Posted by AGORACOM-JC
at 1:37 PM on Tuesday, March 12th, 2019
NORTHBUD (NBUD:CSE) is already a late stage applicant at the
“Confirmation of Readiness” stage for 25,000 square feet of indoor and
500,000 square feet of outdoor growing space, for the sole purpose of
growing GMP pharma-grade cultivation and food-grade extracted inputs.
But Ryan Brown didn’t get this far in the cannabis space by sitting
still … and he has made one hell of a great deal with the $20 MILLION
acquisition of Eureka Vapor, a multi-state licensed operator in the
USA. The acquisition is subject to typical closing and due diligence
but Ryan has a close relationship with the CEO and is confident it will
close.
If and when it does close, Eureka will bring about $11.5 million in
revenue at a 16% profit margin, which will be immediately accretive to
the bottom line of NORTHBUD. Accretive is actually an understatement.
I also love this acquisition because of its’ terms, which shows the
confidence that both sides have in each other. For example, the Eureka
team can earn an extra $25 million if they hit certain milestones. That
says a lot about how Eureka may grown once it is a part of NORTHBUD.
On the flipside, the Eureka group only gets 10% of their shares on
closing, with the rest dripped out over the next 24 months. That says a
lot about the confidence Eureka has in NORTHBUD.
Find out more about NORTHBUD and this great deal in this interview
with Ryan, who has already made a name for himself and is now on his way
to growing that success, pun intended.
Posted by AGORACOM-JC
at 1:53 PM on Monday, March 4th, 2019
WHY NORTHBUD FARMS?
Canadian regulatory door for CIP (Cannabinoid Infused Products) is opening this year As shown in other legal jurisdictions (Colorado, Washington, Nevada, California)
Infused products sector has become the highest margin segment of the industry
Positioned to be a raw input producer for this space
Currently working with multiple food,
beverage and science companies to provide safe standardized cannabinoid
infused raw inputs for large scale GMP manufacturing of products
Announced Creation of “1017†Distribution and Signing of a LOI to Acquire Janey’s Cannabis Line
THE OPPORTUNITY
Acquired late stage ACMPR applicant GrowPros MMP from Tetra Bio-Pharma (TSXV: TBP)
GrowPros MMP application was submitted in November 2014 and is currently in the ‘Confirmation of Readiness’ stage.
Announced the amendment of its licence application to add 500K SQ. FT. of outdoor cultivation area
Posted by AGORACOM-JC
at 8:57 AM on Monday, March 4th, 2019
Company have been approved for and will commence trading on the OTCQB venture marketplace, operated by OTC Markets Group, under the ticker symbol NOBDF.
The Company also announced its strategy to create greater opportunity for its shareholders and attract new U.S. retail and institutional investors by providing transparency via this listing.
TORONTO, March 04, 2019 — North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) (“NORTHBUD” or the “Company”) today announced that effective today, shares of the Company have been approved for and will commence trading on the OTCQB venture marketplace, operated by OTC Markets Group, under the ticker symbol NOBDF. The Company also announced its strategy to create greater opportunity for its shareholders and attract new U.S. retail and institutional investors by providing transparency via this listing.
“We are extremely pleased to announce our listing to the OTCQB
Venture Marketplace,” said Ryan Brown, CEO of North Bud Farms Inc.
“NORTHBUD is committed to the high level of financial and corporate
disclosure that is required for this listing category which further
demonstrates significant improvement in how we are categorized in the
public markets. This move represents our expansion in growing our U.S.
investor shareholder base as we believe that trading on the OTCQB will
enhance trading liquidity and continue to increase market adoption of
our business model, thereby enhancing shareholder value.â€
The OTCQB is considered by the SEC as an established public market
for the purpose of determining the public market price when registering
securities for resale with the SEC. The OTCQB dramatically increases
transparency, reporting standards, management certification and
compliance requirements, the majority of broker dealers trade stocks on
the OTCQB. Historically this has resulted in greater liquidity and
awareness for companies that reach the OTCQB tier.
McMillan LLP serves as NORTHBUD’s OTCQB advisor, responsible for
providing professional guidance on OTCQB requirements and U.S.
securities laws. U.S. investors can find current financial disclosure
and quotes for the company on www.otcmarkets.com.
About North Bud Farms Inc. North Bud Farms Inc., through its wholly owned subsidiary GrowPros MMP Inc. which was acquired in February 2018, is pursuing a licence under The Cannabis Act. North Bud Farms Inc. is constructing a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Quebec. North Bud Farms Inc. will be focused on Pharmaceutical and Food Grade cannabinoid production in preparation for the legalization of edibles and ingestible products scheduled for October 2019.
