GFM Network News


Cannabis patients boost Aurora edible sales

Reading Time: 2 minutes Toronto | Reuters — Aurora Cannabis this week became the first major Canadian company to sell edibles and vapes for medical use, a small base that nevertheless helps shore up margins and paves the way for sales in the much larger European medical market. Medical marijuana has been legal in Canada since 2001, and recreational […] Read more

Pot producer Canopy Growth to stop expanding in Canada

Reading Time: 2 minutes Reuters — Canopy Growth Corp. on Thursday reported a wider-than-expected quarterly loss on soaring expenses and said it would not make any large investments to expand in Canada amid surplus supply and tepid demand for weed and weed products. The decision to hold expansion plans follows a wave of enthusiastic spending by marijuana companies to […] Read more


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

Reading Time: 3 minutes 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

Reading Time: 3 minutes 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

Pot producer CannTrust’s federal license suspended

Reading Time: < 1 minute Reuters — Troubled Canadian pot grower CannTrust Holdings said Tuesday its license to produce and sell cannabis has been suspended by Health Canada. CannTrust had delayed its second-quarter results last month awaiting a decision from Canada’s health regulator on a large amount of inventory put on hold after discovery of illegal cultivation by the company. […] Read more


Cannabis firm Tilray sees growth slowing

Reading Time: 2 minutes Reuters — Pot producer Tilray Inc. reported a wider-than-expected quarterly loss on Tuesday, as it ramped up investments to boost production and warned of muted growth in the Canadian recreational marijuana market for the second half of the year. Shares of the Nanaimo, B.C.-based company fell eight per cent after hours. Canada in October became […] Read more

Ontario’s slow rollout of weed outlets could help black market

Reading Time: 2 minutes Toronto | Reuters — Ontario has blamed a shortage of legal cannabis from the federal government for its slow rollout of retail outlets, a claim dismissed by the federal government and regulatory bodies from other provinces, raising prospects the black market for weed may thrive longer in Canada’s most populous province. Canada became the first […] Read more


Canopy Growth Q4 revenue beats as cannabis sales soar

Reading Time: < 1 minute Reuters — Pot producer Canopy Growth reported better-than-expected quarterly revenue on Thursday, as efforts to strengthen its retail operations paid off and increased production capacity resulted in higher sales following Canada’s legalization of recreational cannabis. Marijuana companies in Canada have been pouring cash into their businesses to open stores and expand operations as the list […] Read more

Cannabis tax revenue below projections in early months

Reading Time: < 1 minute Ottawa | Reuters — Canada’s federal and provincial governments earned $186 million in tax revenues from direct sales of cannabis in the first 5-1/2 months of legalization, Statistics Canada data showed on Wednesday, after two major provinces cut their revenue forecasts. Statistics Canada found Ottawa collected a combined $55 million in revenue via federal excise […] Read more