Canada: Market and legal data analysis of the cannabis sector

Wrigley's heir goes public with $1.9bn plan to 'transform US cannabis industry'

Written by Lorraine Mullaney | 9th March 2021

The heir to the Wrigley’s chewing gum fortune, Beau Wrigley, has entered into a deal he claims will accelerate the growth of his multi-state cannabis company, Parallel, and change the landscape of the US cannabis...

Hexo buys Zenabis 'for accelerated domestic and international growth'

Written by Lorraine Mullaney | 8th March 2021

Canadian cannabis brand Hexo has acquired medical and recreational cannabis producer Zenabis Global in a CAD 235m deal that will boost its cultivation capacity and secure a footprint in the European market ...

CBD health and wellness subcategory sees advances on a global scale

Written by Lorraine Mullaney | 5th February 2021

CBD firms are making further advances into the health and wellness subcategory of the market with new product launches, distribution deals, and clinical studies underway ...

Pyxus exits cannabis and cuts back on hemp to focus on tobacco and vapes

Written by Freddie Dawson | 28th January 2021

Pyxus International, a major supplier of products to the tobacco and vaping sectors, is to sell off its cannabis-related business while restructuring its industrial hemp and CBD operations ...

Financial investments suggest a mood of optimism around CBD and cannabis

Written by Lorraine Mullaney | 26th January 2021

Renewed interest in financing of CBD and cannabis businesses could signal that investors are starting to be positive again about the future after companies seemingly weathered the worst of the storm in 2020 ...

CBD drinks – 'a superior option for those traditionally alcohol-driven occasions'

Written by Lorraine Mullaney | 19th January 2021

Health and wellness appear to be the primary marketing position for new cannabinoid beverage launches ...

Canopy Growth in patent infringement lawsuit with GW Pharmaceuticals

Written by Freddie Dawson | 8th January 2021

Canopy Growth has sued GW Pharmaceuticals over patent infringement in a case that could have wider-spread consequences for the CBD industry ...

Tilray set on becoming the 'weed giant of the world' with Aphria merger

Written by Lorraine Mullaney | 29th December 2020

Canadian cannabis firms Aphria and Tilray have announced a merger that will create “the world’s largest weed company”, operating under the Tilray name ...

Watchdog warns phony 'research' claims risk undermining consumer confidence

Written by CannIntelligence | 8th December 2020

While solid research explaining the science behind CBD remains lacking as the market continues to grow, some bad actors in the industry are making false scientific claims for their products ...

Canadian public and industry back plan to free CBD from cannabis regulation

Written by Freddie Dawson | 1st December 2020

The results of Canada’s public consultation on health products containing cannabis have been released, showing strong support for allowing the sale of CBD outside the current cannabis restrictions ...

Thoughtful Brands pulls out of German psychedelics to focus on American CBD

Written by Lorraine Mullaney | 24th November 2020

Canadian cannabis and psychedelic medicine firm Thoughtful Brands has dissolved its German subsidiary Verrian to focus on its core business following the acquisition of Kentucky-based American CBD Extraction ...

Aurora closes overnight offering in continued attempts to raise funds

Written by CannIntelligence | 20th November 2020

Aurora Cannabis continues to raise money and issue shares, despite facing allegations of misleading statements in a class-action lawsuit filed by investors ...

The cannabinoid drinks market is getting crowded – but it still takes a lot of bottle

Written by Lorraine Mullaney | 19th November 2020

Current lack of success in Canada and unsupportive regulations in the US have not stopped cannabinoid companies from exploring the beverages sector ...

Troubled Aurora facing class-action lawsuit by 'misled' shareholders

Written by Lorraine Mullaney | 16th November 2020

A group of shareholders has filed a class-action lawsuit against Aurora Cannabis, alleging the company “made materially false and misleading statements” about its business, operational, and compliance policies ...

Canada or the US: which makes the better home for your CBD or cannabis business?

Written by CannIntelligence | 8th October 2020

Should CBD or cannabis companies invest in the US or Canada? There are pros and cons to each, and the same answer may not apply to everyone – or remain the same forever ...

'Fraud' action against Canopy Growth halted as plaintiff files for bankruptcy

Written by Lorraine Mullaney | 8th October 2020

A legal action against Canopy Growth has been halted now that Canadian cannabis cultivator PharmHouse has filed for bankruptcy protection from the Ontario Court while it restructures its business ...

