TORONTO (Reuters)- Canada's biggest
licensed producer of medical marijuana has bought land next to its greenhouse production site that will allow it to more than double the total volume of cannabis it can grow, its chief executive said on Thursday.
Emerald Health Therapeutics through its wholly owned subsidiary — a Health Canada
Licensed Producer of medical cannabis — is authorized to produce and sell dried medical cannabis flower and medical cannabis oil.
Smiths Falls, Ont. - based Canopy Growth Corp., Canada's largest
licensed producer of cannabis, rose more than 20 per cent
CannTrust is a vertically integrated, international
licensed producer of medical cannabis soon to be recreational cannabis.
Launched in July 2013 to become
a licensed producer of medicinal cannabis for the Canadian market.
Licensed Producer of Life, Health, Property, and Casualty insurance.
Not exact matches
By April 2014, Health Canada will be getting out
of the pot business, opening up the market to
licensed producers and letting individuals buy it with only a doctor's note (they currently need Health Canada authorization).
(The need for branding expertise explains why Emblem Corp., another Canadian
licensed producer, recently poached the head
of ad agency KBS Canada to become its new CEO starting next year.)
Rosen is referring to the financial statements
of the country's publicly traded
licensed producers.
As
of August, some 9,448 clients had registered under the new system to order medical marijuana from the newly
licensed commercial
producers.
Federal Court Judge Michael Phelan ruled that forcing patients to buy marijuana through the mail from a
licensed producer was an «arbitrary and overbroad» violation
of patients» charter rights.
Shares
of Canada's biggest
licensed producer were up four per cent to $ 27.74 midday Wednesday on the Toronto Stock Exchange as the company also announced it was one
of six
licensed producers to sign a letter
of intent to supply the Quebec market.
However, analysts say patient numbers can be a murky metric because medical marijuana patients may register with more than one
licensed producer and as the overall number
of patients grows.
Provincial buyers are going to want to deal with
licensed producers that can supply large amount
of product at low prices.
On Wednesday, some details
of those arrangements finally came to light, when Reuters reported that the company has committed to buy or
license both short - form and longer - form video programming from a number
of players — including BuzzFeed, Vox Media, ATTN, and Group Nine Media, a New York - based outfit that owns short - form video
producer NowThis.
The federal legislation is expected to task Ottawa with
licensing producers and ensuring the safety
of the marijuana supply, in keeping with the recommendations
of a government - appointed task force.
Health Canada gave
licensed producers till January 12, 2015 to come into compliance with the advertising prohibitions, which all
of them did.
The government wanted to make sure that the information
licensed producers were providing the public would be limited to basic details for prospective clients, such as the brand name, proper or common name
of the strain, the price per gram, the cannabinoid content, and the company's contact information.
Canada's largest banks had largely steered clear
of the country's cannabis sector until January, when Bank
of Montreal co-led a $ 175 million bought deal financing for
licensed producer Canopy Growth.
Meanwhile, Canadian
licensed producer MedReleaf cancelled its Quebec launch
of its recreational brand San Rafael ’71 scheduled for Friday after Quebec government officials expressed concern.
Examples
of Lift's YouTube content included panel discussions on business and investing and patient reviews
of legal cannabis products from
licensed producers, he added.
Had the
producers at the CBC put the company's management in front
of the Dragons, they likely would have discovered De Palma and Co. were neither
licensed nor qualified to market and manage a portfolio
of real estate investments.
It will send a strong message to any
producer applying illegal pesticides that they will be caught and face significant penalties, including possible cancellation
of the
license.»
Effective Dec. 31, Dean will be stepping down from the position to become CEO
of licensed cannabis
producer Emblem.
Licensed marijuana
producers are in the midst
of expanding their capacity and there will be a «huge amount»
of excess cannabis if Canada delays legalization, Damas said.
The success
of the Canadian system
of Licensed Producers and mail - only distribution, as evidenced by the country's willingness to move on to adult - use legality, has prompted a new wave
of laws liberalizing access to medical cannabis.
