Search Results

Keywords: canada news

Health Canada recalls THC product mislabeled as CBD

Canadian health regulators have issued a recall of THC gel capsules that were incorrectly labeled as CBD. According to Health Canada, British Columbia cannabis producer Zenabis Global mislabeled one lot of its Namaste brand softgels. The labels indicate the product is “CBD Light gelcaps” containing 6.13 milligrams per capsule of CBD and 0.19 milligrams per […]

Read More

Canada marijuana titans flexing into US hemp industry

Flush with cash and looking for a toehold in the United States, Canadian marijuana companies are making big investments in hemp. Consider: Canopy Growth (NYSE: CGC), an Ontario marijuana producer that snagged an investment for 5 billion Canadian dollars ($3.8 billion) from a New York alcohol company, recently announced it is entering the U.S. hemp market. […]

Read More

Canada cannabis giant ups stake in Italian CBD manufacturer

A subsidiary of Canadian cannabis giant Canopy Growth is increasing its investment in an Italian hemp company. Canopy Rivers announced that it will spend 17.4 million Canadian dollars ($13 million) to increase its ownership in CanapaR Corp., the parent company of CanapaR SrL, a hemp-derived CBD manufacturer based in Sicily. The deal gives Canopy Rivers 49.9% […]

Read More

Walmart Canada ‘fact-finding’ on potential for CBD product sales

The world’s largest retailer, Walmart, is considering selling CBD products in Canada, a development that comes just days before recreational marijuana markets open in the country. But Walmart says it isn’t ready to start selling cannabidiol just yet. “As we would for any new industry, Walmart Canada has done some preliminary fact-finding on this issue,” […]

Read More

CBD import deals pick up in Canada ahead of new regulations

Canada’s cannabis industry isn’t waiting for looming regulatory changes that will permit companies to process domestically grown hemp flowers for CBD extraction. To capitalize on the current boom in cannabidiol products, Canadian companies are turning to imported CBD.

Read More

Canada hemp farmers blame overproduction for drooping prices

Hemp farmers in Canada say overproduction is depressing prices for seeds. The Canadian Hemp Trade Alliance told the Commodity News Service that Canadian seed prices have fallen from about 75 Canadian cents (58 cents) a pound last year to 55 Canadian cents a pound this year. Canada remains the world’s biggest hempseed producer, devoting about […]

Read More

Canada releases rules for cannabis packaging, ‘micro-cultivation’

When recreational marijuana hits store shelves in Canada later this summer, it will be sold in “plain packaging” that contains only a standardized cannabis symbol and one of 14 health warning messages, according to an updated set of proposals released Monday. The recommendations were part of a Health Canada report summarizing feedback from 3,200 people on […]

Read More

Flower power: Canada’s new hemp rules boost CBD production, but limits remain

Canada’s hemp market is about to skyrocket under new regulations that allow the nation’s farmers to use the plant’s flower for cannabidiol extraction. The proposal has farmers and cannabis companies scrambling to capitalize on the change. “This changes everything,” said Jenn Larry, president of CBD Strategy Group, a Montreal-based consulting firm for cannabis companies. “We’ve been growing hemp […]

Read More

Canada awaits hemp boom, with companies pivoting to capitalize on CBD

Excitement about hemp’s market potential is white-hot in Canada, where hemp production already overwhelms the United States and changing regulations could unleash a huge new market for CBD products. Company after company in Canada is gambling that the government will soon dramatically expand how the nation’s 120,000 acres of hemp can be used.

Read More

CBD and sports: Marketing to athletes becoming big business

CBD manufacturers looking for new market opportunities are making big investments in the sports nutrition market, signing up athlete endorsements and trying to capitalize on growing acceptance of cannabidiol’s anti-inflammatory properties among premier sports stars. From three-time PGA Tour champion Scott McCarron to former New England Patriots tight end Rob Gronkowski, athletes are being tapped […]

Read More