It is currently Wed Jun 20, 2018 6:04 am
Change font size

  • Advertisement

*New MMAR Regulations*

by papapuff » Tue Oct 10, 2017 11:01 am

Canada NewsWire (press release)

Aurora Cannabis Announces $50 Million Bought Deal Financing

Aurora Cannabis Inc.


Post-Financing Cash Position in Excess of $175 Million
Fueling Continued Aggressive Global Expansion


VANCOUVER, Oct. 10, 2017 /CNW/ - Aurora Cannabis Inc. (the "Company" or "Aurora" or the "Issuer") (TSX: ACB) (OTCQX: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) announced today that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 16,700,000 units of the Company (the "Units"), at a price of $3.00 per Unit (the "Offering Price"), for aggregate gross proceeds to Aurora of $50,100,000 (the "Offering").

Each Unit will be comprised of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will be exercisable to acquire one common share (a "Warrant Share") for a period of 3 years following the closing date of the Offering at an exercise price of $4.00 per Warrant Share, subject to adjustment in certain events.

Aurora has also granted the Underwriters an option (the "Over-Allotment Option") to purchase up to 2,505,000 additional Units of the Company on the same terms as the Offering. If the Over-Allotment Option is exercised in full, the aggregate gross proceeds of the Offering will be $57,615,000.

Net proceeds from the Offering will be used primarily towards the Company's strategic growth initiatives including continued domestic and international expansion, and for general working capital purposes.

"This financing ensures that we have the financial horsepower we need to keep going at full throttle, and continue seizing and capitalizing on attractive growth opportunities in Canada and around the world," said Terry Booth, CEO. "With Aurora's excellent balance sheet and what we believe is the strongest cash position in the industry, we are ideally positioned to further accelerate our aggressive growth strategy, further expand production capacity, and enter multiple new international markets. Aurora will continue to push the pace, with agility, innovation and disciplined execution, and set the benchmark as a globally dominant cannabis company."

The Offering is in the form of a bought deal public offering (i) in each of the provinces of Canada (other than Quebec), (ii) in the United States only to Qualified Institutional Buyers (within the meaning of Rule 144A), and in each case in compliance with the securities laws of the applicable states of the United States, to investors that the Underwriters have reasonable grounds to believe and do believe are Qualified Institutional Buyers, and (iii) outside Canada and the United States on a basis which does not require the qualification or registration of any of the Common Shares, Warrants, Warrant Shares of the Issuer.

Closing of the Offering is expected to occur on or about November 2, 2017 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Aurora

Aurora's wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations ("ACMPR"). The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, known as "Aurora Mountain", is currently constructing a second 800,000 square foot production facility, known as "Aurora Sky", at the Edmonton International Airport, and has acquired, and is undertaking completion of a third 40,000 square foot production facility in Pointe-Claire, Quebec, on Montreal's West Island.

In addition, the Company holds approximately 9.6% of the issued shares (12.9% on a fully-diluted basis) in leading extraction technology company Radient Technologies Inc., based in Edmonton, and is in the process of completing an investment in Edmonton-based Hempco Food and Fiber for an ownership stake of up to 50.1%. Furthermore, Aurora is the cornerstone investor with a 19.9% stake in Cann Group Limited, the first Australian company licensed to conduct research on and cultivate medical cannabis. Aurora also owns Pedanios, a leading wholesale importer, exporter, and distributor of medical cannabis in the European Union, based in Germany. The Company offers further differentiation through its acquisition of BC Northern Lights Ltd. and Urban Cultivator Inc., industry leaders, respectively, in the production and sale of proprietary systems for the safe, efficient and high-yield indoor cultivation of cannabis, and in state-of-the-art indoor gardening appliances for the cultivation of organic microgreens, vegetables and herbs in home and professional kitchens. Aurora's common shares trade on the TSX under the symbol "ACB".

