Several local pot companies were signing significant deals that are expected to generate hundreds of jobs and collectively lead to millions of dollars in revenues.
Revenue totalled $21.7 million for the quarter ended Dec. 31, up from $9.8 million in the last three months of 2016.
Canadian cannabis firms seeing boons as recreational legalization expected this year
The estimated volume of cannabis consumed tended to increase over time from 1960 to 2015, due in part to the increase in consumption among adults
The Ottawa-area pot producer is the largest of its kind in the country and has e-commerce operations and grow sites in six other provinces.
Aphria is one of several voices advocating for pharmacies to be permitted to distribute medical cannabis.
CannaRoyalty is purchasing Kaya Management and Alta Supply, which manufacture and distribute marijuana vaporizer pens, chocolate and other products.
The agreement is a way to shed pot’s “stoner stigma” and give the industry more credibility among investors and some segments of the public, expert says.
All-stock deal is first full-scale acquisition for Cannabis Wheaton, which provides seed investment to marijuana producers in exchange for a cut of future production at a fixed price.
Canopy CEO Bruce Linton said the partnership marks the first major wine, beer and spirits producer to invest in legal cannabis and will lead to collaboration on cannabis-based drinks.