Neither the Canadian Securities Exchange (the “CSEâ€) nor its
Regulation Services Provider (as that term is defined in the policies of
the CSE) accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking statements Certain statements
included in this press release constitute forward-looking information or
statements (collectively, “forward-looking statementsâ€), including
those identified by the expressions “anticipateâ€, “believeâ€, “planâ€,
“estimateâ€, “expectâ€, “intendâ€, “mayâ€, “should†and similar expressions
to the extent they relate to the Company or its management. The
forward-looking statements are not historical facts but reflect current
expectations regarding future results or events. This press release
contains forward- looking statements. These forward-looking statements
are based on current expectations and various estimates, factors and
assumptions and involve known and unknown risks, uncertainties and other
factors. Such risks and uncertainties include, among others, the risk
factors included in North Bud Farms Inc.’s final long form prospectus
dated August 21, 2018 which is available under the issuer’s SEDAR
profile at www.sedar.com.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT: North Bud Farms Inc. Edward Miller VP, IR & Communications Office: (855) 628-3420 ext. 3 [email protected]
Tags: Hemp, Marijuana, MMJ, stocks Posted in All Recent Posts | Comments Off on North Bud Farms $NBUD.ca Upgrades to OTCQB to Engage and Expand U.S. Investor Audience $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca
Posted by AGORACOM-JC
at 3:46 PM on Friday, March 1st, 2019
SPONSOR: Bougainville
Ventures Inc (CSE: BOG) Converting irrigated farmland to
greenhouse-equipped farmland. Bougainville does not “touch the plantâ€
and only provides agricultural infrastructure as a landlord for
licensed marijuana growers. Click here for more info.
BOG:CSE —————————————
Why The Cannabis Sector Has More Room to Run
Positive developments are palpable in the marijuana industry.
Be it acquisitions, expansion into industries like food, beverage, tobacco and cosmetics or legalization, things are increasingly falling into place for marijuana.
From Sanghamitra Saha: Positive developments are palpable in the marijuana industry. Be it acquisitions, expansion into industries like food, beverage, tobacco and cosmetics or legalization, things are increasingly falling into place for marijuana. ETFMG Alternative Harvest ETF (MJ – Free Report) is up 48.7% this year and appears to have more room to run.
Will FDA Regulate CBD in April?
There is growing demand for uses of CBD, a non-psychoactive
ingredient in cannabis, in food, drinks and cosmetics. Naturally,
companies selling food and drinks with CBD want FDA regulation for the industry. Though the U.S. FDA has forbidden companies from infusing CBD in food, many drink companies have announced plans to use it.
Congress legalized hemp products,
including most CBD, in December in the 2018 Farm Bill. The FDA now has
to set new rules for the industry. Amid ongoing legal uncertainty, which
is causing quite an upheaval for the rising industry, FDA Commissioner
Scott Gottlieb’s latest comment brought good news for the industry. He
said “public meetings will be held sometime in April to hear from
relevant parties on how best to regulate CBD derived from hemp,†per
MarketWatch.
The joining of Martha Stewart came with the deal between Sequential Brands Group Inc. (SQBG – Free Report)
(up 40% on Feb 28) and Canopy Growth (up 3.6% on the day). Sequential
Brands, which is a licensing and brand management company, owns
Stewart’s media company Living Omnimedia since Dec 2015.Substantial Growth Prospect in Hemp-CBD Market
The Hemp Business Journal estimates that sales in the hemp-CBD market
will shoot up from $390 million in 2018, to about $1.3 billion by 2022.
As U.S. cannabis companies are still under regulatory prohibitions,
Canadian operators are looking for ways to expand their reach by mergers
and acquisitions, per the source.
And the hemp-CBD market offers lucrative opportunities for this. This
is because the 2018 Farm Bill subjects hemp and its derivatives to
agricultural products category rather than controlled substances.
Canopy Growth has plans to invest between $100 million and $150
million in a hemp industrial park in New York state, per Reuters.
Meanwhile, Canada’s Tilray(TLRY – Free Report) is working with Authentic Brands Group on
a line of consumer products. Tilray announced an acquisition of the
world’s largest hemp food maker Manitoba Harvest for about $318 million
in February. Arcadia Biosciences Inc. (RKDA – Free Report)
– which normally develops food ingredients from wheat and soybeans –
saw its shares jumping 49% on Feb 28 after it divulged plans to foray into the hemp industry (read: Top ETF Stories of February).
Tags: Marijuana, stocks, tsx, weed Posted in Bougainville Ventures | Comments Off on Bougainville Ventures Inc $BOG.ca – Why The Cannabis Sector Has More Room to Run $CROP.ca $VP.ca NF.ca $MCOA
Posted by AGORACOM-JC
at 12:38 PM on Friday, February 22nd, 2019
SPONSOR: North Bud Farms Inc. (NBUD:CSE) Sustainable low cost, high
quality cannabinoid production and procurement focusing on both
bio-pharmaceutical development and Cannabinoid Infused Products. Click Here For More Information
NBUD: CSE
—————
Cannabis edibles, plant proteins and other food trends to watch for in 2019
Canada is high on cannabis edibles
Cannabis will soon be a major driver in the food and beverage category.