On behalf of the Board of Directors,

Terry Booth

This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements include, but are not limited to, the successful completion of the Offering and the use of proceeds of the Offering and the Company's intention to continue international and domestic expansion. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. A more complete discussion of the risks and uncertainties facing the Company appears in the Company's Annual Information Form and continuous disclosure filings, which are available at

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Aurora Cannabis Inc.

For further information: Cam Battley, Executive Vice President, +1.905.864.5525,,; Marc Lakmaaker, NATIONAL Equicom,, +1.416.848.1397
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC


by papapuff » Wed Oct 11, 2017 10:17 am

Greenhouse Canada

Joint venture cannabis project planned in B.C.

October 11, 2017
Written by Dave Harrison

Oct. 11, 2017, Smiths Falls, Ont. – British Columbia will soon be home to a 1.3-million-square-foot greenhouse cannabis operation.

Canopy Growth Corporation has entered into a definitive joint venture agreement to form a new company, BC Tweed Joint Venture Inc. together with a large-scale greenhouse operator to develop 1.3 million sq. ft. of greenhouse growing capacity in British Columbia with an exclusive option to develop a further 1.7 million sq. ft. of existing greenhouse infrastructure at a second B.C. location.

Applications have been submitted for both sites. Subject to Health Canada and other standard regulatory approvals, as well as a bit of luck, the company is hopeful that it will have product available from the joint venture as soon as July 1, 2018.

Under the terms of the agreement and subject to third-party approvals required by the partner, the joint venture has conditionally agreed to lease a 1.3 million sq. ft. (30-acre) greenhouse facility located on a 55-acre parcel of land from an affiliate of the partner, with an option to acquire the property.


The joint venture significantly supplements the company’s industry leading production portfolio and positions Canopy Growth with production and distribution facilities from coast to coast.

“The joint venture allows us to expand our operational footprint for greenhouse production while increasing our institutional knowledge of operating large scale greenhouses,” said Bruce Linton, chairman and CEO, Canopy Growth.

“Our cannabis expertise already operating the largest cannabis greenhouse in the sector combined with experience of our new partner’s extensive large-scale greenhouse production record, is great news for our customers and investors.”

Following the expansion announcement at the company’s existing Tweed Farms Inc. greenhouse facility in Niagara-on-the-Lake, Ont., this joint venture will increase the total pro-forma greenhouse production footprint at Canopy Growth operation to approximately 2.3 million sq. ft., with an exclusive option to bring that footprint to four million sq. ft.

The company has also announced indoor capacity expansion plans that will bring its total indoor production capacity to approximately 900,000 sq. ft.


The BC Tweed joint venture partner brings multi-generational knowledge of greenhouse operations and efficiencies having managed and operated over 5.8 million square feet of greenhouse infrastructure in various climates throughout North America over the past 30 years.

The partner is an experienced large scale, low cost, hydroponic greenhouse operator, with industry leading food safety, traceability and compliance expertise and a deep focus on sustainable production practices and efficiencies. The partner brings tier one assets and an operations team with over 200 years of combined growing experience.

This Joint Venture represents the sixth province with Canopy Growth operations.

The company is committed to building an international business with a strong national platform while supporting the local communities where it operates through job creation, meaningful stakeholder engagement, and local economic opportunity, highlighted most recently with the donation of over 3300 pounds of food and household goods across its sites to benefit local food banks in the lead up to Thanksgiving.
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC

by papapuff » Wed Oct 11, 2017 11:00 am

MetroNews Canada

Alberta waiting for feedback before following feds on removing pot plant height restrictions

Last week, a House of Commons health committee removed a proposed 100 centimetre height restriction on homegrown cannabis plants

By: Elizabeth Cameron Published on Wed Oct 11 2017

Green thumbs hoping to grow their own recreational pot won’t have to worry if their cannabis plants grow like weeds anymore, if the province takes its cue from the federal government.

Last week, a House of Commons health committee removed a proposed 100 centimetre height restriction on homegrown cannabis plants from Bill C-45, or the Cannabis Act.

Matt Durrant, owner of Edmonton-based Medigrow, a company that mentors medical cannabis patients already growing their own supply at home, said it was a welcome change.

