This past week at StratCann, a few of our more popular stories were about the Victoria Cannabis Buyers Club receiving a $3.2 million fine from the BC government and an announcement from Organigram about new nanoemulsion technology.
Delta 9’s monitor posted a Notice of Sales and Investment Solicitation Process for Delta 9 Bio-Tech Inc., and Health Canada is seeking feedback on the PMRA’s new proposed approach for pesticide use for cannabis and hemp.
Meanwhile, cannabis sales rebounded in April/May following post-holiday declines.
In financial news, SNDL released its Q2 2024 results, Christina Lake Cannabis shared its Q1, Q2 2024, Aurora Cannabis shared its Q1 2025, Cronos shared its Q2 2024, Village Farms shared its Q2 2024, and Canopy shared its Q1 2025.
In law enforcement news, the CBSA seized 32 kg of cannabis at Toronto Pearson International Airport, while inspectors in New Brunswick seized more cannabis under new inspection powers.
In other cannabis news in Canada…
The Alcohol and Gaming Commission of Ontario (AGCO) Board of Directors has approved a new retail training program in Ontario from Cannabis Training Canada Inc., providing an alternative to CannSell.
Health Canada shared some updates to the Cannabis licensing application web pages, including the reduction in the submission requirements for physical security measures, examples of scenarios where an applicant might choose to self-identify as Indigenous affiliated, new content to support descriptions of virtual witnessing of the destruction of cannabis in submission packages, and new content to clarify submission requirements when a Quality Assurance Person works remotely.
High Tide announced that its Cabana Club loyalty program has surpassed 1.5 million members across Canada. The company also announced the closing of $15 million in subordinated debt facility. The debentures will mature on July 31, 2029, and bear interest at a fixed rate of 12% per annum on drawn amounts, payable quarterly.
The transition from the illicit cannabis market to the legal market has occurred more quickly than initially expected in Quebec, says Marie-Claude Lacasse, communications director for Québec’s Ministry of Health and Social Services.
Indigenous supporters of My Legacy cannabis dispensary recently engaged city officials at the launch of Market at 70 King in downtown Oshawa and secured a meeting with Oshawa Mayor Dan Carter.
Owen Sound Police Service responded to a break-in call at a cannabis store on August 2 at 3:20 a.m. Police arrested two youths nearby.
Patrick Lee Warnecke, the owner of an unlicensed cannabis store who had charges against him stayed earlier this year, says he plans to re-open his Best Buds Society store in some capacity.
A Calgary father and son are facing charges after police seized more than $100,000 in illegal drugs during a search in the city’s southwest last month, including more than 4 kg of cannabis.
International cannabis…
Using cannabis daily for years may raise the overall risk of head and neck cancers by 3.5% to 5%, according to a new study from the US that analyzed millions of medical records.
National Geographic takes on the Indica/Sativa myth, which includes comments from Sean Myles, an associate professor of agriculture at Nova Scotia’s Dalhousie University.
The first human clinical trial to test how cannabigerol (CBG) impacts anxiety and stress has turned up encouraging results among 34 healthy users.
Demecan Group, one of Germany’s largest cannabis producers, recently completed its latest round of funding, bringing its valuation close to 100 million euros. The funding round was led by Florida-based Trog Hawley Capital, marking the first institutional investment by a U.S.-based investor in Demecan, reports Reuters.
There have been more than 20 applications now submitted for cannabis cultivation for personal use associations in Lower Saxony, a state in northwest Germany. Eight have already been approved, and eight have been rejected.
Disgruntled investors have filed a $5 million class action lawsuit against High Times.
Revenue officers in Ireland reported discovering 39 kg of cannabis resin and 11.8 kg of cannabis flower in several shipments originating from the USA, the United Kingdom, India, Canada, Spain, Thailand, Sweden, and New Zealand.
And finally, a Canadian man was indicted on Aug. 1 for smuggling about 20 kg of cannabis into Taiwan for a drug cartel. The man flew from Vancouver with two checked suitcases of cannabis supplied by another man who, court records show, booked the flight and accommodation.
