This week at StratCann, we took an in-depth look at the CCAA process and concerns that some companies are taking advantage of it to avoid creditors.
We also looked at a new cannabis industry organization hoping to establish better standards for testing; the expansion of Community Savings and We Can Capital’s factoring program; and the new cannabis training program from CTC.
Peace Naturals recalled some infused pre-rolls and CBD extract from Ontario, while High Tide announced the launch of Queen of Bud branded products through Canna Cabana. The Northwest Territory Liquor and Cannabis Commission awarded a contract to build a new cannabis distribution warehouse.
In Canadian law enforcement news, four arrests were announced in connection with cannabis store break-ins in Toronto and Durham Region. RCMP in Nova Scotia seized cannabis products and arrested two in Mount Uniacke. Hay River RCMP in NWT seized 40 cannabis plants and arrested a 70-year-old man. The BC government wants to seize $5.6 million worth of properties connected to cannabis operations, law enforcement from QC and NB seized hundreds of kg of cannabis, and RCMP seized 600 kg of cannabis in Manitoba traffic stop.
In other Cannabis news…
Aurora Cannabis Inc. and Vectura Fertin Pharma, Inc. announced the launch of the newly developed Luo CBD lozenge. The CBD lozenge is being manufactured, packaged, and labelled by Cogent, a Vectura Fertin Pharma subsidiary, and distributed by Aurora through its medical cannabis platform. Council in Milton, ON, approved the extension of a bylaw that permits the continued operation of the Trichome Hills Corporation for another three years. Trichome Hill is a cannabis nursery and research licence holder first received its licence to operate in 2021.
The NWT Liquor and Cannabis Commission (NTLCC) has selected Buffalo Parcel Courier Services to build a new cannabis warehouse, reports NNSL Media. The territory’s current staging area for cannabis distribution has been temporary. The new space is expected to cost about $300,000 to build. Cannabis is currently sold in two liquor stores across the Northwest Territories under contract with the NTLCC, four private stores, and one private online store.
Some 40 workers at five ‘The Joint’ locations in Saskatoon voted to join UFCW Canada Local 1400.
Canadian Accountant writes that the prosecution of BF Borgers and its principal by the Chartered Professional Accountants of Ontario closes another chapter in the Canadian cannabis story.
Decibel Cannabis says it is refocusing on its dried flower consumer, along with a reorganization of dried flower processing across its facilities as it says demand is outpacing its current supply. Much of this will be for export to the UK, Israel, Australia, and Germany.
HYTN Innovations Inc. announced the establishment of international manufacturing and pricing agreements with the UK’s 4C LABS. These agreements aim to enable the production of cannabis products in bulk and final packaged forms for distribution in the UK and other global markets.
The Canadian cannabis industry surpasses the US in greenhouse gas emissions, attributed to colder climates that necessitate heating, says a recently published research paper.
Vancouver is Awesome ran a promotional piece on BC’s retail chain Inspired Cannabis.
Cannabis agriculture is experiencing a revolution brought on by genetic research, propelling a new era in the cultivation and production of this globally sought-after crop, reports Earth.com.
International cannabis news
Japan will criminalize cannabis use and legalize medical products using substances derived from the plant under revised relevant laws, both effective on December 12, according to the country’s health ministry. The possession and cultivation of cannabis are already banned in Japan. The new law will also prohibit its use, with a prison sentence of up to seven years.
A new study found that cannabis use in the US has been increasing but not among teenagers.
SFGate reports that a former senior official with California’s Department of Cannabis Control is accusing the agency of retaliating against her after she repeatedly warned her superiors about corruption and toxic products being sold in the legal cannabis market.
Product Earth, the UK’s largest cannabis expo, cancelled the second day of the event, citing issues with the venue. Reports say the issue was related to concerns from venue staff with indoor consumption.
And finally, for the first time, the Israeli Ministry of Health will begin regular sample tests for medical cannabis products in Israel; the move comes against the background of the transfer of responsibility for tests to the companies themselves, the reduction of the permitted ranges of active substances, and previous lawsuits on the subject.
