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Cannabis News

Initial public offerings scheduled to debut next week

NEW YORK — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings. Week of March 22 ACV Auctions - Buffalo, N.Y., 16.
$2.3M in contraband cigarettes and cigars seized in Alberta

$2.3M in contraband cigarettes and cigars seized in Alberta

EDMONTON — Alberta Gaming, Liquor & Cannabis says two men have been charged after it seized $2.3 million in contraband cigarettes and cigars.
New Brunswick pulls plug on plans to privatize cannabis sales

New Brunswick pulls plug on plans to privatize cannabis sales

FREDERICTON — The New Brunswick government has decided not to privatize recreational cannabis sales.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (18,836.47, down 146.63 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 1.35 per cent, to 75 cents on 14.
S&P/TSX composite falls from record highs on rising bond yields after Fed comments

S&P/TSX composite falls from record highs on rising bond yields after Fed comments

TORONTO — Canada's main stock index pulled back from record highs on weakness in the energy and technology sectors amid rising bond yields.
Canadian cannabis companies cheer SAFE Banking Act reintroduction in U.S. House

Canadian cannabis companies cheer SAFE Banking Act reintroduction in U.S. House

WASHINGTON — Canadian cannabis companies are cheering the reintroduction of the SAFE Banking Act to the U.S. House of Representatives today.

Ten people from four criminal groups charged with drug, firearms trafficking

Ten people are facing more than 250 charges following an investigation into alleged firearms and drug trafficking in southwestern Ontario, provincial police said Thursday.
David Lobo named new interim CEO of OCS, will replace Thomas Haig this month

David Lobo named new interim CEO of OCS, will replace Thomas Haig this month

TORONTO — David Lobo has been named interim president and chief executive of Ontario's cannabis distributor. Lobo has been with the Ontario Cannabis Store since its inception and most recently served as its chief merchandising officer.
Hexo reports Q2 loss, revenue nearly doubled compared with year ago

Hexo reports Q2 loss, revenue nearly doubled compared with year ago

OTTAWA — Hexo Corp. reported a loss of $20.8 million in its latest quarter as its revenue nearly doubled compared with a year earlier. The cannabis company says its loss amounted to 17 cents per diluted share for the quarter ended Jan. 31.