This year should see edible products incorporated into Bill
C-45 (the Cannabis Act), opening up opportunities for health foods and
supplements, snack foods, packaged meals, restaurants and tourism.
A recent Deloitte report found that 58 per cent of current Canadian cannabis users intend to consume edibles once they’re legalized.
Food continues to find its way into the consciousness of Canadians.
It’s in our news feed, on our television screens and, more and more,
part of our day-to-day conversations. The challenge is to separate the
fact from the fiction, the ephemeral from the soon-to-be everyday. The
University of Guelph’s newest Food Focus Trends Report highlights six key trends likely to be front and centre this year.
Flexitarians on the rise
While vegans and vegetarians get all the attention, the flexitarians
are rapidly growing in number — and in clout. A flexitarian is someone
who is eating less meat rather than giving it up entirely.
Almost 85 per cent of Canadians claim to eat at least one vegetarian
meal per month, with nearly 50 per cent saying they do so at least once a
week. Despite only seven to eight per cent of Canadians identifying as
vegetarian or vegan, the conscious consumption of flexitarians will
likely have a profound impact on the quantity and types of meat we eat
as well as spurring the growth of protein alternatives.
By choosing to eat less meat, consumers are likely to indulge in more premium cuts while sacrificing staples like ground beef.
Plant-based proteins are also sure to grow in popularity, as are
those from previously taboo sources, such as insects. Canada’s new Food Guide also recommends an increased focus on plant-based foods.
Should Canada’s meat industry be concerned? Possibly, but increased
international demand should keep overall prices in our country steady
for the foreseeable future and population growth here will also continue
to increase the total demand for meat.
Easing fears about gene-editing
If comic books and horror movies have taught the average Canadian
anything, it’s that nothing good ever comes from playing with genes.
Unfortunately, fiction can sometimes be more believable than facts.
When it comes to agriculture, gene editing increases yields, develops
tolerances to things like drought or pests, removes allergens (to make
gluten-free wheat, for example) and enhances nutritional quality.
And the biggest benefit
may be for the world’s poor. Basically, gene editing is doing what
animal and plant breeders have been doing for hundreds and hundreds of
years, only in a way that’s much faster, much cheaper and much more
specific.
The only challenge? Reducing unfounded fears and communicating the
incredible potential of genetically modified crops and foods in a way
that Canadians can fully embrace.
So shouldn’t we all be behind the bee? It’s not that simple.
While they are essential for some crops, other crops rely on methods
of pest control that are associated with the decline of pollinators.
As we’ve seen with the neonicotinoids debate, striking a delicate
balance between the needs of farmers and the protection of pollinators
is an ongoing challenge and a goal that will not be easily achieved.
Canada is high on cannabis edibles
Cannabis will soon be a major driver in the food and beverage
category. This year should see edible products incorporated into Bill
C-45 (the Cannabis Act), opening up opportunities for health foods and
supplements, snack foods, packaged meals, restaurants and tourism.
A recent Deloitte report found that 58 per cent of current Canadian cannabis users intend to consume edibles once they’re legalized.
But these highs do have some potential lows — work will need to be
done to ensure proper dosing and to prevent unintended secondary
consumption by children and pets.
As well, the path to market for cannabis products in Canada goes
through three different pieces of legislation: the Cannabis Act, the
Controlled Drugs and Substances Act and the Food and Drugs Act.
In addition, products for medical consumers must also meet the Access
to Cannabis for Medical Purposes Regulations that are included in the
Controlled Drugs and Substances Act. But with the total market estimated
at more than $7 billion (on par with Canada’s wine industry), the
future is nonetheless bright for cannabis companies.
Prospering in a time of protectionism
The whirlwind of trade deals and disputes in the past few years has
left many Canadians reeling. While there has been much hand-wringing
over inter-provincial barriers, NAFTA/USMCA and new agreements with
Europe and the Pacific Rim, freer trade in food has actually provided
Canadian farmers with markets that are hungry for our products.
Plus, Canadian consumers have benefited and now enjoy a wider range of affordable food products.
The one downside? Our regulated dairy industry, along with other
supply managed commodities, has ceded nearly 10 per cent of its market
through recent trade deals.
This will not only be painful for the dairy sector, but it isn’t
likely to result in lower prices for Canadians — although we will
probably see a broader array of cheeses and other dairy products.
Overall, though, trade has been good for Canada and will continue to be
for the foreseeable future.
