causing the stock price to collapse. The company’s…
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CannTrust Shows Why Compliance Matters for Cannabis Industry
CannTrust Holdings Inc. stock dropped 48% after a news report by Bloomberg indicated that regulators found unlicensed grow rooms and provided them false and misleading information. Within five (5) days, the company lost over $174 million in market value. CannTrust may be the first, but it will not be the last, commercial cannabis business to…
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Summary: Quebec
The Government of Quebec Regulating cannabis in Québec (August 6, 2018)encadrementcannabis.gouv.qc.ca/en/loi/encadrement-du-cannabis-au-quebec/
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Summary: British Columbia
Liquor and Cannabis Regulation Branch Applications are open for prospective non-medical cannabis retailers (August 10, 2018)news.gov.bc.ca/releases/2018AG0065-001564 Non Medical Cannabis Retail Licensewww2.gov.bc.ca/gov/content/employment-business/business/liquor-regulation-licensing/cannabis-regulation
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Summary: Canada
Cannabis will be legal as of October 17, 2018www.justice.gc.ca/eng/cj-jp/cannabis/
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CANADA ISSUES ADVERTISING WARNING
Canada posted an informational bulletin for licensed producers discussing the restrictions on cannabis advertisements and the corresponding penalty for non-compliance. Canada’s Food and Drug Act (FDA) prohibits advertisements for food or drugs as a treatment or cure for certain diseases published by the government. In addition, labeling and advertisements must not produce a false impression…
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CANADA ISSUES IMPORT / EXPORT BULLETIN
Canada issued an informational bulletin on the import and export of marijuana by licensed producers. The bulletin indicates that licensed producers may import or export marijuana in very limited circumstances such as importing starting materials or exporting a unique strain for research purposes. Licensed producers will not be able to export cannabis to foreign markets…
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ONTARIO CANNABIS STORE PICKS SUPPLIERS
The Ontario Cannabis Store (OCS) has announced that it will be ready to open its online store doors on October 17 for home delivery. OCS entered into supply agreements with 26 licensed producers to provide cannabis products including the following companies. 7ACRES/The Supreme Cannabis Company AgMedica Bioscience Inc. Aphria Inc. Aurora Cannabis Enterprises Inc. Beleave…