Namaste's divestment from the U.S. is «also putting itself in the sights»
of other Canadian
licensed producers, Canaccord noted.
Retail sales, or any other type
of sales, by any organization other than those
licensed producers, are strictly prohibited.
New York residents: The
licensed producer represents the insurer for the purpose
of the sale.
That individual must fill that prescription with one
of the 34 cannabis
producers licensed by Health Canada, who will send the product by mail.
Its quarterly earnings were released as Canopy announced it was one
of six
licensed producers to sign a letter
of intent to supply the Quebec market.
As the only
licensed producer applicant in British Columbia's renowned «Golden Mile», our 290 - acre facility in the South Okanagan Valley is celebrated for its ideal climate conditions, honoring this region's tradition
of excellence and a family legacy that has grown here for more than 120 years.
The industry expanded from fewer than 10 publicly traded
licensed producers to 23, all contributing to a total
of 67.
Additionally, «the limited number
of initial
licenses creates a significant opportunity for those currently in production, which should initially act to insulate those
producers from excessive competitive forces and oversupply
of product, and provide those early entrants with a first mover advantage to grow their market share.»
KAMPALA, Uganda (AP)-- Uganda's government on Tuesday issued eight oil production
licenses to two foreign companies, moving the East African country closer to becoming a
producer of crude.
This lack
of cooperation is why pipelines (and oil
producers) don't have the «social
license» they need to move ahead.
Aurora, an Alberta - based
licensed cannabis
producer, has offered an all - stock deal
of up to $ 24 per share for CanniMed.
Victoria's Emerald Health Therapeutics Inc., a
licensed medical marijuana
producer, said Wednesday that an unnamed, «Canadian institutional accredited investor» had agreed to buy a $ 25 - million chunk
of the cannabis company through a prospectus and secondary sale.
While many aspects
of the new legal market involve coordination between levels
of government across the country, regulation and
licensing of producers to supply the recreational market is a federal responsibility administered by Health Canada.
It more than doubled the number
of licensed cannabis
producers in the second half
of 2017 for a current total
of 84.
While direct market information on revenue is not available, Health Canada reported based on discussion with some hemp
producers in Alberta, the sales price
of hemp seeds in 2011 was approximately $ 0.90 - $ 1.00; yielding 1,100 lbs / acre (500kg / acre) on 38,828
licensed acres.
It also follows Saskatchewan - based medical marijuana company CanniMed Therapeutics Inc. becoming the first
licensed producer to sign a deal with a national pharmacy chain when it signed a letter
of intent with PharmaChoice in March
of this year.
«Subject to Health Canada's approval
of Shoppers Drug Mart's application to be a
licensed producer, under the terms
of the agreement the Company will supply Shoppers Drug Mart with Aphria - branded medical cannabis products,» a release from Aphria said.
In Canada, only a small group
of licensed producers have a second
license to manufacture and sell oils.
Journalist, Emmy - winning television
producer and author Rory Kress loves her Wheaton terrier, Izzie, and originally thought nothing
of purchasing the USDA -
licensed pup at a pet store.
Thanks to Canada's medical marijuana program, the country's
licensed producers are already the most sophisticated manufacturers
of cannabis in the world, said Alan Gertner, co-founder
of Tokyo Smoke, a Toronto cafe chain that caters to pot smokers.
The poor, feeble and frequently humiliating results
of this
licensed activity are often referred to with contempt by the professional media
producers.
Earlier this year, Ledo, a
producer and distributor
of ice cream and frozen food, entered a partnership under
license with Beanstalk client Baileys, to develop the range
of Baileys topped ice cream.
It seems highly unlikely that many - if any -
producers or sellers
of CBD products have such a
license, despite it being highly probable that their products will contain trace amounts
of THC at the very least.
The one - stop - shop initiative is designed to give
producers a single point
of government contact for
licensing, regulatory, and incentives issues.