“One hundred centimetres is a pretty small plant for a cannabis plant,” Durrant said. “It is a big deal for people trying to grow certain strains that are tall, lanky plants – some strains are just bigger plants by nature and people grow different strains for different ailments or preferences.”

Medigrow consulted with the province multiple times while it was drafting Alberta’s Cannabis Framework – expected to be finalized later this year – and is planning to expand to the recreational market if Bill C-45 is passed.

The framework follows the federal government’s lead in many areas, including a proposed four plant limit per household and the now-discarded height restriction.

A spokesperson for Justice Minister Kathleen Ganley said they're closely watching the bill as it works through the parliamentary process and wants to hear from the public.

“We will take any resulting changes into account as we work to finalize and implement the Alberta Cannabis Framework,” Veronica Jubinville told Metro, adding Albertans can provide feedback on the proposed provincial framework online until October 27.

Four healthy plants, no matter their height, could more than enough dried cannabis to supply a heavy cannabis smoker year-round, according to Durrant.

“With a four plant system, what you’re going to get is four crops per year and each harvest, you can expect between four to six ounces a plant of dried cannabis,” he explained. “Someone could very easily produce their own supply.”

Bill C-45 will now return to the House of Commons for third reading.

If it clears the House, it will move onto the Senate, which will conduct its own study of the legislation.
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC

by papapuff » Wed Oct 11, 2017 3:29 pm

Sarnia Observer

Tilray holding job fair for 25 workers in Petrolia on Oct. 17

By Tom Morrison, Postmedia Network
Wednesday, October 11, 2017

A medical marijuana growing and processing facility planned for Enniskillen Township is looking to hire more than 25 full-time workers.

And Lambton College Community Employment Services is holding a job fair for Tilray Canada Ltd., the company that owns the facility.

Available positions include production technicians, shipping technicians, maintenance workers, security staff and supervisors.

Potential employees are asked to bring a resume and be prepared to interview for the positions. The company wants “flexible, enthusiastic and motivated candidates to join their local team,” according to a news release on Wednesday.

The facility is located on LaSalle Line property with 13 acres of existing greenhouse space.

The job fair will be held Oct. 17 from 10 a.m. to 7 p.m. at Victoria Hall, located at 411 Greenfield St. in Petrolia.

British Columbia-based Tilray announced its intention in August to lease the greenhouse facility.

It also said it had applied to Health Canada for a licence to grow and process medical marijuana at the Lambton County location.

At the time, Tilray was telling officials with Enniskillen Township that it would be investing as much as $30 million in a cultivation and processing facility, and suggested that as many as 250 people could be eventually working at the site.

The greenhouse is currently used to grow peppers for the Enniskillen Pepper Company.

Tilray opened a facility in Nanaimo, B.C. in 2014 with the capacity to produce eight tonnes of medical marijuana each year.
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC

by papapuff » Wed Oct 11, 2017 3:35 pm

The Aurora

Nova Scotia’s first medical marijuana facility on target in Truro

Harry Sullivan
Published: Aug. 14, 2017

TRURO, N.S. - Construction on Nova Scotia’s first licensed medical marijuana production facility is expected to begin this month in the Truro Business Park.

“We’re ready to pour concrete up there now for the footings, the frost wall and the foundation,” said Evan Price, president of The Truro Herbal Co. (THC). “We’re ready and we can’t wait to get started.”

A contract has been awarded to Lindsay’s Construction of Dartmouth for development of a modern 20,000-sq.-ft., cannabis production facility.

Construction is expected to be complete by early 2018 and Price said he anticipates the first crop of medical marijuana will be available between February and March.

Following completion, a routine inspection by Health Canada is the final step in to the facility becoming the first licensed producer of medical marijuana in the province.

The project has already passed through various stages of approval and Price said he is confident of the “routine” aspect of he inspection, because after sending in 22,000 pages of detailed information on the facility to Health Canada, the agency only came back with four questions related to construction materials and security cameras.