Psychedelic substances for therapy? It's an idea whose time may be coming

Written by Lorraine Mullaney | 7th October 2020

Although still illegal in the US and Canada, psychedelic substances such as fungus-derived psilocybin are becoming increasingly acceptable, research suggests ...

Mushrooms may be good for you – and firms hope that can be good for them too

Written by Lorraine Mullaney | 6th October 2020

Commercial interest in mushrooms as active ingredients is on the rise – despite legal issues that severely curtail commercial opportunities ...

Researchers suggest CBD could work with terpenes in COVID-19 treatment

Written by CannIntelligence | 14th September 2020

Studies looking at the potential for CBD to treat or alleviate COVID-19 symptoms continue to progress – with one study hinting at promising results combining CBD with other terpene products ...

Pharma gets bigger with approval for new cannabinoid-based treatments

Written by Lorraine Mullaney | 3rd September 2020

The pharmaceutical side of the cannabinoid industry continues to grow, with several major announcements expanding treatments and blurring boundaries ...

Closures, bankruptcy and rescues – cannabinoid firms battle for survival

Written by Lorraine Mullaney | 2nd September 2020

The bankruptcy stories continue for cannabinoid firms in the US and Canada as businesses struggle to survive in turbulent times ...

Molson venture launches but ingestibles may be seeing less success

Written by Freddie Dawson | 28th August 2020

Molson Coors has made its long awaited entry into the cannabis market through the launch of its Truss brand of cannabis drinks made in partnership with cannabis company Hexo...

Canopy Growth takes stride into sports nutrition with NFL superstar tie-up

Written by Lorraine Mullaney | 19th August 2020

Canadian cannabinoid firm Canopy Growth has signed a multi-year deal with NFL quarterback Patrick Mahomes as part of its advance into the sports nutrition market ...

British Columbia allows online sales, but struggles with shortages

Written by Marija Obradovic | 7th August 2020

The provincial government amended Cannabis Licensing Regulation amendment to allow online and telephone sales of cannabis and CBD products under condition that an exchange of purchased product takes place at a point of sale ...

Ignite lost $50m in one year; auditors say survival now endangered

Written by CannIntelligence | 29th July 2020

Canadian CBD firm Ignite lost $67m CAD last year and it could go under if it doesn’t get funding soon, auditors warned in an annual report ...

Firms restructure and recapitalise as revenues continue to decline

Written by Lorraine Mullaney | 27th July 2020

As tough market conditions continue for cannabinoid firms in the US and Canada, struggling companies are continuing to pursue a range of survival strategies ...

Cuts, restructuring and bankruptcies as firms navigate troubled waters

Written by Lorraine Mullaney | 8th July 2020

Hard-hit cannabinoid firms in the US and Canada are reassessing their market strategies, restructuring, and downsizing – in some cases with significant job cuts – as the market remains volatile ...

Another cannabis firm in trouble as Beleave is granted creditor protection

Written by Lorraine Mullaney | 16th June 2020

Canadian grower Beleave has become the latest casualty of turbulent times in the cannabis industry ...

Why cannabis companies and others are switching track towards CBD

Written by Lorraine Mullaney | 9th June 2020

Excess production space, surplus of supply, legal restrictions – and now the coronavirus crisis – have been giving the global cannabis industry a tough ride and some businesses are setting their sights on hemp-derived CBD...

Brazil’s rule change is just what the doctor ordered for Canadian company

Written by Lorraine Mullaney | 5th June 2020

Countries in South America are becoming increasingly important markets for CBD, as the ink dries on a deal to distribute medical cannabis products in Brazil, where a change in regulatory policy has opened up trade...

Aurora looks to US market with $40m Reliva deal after selling off assets

Written by Lorraine Mullaney | 4th June 2020

Canadian cannabis firm Aurora has shifted focus to the US CBD market, a long-time goal of the company, with the $40m purchase of retailer Reliva ...

Green Growth Brands and CannTrust seek insolvency protection

Written by Freddie Dawson | 22nd May 2020

Volatility in the CBD sector continues with two major companies being granted protection by Canadian courts ...

Firm falls in line after Health Canada warning over COVID-19 claims for CBD

Written by CannIntelligence | 21st May 2020

A Canadian company part-owned by singer Bif Naked has run foul of Canada's national health authority after suggesting its CBD products can help protect users from COVID-19 ...

