If Equity.Guru had a wall of shame in our fine sea foam blue offices, Namaste would be on it, along with Wayland Group (WAYL.C), CEN Biotech (FITX), MedMen (MMEN.C), St Jean Carbon (SJL.V), Imagination Park (IP.C), Affinor Growers (AFI.C), Abattis Bioceuticals (ATT.C), CUV Ventures/RevoluGroup (REVO.V), and a host of others that we went to war against at one time or another.
Friday Roundup: Canopy Growth (WEED.T), Curaleaf Holdings (CURA.C), and Auxly Cannabis (XLY.C) prepare for cannabis 2.0
First up in cannabis 2.0 news, the Ontario Cannabis Store had a serious case of deja vu when it sold out of its new edible products approximately five hours after they went on sale online Thursday morning with all of the new products gone by 2 p.m.
So October 17th came and went and if you didn’t notice any new edibles (or beverages, etc) at your local dispensary, that’s by design. Back in June, we wrote a little story about cannabis edibles on the eve of Health Canada’s pontifications regarding the industry and how will be regulated. The first anniversary of legalization day inaugurated cannabis 2.0, in which cannabis companies could start sending their proposed formulations to regulator to given the official nod or denial. Accompanying this was a 60 day hold before companies could start putting products on shelves.
1933 Industries’ (TGIF.C) penned a two-year licensing agreement between their subsidiary Alternative Medicine Association (AMA) and Los Angeles-based The Pantry Company to produce edible products in Nevada.
Canopy Growth (WEED.T) received its operating and secure storage license from Health Canada for its 150,000 square foot beverage facility located at company headquarters in Smiths Falls, Ontario, in time for cannabis 2.0.
Naturally Splendid Enterprises (NSP.V) displays forward thinking with their plant-based energy bites
Naturally Splendid Enterprises (NSP.V) has made a smart choice by manufacturing plant-based energy bites for an international, sports nutrition and healthy lifestyle company.
Plus Products (PLUS.C) is a proponent of the hyper-specialization approach in a sector which, at least once upon a time, prided itself on vertical integration across a wide swathe of products.
The Tinley Beverage Company (TNY.C) has signed a distribution deal with Great North Distributors to spread Tinley’s cannabis beverages across Canada.
When legal cannabis came to the public markets, it was all about how much flower you could grow. Now the sector is evolving into a world of retail with edibles, oils and downstream products. What will the market be like when Cannabis 2.0 hits?
Vapen MJ Ventures (VAPN.C) entered into a partnership with Texoma Herb Company in Oklahoma to extract THC from cannabis today.
Supreme Cannabis (FIRE.T) is clearing the final hurdles with Health Canada to make marijuana extracts a reality north of the border, setting the stage for a major production boost in a sub-industry worth billions.
PLUS Products (PLUS.C) has obtained an option to purchase California-based cannabis oil manufacturer, Emerald Bay Wellness, for cash and stock considerations.