The THC has also added to its current round of capital financing, Price said, raising to date $4.7 million in new cash and commitments since last December, including from prominent Nova Scotian entrepreneurs.

“These partnerships demonstrate confidence from the business community in our management team and market strategy as we head towards the legalization of recreational cannabis in 2018,” he said.

The overall project is expected to cost close to $10 million to get it to the operational stage. The first 15 investors in the project are primarily from within Truro.

“We’re continuing to look at partnerships,” he added.
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC

by papapuff » Fri Oct 13, 2017 2:42 pm

Toronto Star

Marijuana company to breathe new life into Cobourg’s former Kraft plant

A Whitby-based company is about to transform Cobourg’s former Kraft plant into a multi-million-square-foot medical marijuana facility that could create as many as 1,200 jobs in five years.

Fri., Oct. 13, 2017

Cobourg’s former Kraft plant is about to be transformed into a multi-million-square-foot medical marijuana facility that could generate as many as 1,200 jobs in five years.

FV Pharma Inc. secured a licence from Health Canada to legally grow medical marijuana on Friday, said founder and CEO Thomas Fairfull. The Whitby-based company wants to harvest its first crop, 4,000 kilos of marijuana, as early as February 2018. It aims to employ 150 people by the end of next year and “keep going as we add space,” said Fairfull.

FV Pharma intends to purchase the entire 15-acre property, now called the Cobourg Innovation Centre, and has a closing date set for December.

“I don’t like leasing, it sounds temporary,” Fairfull said, adding he’s here to stay.

“I got some investors involved, brought more money in and thought, ‘we will make this operation the biggest and best marijuana facility in the world.’”

The plan is a long time coming. FV Pharma has been leasing space in the former Kraft plant, 520 William St., for five years. It has 25,000 square feet ready for production and in the next year will expand by an additional 300,000.

In next five years, Fairfull envisions equipping the facility with four million square feet of growth space across five levels.

“The plan is to convert the whole facility into medical marijuana production,” he said.

Kraft Canada closed its Cobourg plant in 2008, cutting about 250 jobs. In 2009, the new owner converted the facility into a business park, with space for up to 15 businesses.

Currently, tenants occupy “a very small portion of the property,” but they will move out once their leases expire, Fairfull said.

Cobourg Mayor Gil Brocanier declined to comment on FV Pharma’s plans until the official announcement is made on Monday.

Fairfull was drawn to the property because of its location — right off Hwy. 401 and only 120 kilometres from downtown Toronto — and became interested in producing medical marijuana because of his personal experience managing the symptoms of his Type 2 diabetes.

He’d suffered negative side effects, including suicidal thoughts, when taking a prescription drug to help with neuropathy occurring in his feet, but experienced pain relief and no “ridiculous” side effects when ingesting medical marijuana.

“Medical marijuana can be lucrative, but it can also help a lot of people,” Fairfull said.

He wants to create a lecture hall in the facility to host presentations and conferences for the medical community to educate them on the health benefits of marijuana.

When the federal government legalizes marijuana for recreational use as early as July 2018, FV Pharma plans to produce “some” marijuana for that market, but concentrate most of its efforts on the medical side, said Fairfull.

FV Pharma is among 37 licensed Ontario medical marijuana producers. Ontario has the most out of all the provinces and territories, followed by B.C., which has 15.

Another Canadian cannabis producer, Aphria, is in the process of expanding its facility in Leamington to one million square feet worth of greenhouse space, tripling its production capacity.
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC

by papapuff » Mon Oct 16, 2017 10:38 am

Health Canada Approved CanniMed Medical Cannabis Capsules

BY GREENCAMP NEWS, October 16, 2017

Saskatchewan based CanniMed Therapeutics Inc. has been granted a license for medical cannabis capsules production by Health Canada, according to their press release from earlier this morning.

CanniMed is a Canadian-based biopharmaceutical company in the international medical cannabis industry, with over 15 years of experience in pharmaceutical cannabis cultivation.

They also have a state-of-the-art production process as well as a very active biotechnology research and product development program, which is to blame for the development of this capsule.

