GFM Network News


As ‘Cannabis 2.0’ kicks off, industry strangled by limited retail outlets

Reuters — A year after Canada legalized use of recreational marijuana, cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride. So-called cannabis 2.0 — legalization of marijuana derivatives including edibles, beverages, extracts […] Read more

Vape product concerns weigh on cannabis companies

Toronto | Reuters — A U.S. recommendation that consumers avoid vaping products containing the active ingredient in marijuana ahead of their legalization in Canada next month could be a blow to Canadian cannabis companies’ hopes that the higher-margin products will help propel them to profitability. The U.S. Centers for Disease Control and Prevention (CDC) said […] Read more


Labatt to partner with Tilray to tap cannabis drink market

Toronto | Reuters — Anheuser-Busch InBev, the world’s largest brewer, and Canadian pot producer Tilray Inc. are partnering in a US$100 million joint venture to research cannabis-infused non-alcoholic drinks for the Canadian market, the companies said Wednesday. The alliance, the latest in a string of deals by global alcohol and tobacco giants in Canada’s cannabis […] Read more




Big Weed hits up Europe hoping for expansion cash

Toronto/London | Reuters — A favorite of DIY stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by ramping up efforts to woo European funds as countries across the region approve marijuana for medical use. For some time companies including Canopy Growth, Aurora Cannabis and Tilray Inc. have been signing export […] Read more


Ontario delays start date of retail cannabis sales

Toronto | Reuters — Ontario’s newly elected Tory government said Monday it will delay the start date of recreational marijuana sales in the province and will allow private retailers to sell cannabis rather than government-run stores. Ontario will allow private retailers to sell recreational marijuana starting on April 1, officials from the province’s Progressive Conservative […] Read more

Tim Hortons to enter China

Reuters — Canadian coffee-and-donut chain Tim Hortons will open 1,500 outlets in China over the next decade, capitalizing on a growing cafe culture in the world’s second-largest economy, the chain’s parent Restaurant Brands International said on Wednesday. Restaurant Brands shares rose almost three per cent after the company announced the Tim Hortons move into China […] Read more



Canada prepares for legal pot with new license class, labels

Toronto | Reuters –– Canada’s health regulator on Monday set out thresholds for a new class of cannabis cultivation and processing licenses, and outlined strict requirements for the packaging and labeling of recreational marijuana ahead of its legalization this year. The proposals were published in a document released by Health Canada, taking into account feedback […] Read more