The Morning BluntVolume 4|Issue 7 December 7, 2018
Calgary Harald // 12.6.18
Supply shortages have stunted the revenue of some Canadian cannabis retailers like National Access Cannabis’ New Leaf, whose 18 retail locations only generated $3.95M in sales. When the moratorium on new cannabis licenses is lifted, National Access Cannabis hopes to open 75 stores across Alberta.
The Morning BluntVolume 4|Issue 6 December 6, 2018
Canadian NewsAtlas Growers Ltd. announced their plans to remain in the medical marijuana market rather than switch over to recreational cannabis sales in Edmonton, CA. Their CEO stated that the company has no intention of breaking promises they have made to their clientele of people who rely on the products they offer for medicinal benefits. The company also suspects that once the demand for recreational cannabis has evened out, following the recent legalization, their company will stand apart as one of the remaining businesses still dedicated to medical marijuana. Health Canada’s Cannabis Act allows for the tracking of all cannabis products moving throughout the country and the data collected will be published biweekly via a “cannabis stats hub” beginning January 25th.
The Morning BluntVolume 4|Issue 5 December 5, 2018
Canadian NewsFollowing a year of research, Atlas Growers, Alberta Canada, has expanded their Producer’s license to include business to business (B2B) sales of fresh and dried cannabis flower, cannabis seeds, live plants and cannabis extracts. In the upcoming weeks, Atlas plans to fill their 38,000 square foot facility and lab with over 450 cultivars of unique genetics. In the next year, the company hopes to expand operations to their 160-acre site, where their pending development permit would allow them to build a 1,000,000 square foot facility in Edmonton, Alberta. The Lift&Co 2018 Canadian Cannabis Awards wrapped up Thursday and CannTrust won first place as the top producer, as well as taking home awards for the best high-CBD oil, balanced oil, sativa flower, hybrid flower and high-CBD flower. Lift&Co named Toronto based MediPharm as the Top Cannabis Start-Up of the Year last week at the Canadian Cannabis Awards. MediPharm stands out in the Canadian market as the first and only company that focuses solely on the production and sale of extracted cannabis oil. Their narrow focus allows them to develop expertise and knowledge that they plan to capitalize on in the future. At MJBizCon last month, CEO of Sundial Growers, Torsten Kuenzlen spoke about how the quantity driven cannabis industry needs to take a step back to focus on quality. Kuenzlen says the key to longevity as a company in the rapidly growing industry is to look to the beer and wine industry as a model for success. Sundial Growers aims to provide an industry standard of professionalism and product quality to ensure a profitable industry in the future. Following a $1M loss due to unskilled staffing in their garden, Aphria Inc., Ontario, turned to the Seasonal Agricultural Workers Program which allowed 50 temporary employees to come from Guatemala and the Caribbean to work in the company’s facility. Aphria Inc. plans to bring up to 100 more employees to Ontario to help fill growing demand for workers in the cannabis industry. A rising number of Canadian Seniors have been experimenting with Medical Cannabis to treat a wide range of ailments. The Ontario Long Term Care Association is starting a six-month pilot program with 500 seniors in a number of different nursing facilities. Specialists in Cannabinoid therapy for seniors are tracking pain, anxiety and sleep changes based on medicinal cannabis use.
The Morning BluntVolume 4|Issue 3 December 3, 2018
The Morning BluntVolume 3|Issue 30 November 30, 2018
The Morning BluntVolume 3|Issue 29 November 29, 2018
The Morning BluntVolume 3|Issue 28 November 28, 2018
The Morning BluntVolume 3|Issue 27 November 27, 2018
The Morning BluntVolume 3|Issue 26 November 26, 2018
“The best way to predict the future is to create it.”
Canadian NewsRedeCan Issues Cannabis Recall at Ontario Cannabis Store Over Reports of Mold & Insects Ontario cannabis producer RedeCan Pharm is voluntarily recalling over 7,400 3.5-gram bottles of Redecan’s “BEC” strain, amounting to over 900 ounces of product recalled from the Ontario Cannabis Store after receiving customer complaints about mold and bugs found in their products. Indiva & Ruby Edibles to Manufacture Cannabis-Infused Sugar & Salt In the next year Health Canada will begin regulating the sale of edible cannabis products and concentrates, incentivizing companies to develop new consumables over the coming months. CEO of Indiva (OTCMKTS: NDVAF), Niel Marotta, a cannabis grower in London Ont., established a licensing agreement with Ruby Edibles to manufacture cannabis infused sugar and salt. New UBC Professor to Research Cannabis as Potential Treatment for Opioid Addiction In a $3M professorship, M. J. Milloy was named the inaugural Canopy Growth Professor of Cannabis Science at the University of British Columbia. Canopy Growth offered funding up to $2.5M while the BC government funded the additional $500K. The position will carry the branding of Canopy Growth however Milloy will remain at arms-length and independent from the company, according to officials at the university. Milloy’s focus will be conducting research on cannabis’ potential to treat substance abuse, especially opioid addiction. Lifetime US Entry Bans on the Rise After MJ BizCon A Canadian cannabis investor traveling to the Las Vegas for the MJ BizCon and to tour a cannabis facility received a lifetime entry ban to the US after disclosing his plans to US Customs and Boarder officials. At least 12 other Canadians en route to the same conference were detained for hours Manitoba Cannabis Retailers Receive 6% Tax for Social Costs Associated with Legalization Manitoba’s legal cannabis retailers will now pay a 6% levy to assist the province with the social costs of legalization including public education, safety, health, and addiction. The province announced last Thursday it will begin collecting the social responsibility fee in January
The Morning BluntVolume 3| Issue 16 November 16, 2018
“Don’t let yesterday take up too much of today.“