CanniMed has been working together with Health Canada for over 13 years in the effort of bringing cannabis closer to the regular folk, as well as pointing out its medical benefits.

This company was the first company ever to get a medical cannabis license from Health Canada, 13 years ago under the legal precursor to the current medicinal cannabis system.

In fact, CanniMed was the only supplier of medical cannabis over the course of those 13 years, producing regulated and safe-to-consume cannabis year in and year out without a single product recall.

CanniMed officials have said that they anticipate these capsules should be available for patient order by the end of this calendar year. It is safe to say that you can expect them on the shelves by early December.

The facilities in which CanniMed will be making these capsules are fully operational and able to produce up to 11,000 capsules per hour. This means that once the moment for product placement comes, CanniMed will immediately have a product in place.

Another important thing to note is that CanniMed capsules are completely vegan, meaning that they will be available to all those with certain dietary needs, such as vegans and vegetarians.

For more information visit :
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC

by papapuff » Mon Oct 16, 2017 10:43 am

Edmonton Sun

GrenEx licensed as first Edmonton cannabis company



After years of preparation, an Edmonton company has finally received a licence to start operating the city's first medical cannabis grow op.

GrenEx Pharms Inc. has spent about $4 million developing a 930-square-metre marijuana cultivation facility inside a former south Edmonton warehouse, but Health Canada only issued a licence Sept. 29 after initially approving the proposal in 2013.

"It's been sitting empty for two years almost completely built out … Health Canada doesn't want an oversupply, to prevent illicit activity, so they want production to meet demand," GrenEx chief executive John Simon says during a tour of the site.

"There's so many opportunities in this business for medical products, formulations, export, but they're not open to the company until you get that licence. We're in the club now, so I think we're OK with whatever it took to get here."

Alberta now has four of Canada's 64 licensed producers.

Simon, who has a background in pharmaceutical manufacturing, quality assurance and regulatory affairs, expects to produce 1,000 kilograms of dried bud a year once the plant is in full operation next spring.

That output could be worth $10 million annually, not bad for a company with a half-dozen employees owned by two Edmonton men Simon wouldn't identify.

He agrees it could be a profitable field.

"I hope it is. It's tough to get to this point. There are a lot of costs to remain compliant. We talk about the effort to get the licence and maintain the licence," he says.

"Marketing is another piece of this we will have to do something about."

He envisions filling a "craft cannabis" niche, growing pot at a pharmaceutical standard containing moderate levels of psychoactive THC to avoid adverse reactions among customers and possibly selling to other companies rather than the public.

They'll likely carry strains without the strong, distinctive marijuana odour.

"It doesn't have to be skunky weed. There's some stuff that smells like lemons, some nice fragrant stuff."

The low-profile facility — there isn't even a GrenEx sign outside — contains rooms with rows of aeroponic pots for propagating cuttings from mother plants, growing them and producing flowers to be dried and sold.

No dirt means fewer pests and less need for pesticides.

Lighting is crucial. While dim green bulbs illuminate some spaces so the omnipresent security cameras can keep an eye on the stock without starting growth, the bloom room is lit to trigger flowering with yellowish 1,000-watt metal halide lamps so bright the workers need sunglasses.

Elsewhere in the one-storey building, charcoal filters remove the bud bouquet and other aromas before air is vented outside.

The IT room has 3.2 petabytes, or roughly 3,200 terabytes, of data storage because the 24/7 security video must be saved for two years.

One hallway contains a vault large enough to hold $6.2-million worth of product.

Of course, people looking for a buzz will likely be a huge market once Canada legalizes recreational pot next July, but Simon also sees potential selling vaporizers and other devices, as well as exporting overseas — marijuana is allowed in several American states, but they can't import it.

He met with Alberta Gaming and Liquor Commission officials last week to discuss Alberta's planned retail system, which he hopes relies on private companies rather than government stores.

Although other firms are developing local growing facilities, Simon is happy his group received its licence before anyone else.

