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Curved backpack producer reaches agreement on edible products
Newstrike Brands, the pot producer supported by members of The Tragically Hip, announced an agreement with Neal Brothers Brands to develop a joint venture to create edible products for the booming cannabis market . The two companies will collaborate on the development, marketing and sale of cannabis-based products for the Canadian market as products are expected to become legal in the country by October 2019. Newstrike will take a 19.9 % in Neal Brothers, which has become a favorite name. among Canadian gourmets for their healthy salsa and chip products.
Pot companies report their third quarter results
Origin House announced Wednesday third-quarter results showing that its revenue was up 89 percent from the previous quarter, while making four acquisitions that should allow the Toronto-based company to become a major player in the market. Cannabis retail trade in Canada. Origin House recently announced the signing of a contract for the acquisition of Canadian retailer 180 Smoke, which should instantly give it a head start on the sale of cannabis in Ontario and elsewhere in Canada. country. At the same time, American pot producer iAnthus Captial said that its badets had increased 344% year-on-year thanks to acquisitions in Florida and New York, as well as a culture and dispensaries in these states.
Does North Carolina plan to legalize cannabis?
In the wake of New Jersey's decision to legalize cannabis in the coming weeks, lawmakers in North Carolina are also considering legalizing marijuana. According to MyFox8, North Carolina State Representative Kelly Alexander will meet with other state legislators to lobby for cannabis reform. One approach that could work for the US state is to reflect its county-by-county approach to alcohol sales, where one region would legalize cannabis and others would not. Meanwhile, Michigan plans to legalize the pot next week. The state has a year to develop rules for a commercial marijuana industry and must accept the first applications for an operating license in December 2019.
DAILY BUZZ
7%
– According to a survey by Corporate Research Associates, the percentage of Halifax residents who reported having bought a legal pot since October 17
Cannabis Canada is a detailed series of BNN Bloomberg that explores the amazing formation of Canada's wholly new and controversial recreational marijuana industry. Read more about the special series here and subscribe to our Cannabis Canada newsletter to receive the latest marijuana news directly to your inbox.
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