Figures from first socially distanced 4/20 reveal startling differences

Written by Freddie Dawson | 4th May 2020

Initial reports on the results of the first ever socially distanced 4/20 are a mixed bag ...

Canada seeks experts to advise on non-prescription cannabis health products

Written by Marija Obradovic | 23rd April 2020

A new national committee is to be set up in Canada to study all aspects of non-prescription cannabis health products, including CBD products ...

It’s not time yet to raise a glass to a major CBD drink – but it’s coming

Written by Freddie Dawson | 21st April 2020

Continued investment and a number of minor launches suggest a CBD beverage from one of the major drinks players in North America may not be far off ...

Can algae offer a high-tech, low-cost CBD source? Business news in brief

Written by CannIntelligence | 1st April 2020

Also: Drug mart deal for CBD on prescription; A little hemp in your tea, sir?; Celebrity cook denies endorsing CBD; Convenience store chain to sell CBD snacks; UK firm launches CBG hand cleanser; CBD products...

US firm gets approval to sell $3 seeds in Colombia: business news in brief

Written by CannIntelligence | 26th March 2020

Also: £500k funding for online retailer; Hollister picks magic mushroom researchers; KushCo scales back trading prediction; HempNova prepares to grow and process in Oregon ...

Charlotte’s Web moves to buy Abacus and become world’s biggest CBD firm

Written by CannIntelligence | 24th March 2020

Two of North America’s biggest CBD companies have announced plans for a merger to become what they claim will be the largest vertically integrated CBD firm in the world ...

Company launches CBD-infused hand sanitiser: business news in brief

Written by CannIntelligence | 20th March 2020

A company has launched a hand sanitiser infused with CBD, a US wellness brand is selling what it claims is the world’s first CBD blanket, and Dog-sledding champion Lance Mackey has admitted to giving his...

Ex-Canopy Growth leaders’ new $150m venture: business news in brief

Written by CannIntelligence | 11th March 2020

Two former bosses of cannabis giant Canopy Growth are teaming up with the head of the National Hemp Association (NHA) in a new company to help grow the hemp supply chain in the US. And...

Law firm leads call for joined-up hemp regulation between US states

Written by CannIntelligence | 5th March 2020

A coalition of organisations linked to the US hemp market has released the first part of a series of policy recommendations – while one CBD firm has been referred to the US Federal Trade Commission...

Would you like a dash of CBD with your burger? Business news in brief

Written by CannIntelligence | 5th March 2020

A Denver-based chain claims to be the first CBD burger franchise in the US, while a Japanese company says it can extract CBD from orange peel. These and other stories are in CBD-Intel's latest round-up...

PharmaCielo signs deal to move into German medical cannabis market

Written by CannIntelligence | 28th February 2020

A Colombian/Canadian cannabinoid company is rapidly expanding into the European Union with the announcement of two distribution deals ...

Toothpaste giant enters CBD market: business news in brief

Written by CannIntelligence | 26th February 2020

Toothpaste giant Colgate is entering the CBD market, researchers have created a laser scanner that can tell the difference between legal hemp and potentially illegal cannabis, and wrestling legend Kevin Nash has become the latest...

Actor refutes claims he endorsed CBD products: business news in brief

Written by CannIntelligence | 18th February 2020

Tom Hanks refutes false claims over endorsement of CBD products, research suggests cannabinoids benefit gene receptor diseases and CBD coffee is set to hit the market, plus more ...

Guitar legend to launch his own CBD range: business news in brief

Written by CannIntelligence | 30th January 2020

Guitar legend Carlos Santana is teaming up with a legal cannabis company to have his own branded range of CBD; a CBD firm plans to replant burnt Australian trees, and a French restaurant offers a...

Rugby league stars to promote CBD brand on kit: business news in brief

Written by CannIntelligence | 21st January 2020

CBD-Intel brings you news that a rugby league team will be the first senior outfit in its sport to promote a CBD brand on its kit, a qualification for hemp production is offered in Kentucky...

Compliance, advice and insurance all recommended to stave off legal risks

Written by CannIntelligence | 16th January 2020

Legal advice, insurance and compliance with consumer protection law could all help CBD companies minimise their exposure to what appears to be a rising tide of lawsuits and FDA warnings ...

US hemp farmers set up trade association: business news in brief

Written by CannIntelligence | 10th January 2020

CBD-Intel brings you news that hemp farmers in the US have set up their own trade association. a new CBD production line has been announced in China, and a German business is now taking orders...

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