"We're from Edmonton. We live in Edmonton. Being first in Edmonton, there's a lot of pride in being able to do that," he says, adding their pioneering position probably won't provide much of a competitive advantage.

"With my colleagues, we can run around with our arms up and say 'We're the first."
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC

by papapuff » Mon Oct 16, 2017 10:57 am


October 16,2017

Cannabis Wheaton partners with unnamed convenience store to sell marijuana

Ian Vandaelle, Chase Producer, BNN

Cannabis Wheaton has inked a strategic alliance with an unnamed convenience store operator to distribute and sell marijuana.

The streaming company says the deal gives it the exclusive right to handle the sale and distribution of recreational cannabis at 350 convenience stores over the next 10 years. In return, Cannabis Wheaton will grant the convenience store operator warrants to buy up to 1 million shares in the company at a price of $1 each over five years.

Cannabis Wheaton Chief Executive Officer Chuck Rifici said the convenience store industry’s experience selling regulated products like tobacco makes for a good fit with marijuana retailers.

“Convenience stores offer un-paralleled access for consumers and are well equipped to deal with age-restricted products, a category which recreational cannabis will fall squarely into,” he said in a press release.

In spite of Rifici’s optimism, no province has yet outlined plans to allow the sale of marijuana through convenience stores, with Ontario applying a government-owned framework and Alberta continuing to evaluate its options.

Cannabis Wheaton was not immediately available for comment on the identity of the convenience store operator.
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC

by papapuff » Mon Oct 16, 2017 11:09 am

Loop Trinidad & Tobago

Second Canadian company begins exporting ganja oil to Cayman


A Canadian medical marijuana company announced on Tuesday that it had completed its first shipment of edible cannabis oil to the Cayman Islands.

This is the second time a Canadian based company has exported cannabis oil to the island; CanniMed Therapeutics was the first, reporting on May 3, 2017 that it had successfully exported 12,960 ml of ganja oil the Cayman Islands.

The use of cannabis oil for medical purposes was legalised in the Cayman Islands in 2016.

Peace Naturals Project Inc in release on Tuesday revealed that their product was purchased by Caribbean Medical Distributors, who work with a pharmacy service located in the Chrissie Tomlinson Memorial Hospital in George Town.

The cannabis company also offers medicinal cannabis (ganja) varieties, in addition to their two flagship edible cannabis oil products: Omega and Cerene.

How the ganja oil works

According to the company website, the product comes with 1ml eyedropper, once the dosage amount is measured it can be added to food or be consumed on its own.

A 30ml bottle of the company’s product retails for between $75- $99 CND, which is approximately, $49- $64 CI.

According to Peace Naturals’ website, their products are “are not designed to eliminate underlying medical conditions”.

Instead, Peace Naturals say their “mission is to make our clients’ lives a little bit better by making their symptoms more manageable.”

Earlier in 2017, Peace Naturals issued a voluntary recall of 74 lots of dried marijuana and cannabis oil, according to Health Canada, “two samples of leaves collected tested positive for piperonyl butoxide at low level concentration of 0.78 parts per million (ppm).”

Health Canada further revealed that it had only received one adverse reaction report related to Peace Naturals Project Inc.'s products sold affected by the recall.

Cronos Group, formerly known as Pharma Can Capital Corp, acquired Peace Naturals in late 2016.
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC

by papapuff » Mon Oct 16, 2017 12:35 pm

Castlegar News

Castlegar council will look at permitting marijuana facility

City council will be looking at allowing a medical marijuana production facility at Oct. 16 meeting.

BETSY KLINEMon Oct 16th, 2017

Castlegar city council will be looking at rezoning a portion of the airport reserve lands to allow for a medical marijuana production facility at the Monday, Oct. 16 council meeting.

The city has been approached by a developer interested in developing a Health Canada approved production facility at 195 Highway 3/3A and 169/179 Hughes Road.

