Canadian Cannabis Sales See Small Increase In December

Health Canada has released their initial report for December cannabis retail sales in Canada. Total sales of dried cannabis in December increased by 4% compared to November. Total sales of cannabis oil increased by 2%.

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Canopy -Backed Cannabis Brand Company Slang Debuts on CSE

Slang (SLNG) owns a suite of brands including OpenVape. The company doesn’t plan to grow marijuana or open its own retail stores. Canopy growth has a warrant that allows it to acquire 32 million shares in Slang, or about 15 per cent of the company, contingent on the U.S. legalizing cannabis at the federal level.

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Harvest One debuts CBD Capsules online in Europe

Harvest One Cannabis Inc. has reformed their Satipharm CBD capsules and made them available online in Europe, with brick and mortar stores to follow and Canadian distribution in the future.

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Cannabis Industry Policy Priorities: 116th Session of Congress (2019-2020)
NCIA’s “Cannabis Industry Policy Priorities: 116th Session of Congress (2019-202)” focuses on how given the pace of change at the state level and the support for cannabis policy reform at the highest level of the federal government, it seems clear that we are at a critical juncture in the... Read more

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Despite Shortages, Canadian Cannabis Retailers Still Seeing Profits

CBC recently reported that the current Canadian cannabis shortage is expected to continue until 2022, according to one industry insider. Despite that fact, two retail cannabis chains have announced $10 Million in revenue since the October 17, 2018 legalization date.

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HEXO Corp. announces pricing of public offering of common shares

HEXO Corp. (TSX: HEXO; NYSE-A: HEXO) today announced the pricing of its underwritten public offering of common shares at a price of C$6.50 per share. The underwriters for the Offering have agreed to purchase 7,700,000 common shares from the Company for gross proceeds to the Company of C$50,050,000.

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