According to the council agenda package for Oct. 16: “All applications to become a licensed producer of cannabis for medical purposes undergo a strict and thorough review. The newly licensed facilities will have to undertake all production, storage, and distribution of medical marijuana indoors, with the facilities meeting stringent security measures specified by Health Canada relating to the control of access to the facilities, control of access to restricted areas of the facilities, visual monitoring of the facilities and the perimeter of their sites, intrusion detection systems for the facilities and the perimeter of their sites.”

The subject properties are currently designated Regional Commercial AP. The rezoning would be consistent with the city’s Official Community Plan.

City water and sanitary are already available on the airport lands.

Council will potentially vote on the first two readings of the zoning amendment Monday night. If passed, the next step will be a public consultation meeting.
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC

by papapuff » Tue Oct 17, 2017 2:29 pm

Digital Journal

Hydropothecary Receives Expanded Cannabis Storage Licence

GATINEAU, QC--(Marketwired - October 17, 2017) - The Hydropothecary Corporation (TSX VENTURE: THCX) ("THCX" or the "Company") is pleased to announce that Health Canada has granted a licence amendment more than doubling its current licensed storage capacity. The Company's current licensed capacity has been increased from 4,380 kg to 9,380 kg.

The Company is also planning to construct additional vault space to meet the storage requirements anticipated as part of its 250,000 sq ft greenhouse expansion. With the expansion, the Company production capacity is expected to increase to 25,000 kg of dried cannabis per year.

On June 22, 2017, Hydropothecary was granted an unlimited licence to produce and sell as much medical marijuana, oils, plants or seeds, as it can store.

"This increase in our licensed storage capacity, when accompanied by our unlimited licence to produce and sell medical marijuana, puts us in a position to provide a consistent supply of high quality cannabis for both the medical and anticipated legal adult use markets," said Sebastien St-Louis, CEO and co-founder.

About The Hydropothecary Corporation

The Hydropothecary Corporation is an authorized licensed producer and distributor of medical cannabis licensed by Health Canada under the Access to Cannabis for Medical Purposes Regulations (Canada). Hydropothecary provides sun grown and rigorously tested medical cannabis of uncompromising quality. Hydropothecary's branding, cannabis product offering, patient service standards and product pricing are consistent with THCX's positioning as a premium brand for a legal source for medical cannabis within this new marketplace. In addition to medical cannabis production and sales, Hydropothecary explores various research and development opportunities for cannabinoid extracts, drugs and combinatory chemistry. In addition, the company is investigating the development and patenting of novel technologies related to medical cannabis, as well as the import and export of medical cannabis.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Media Contact Information
Julie Beun
Publicity and Media Relations

Investor Relations Contact Information
Jennifer Smith
Manager of Financial Reporting and Investor Relations
1-866-438-THCX (8429)

Adam Miron
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC

by papapuff » Mon Oct 23, 2017 12:27 pm

The Construction Index

23 Oct 2017

Australia to get million-square-foot cannabis greenhouse

A partnership of two Canadian businesses has announced plans to build a million-square-foot greenhouse for growing medical cannabis in Australia.

PUF Ventures has entered a partnership with MYM Nutraceuticals to build the production facility, called the Northern Rivers Project, in northern New South Wales. The developers aim to make the town of Casino the medical cannabis capital of Australia.

The construction of the facility will be completed in stages at an estimated total cost of CA$50m (£30m). The first phase of the project is to cover approximately 300,000 square feet, which upon completion will be the largest medical cannabis greenhouse in Australia. Based on current construction timelines, permitting and various Australian approvals, the first crop is expected to be planted in the fourth quarter of 2018.

"The Northern Rivers Project is the largest project of its kind in the southern hemisphere and we have been extremely pleased with the positive reception we have received form the Richmond Valley Council,” said Derek Ivany, president and CEO of PUF. “We expect to file the formal cultivation application with the Australian Office of Drug Control within two weeks and look forward to working with our commercial and governmental partners as we look to break ground on this historic project."

MYM chief executive Rob Gietl added: “Getting in on the ground level of a market as large as Australia represents a massive opportunity for MYM. Our experience in dealing with all levels of government will certainly pay off, as there are many similarities between the Weedon, Québec project and the Northern Rivers Project in New South Wales."

The Northern Rivers Project is a partnership with the Richmond Valley Council, the local government in New South Wales, and PUF Ventures Australia, a recently formed majority-owned subsidiary of PUF.

The one-million-square-foot greenhouse operation will include manufacturing, processing and office facilities for the cultivation, production and manufacture of medical cannabis and associated products.

The plant will have the capacity to produce 100,000kg of cannabis per year, worth between CC$800m and CC$1.1bn. The current market price for high quality medical cannabis in Australia is between CA$227 and CA$315 per ounce or CA$8,000 and CA$11,000 per kilogram.

The Northern Rivers Project includes a land purchase option agreement with the Richmond Valley Council for a 27ha parcel of land near the town. The council will provide the land for five years at no cost, with an option for Northern Rivers Project to purchase the parcel on favourable terms after the fifth year.

Australia has introduced progressive medical cannabis laws in the past few years, and is essentially where Canada was four years ago, said PUF. It said. “Assuming recreational cannabis becomes legal and, with a population of more than 24 million people, it is estimated that the cannabis market in Australia will grow to C$9 billion over the next seven years, making it a very attractive market.”

A partnership between a government and corporation partnering in a cannabis operation is familiar to MYM, as it is very similar to the first-of-its-kind Canadian partnership MYM formed with the city of Weedon earlier this year to build a 1.5-million-square-foot greenhouse facility in Weedon, Québec (link opens in new tab).
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC

by papapuff » Tue Oct 24, 2017 3:51 pm

Up Cannabis is the Tragically Hip's official medical cannabis partner

by Amanda Siebert on October 24th, 2017

In May, the Straight told readers about the Tragically Hip's venture into the world of medical marijuana.

Last week, just one day before the death of lead singer Gord Downie, the band let fans in on exactly which company it had decided to partner with.

"We're excited to announce Up Cannabis as the official brand of our medical marijuana partnership with Newstrike," reads a post on the band's blog.

Up Cannabis received its cultivation licence from Health Canada in December 2016 and is a division of Newstrike Resources Ltd., a Brantford, Ontario-based company that went public on June 1.

Newstrike has even integrated the word 'hip' into its market identifier code (TSX:V-HIP)

According to its website, members of the Tragically Hip are working with other stakeholders to rebrand the company.

In the band's initial announcement back in May, it called the the brand "a perfect fit for the Hip".

Up Cannabis is one of 67 federally licensed producers in Canada, and one of 38 in Ontario.
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC

by papapuff » Thu Oct 26, 2017 11:50 am

Truro Herbal Company gets Health Canada green light

Truro Herbal Company's Evan Price said they're a few months away from being the first medical marijuana production facility in Nova Scotia

by: Meghan Groff

Truro Herbal Company has been given permission from Health Canada to produce cannabis for medicinal purposes.

Evan Price, head of THC, said his company received word about a month ago that his company is no longer under review.

He told NEWS 95.7's The Sheldon MacLeod Show, this means his facility will be the first approved in the province.

"There's a few others that are in the running, certainly 2018 is going to be a busy year for the cannabis sector," he said. "We absolutely advocate that there needs to be a strong sector in Nova Scotia for cannabis producers."

Price said they've been looking at production rates across the country, and according to their math, Canada is currently only producing about 10 per cent of the expected national demand.

"The producers could collectively produce around 80,000 kilograms of dried cannabis, the national demand on recreational models is somewhere between 650,000 and a million kilograms," he explained.

He feels if there are shortfalls, it will lead to customers either being overcharged or forced to go without legal access to the product.

He said they're going through partnership discussions now to ensure they'll be able to meet the needs of Nova Scotians, with a broad base of products at an affordable price.

THC's production facility is still under construction, but Price said they should be a few months away from having a completed and licensed operation in Truro.
Posts: 11033
Joined: Thu May 29, 2008 11:19 pm
Location: Victoria BC


Return to News

  • Advertisement