Growing divide between food & farms
Farms may feed people, but they have very little to do with the price you pay for food.
Fluctuating prices of agricultural commodities like corn, wheat or
soybeans often fuel news stories but the reality is the increases in
food prices Canadians have seen over the years have been relatively
consistent.
Put simply, food and farm prices are not the same and the relationship between the two continues to weaken. Today, the farmers’ share
of the food dollar is around 20 per cent — higher for less processed
foods (nearly 50 per cent for eggs) and lower for more processed foods
(two per cent for corn, which is used as a sweetener in manufactured
food products).
While the effect of low commodity prices may be felt in farming
regions and associated industries, it has little impact on Canadians
when they’re checking off their grocery lists — and that isn’t expected
to change in 2019.
Posted by AGORACOM-JC
at 2:39 PM on Wednesday, February 13th, 2019
SPONSOR: North Bud Farms Inc. (NBUD:CSE) Sustainable low cost, high
quality cannabinoid production and procurement focusing on both
bio-pharmaceutical development and Cannabinoid Infused Products. Click Here For More Information
NBUD: CSE
—————
From cannabis edibles to plant proteins: 2019 food trends
Cannabis will soon be a major driver in the food and beverage category.
This year should see edible products incorporated into Bill C-45 (the Cannabis Act), opening up opportunities for health foods and supplements, snack foods, packaged meals, restaurants and tourism.
(MENAFN – The Conversation) Food continues to find its way into the consciousness of Canadians.
It’s in our news feed, on our television screens and, more and more,
part of our day-to-day conversations. The challenge is to separate the
fact from the fiction, the ephemeral from the soon-to-be everyday. The
University of Guelph’s newest Food Focus Trends Report highlights six
key trends likely to be front and centre this year.
Flexitarians on the rise
While vegans and vegetarians get all the attention, the flexitarians
are rapidly growing in number — and in clout. A flexitarian is someone
who is eating less meat rather than giving it up entirely.
Almost 85 per cent of Canadians claim to eat at least one vegetarian
meal per month, with nearly 50 per cent saying they do so at least once a
week. Despite only seven to eight per cent of Canadians identifying as
vegetarian or vegan, the conscious consumption of flexitarians will
likely have a profound impact on the quantity and types of meat we eat
as well as spurring the growth of protein alternatives.
By choosing to eat less meat, consumers are likely to indulge in more premium cuts while sacrificing staples like ground beef.
Plant-based proteins are also sure to grow in popularity, as are
those from previously taboo sources, such as insects. Canada’s new Food
Guide also recommends an increased focus on plant-based foods.
Read more: In defence of Canada’s Food Guide
Should Canada’s meat industry be concerned? Possibly, but increased
international demand should keep overall prices in our country steady
for the foreseeable future and population growth here will also continue
to increase the total demand for meat.
Easing fears about gene-editing
If comic books and horror movies have taught the average Canadian
anything, it’s that nothing good ever comes from playing with genes.
Unfortunately, fiction can sometimes be more believable than facts.
When it comes to agriculture, gene editing increases yields, develops
tolerances to things like drought or pests, removes allergens (to make
gluten-free wheat, for example) and enhances nutritional quality.
The Canadian government approved the sale of genetically modified
golden rice that’s fortified with Vitamin A. It’s an example of a GM
food that directly benefits consumers. Josep Folta/Flickr
And the biggest benefit may be for the world’s poor. Basically, gene
editing is doing what animal and plant breeders have been doing for
hundreds and hundreds of years, only in a way that’s much faster, much
cheaper and much more specific.
The only challenge? Reducing unfounded fears and communicating the
incredible potential of genetically modified crops and foods in a way
that Canadians can fully embrace.
A third of the world’s crops need pollinators like bees. But some of
them also require pesticides that are harmful to bees. Jenna
Lee/Unsplash
In Canada, the contribution of bees to crops like apples, blueberries and canola has been estimated at over $5 billion.
So shouldn’t we all be behind the bee? It’s not that simple.
While they are essential for some crops, other crops rely on methods
of pest control that are associated with the decline of pollinators.
As we’ve seen with the neonicotinoids debate, striking a delicate
balance between the needs of farmers and the protection of pollinators
is an ongoing challenge and a goal that will not be easily achieved.
Read more: Why it’s time to curb widespread use of neonicotinoid pesticides
Canada is high on cannabis edibles
Cannabis will soon be a major driver in the food and beverage
category. This year should see edible products incorporated into Bill
C-45 (the Cannabis Act), opening up opportunities for health foods and
supplements, snack foods, packaged meals, restaurants and tourism.
A recent Deloitte report found that 58 per cent of current Canadian
cannabis users intend to consume edibles once they’re legalized.
Most Canadian cannabis users say they intend to consume edibles once they’re legal. Shutterstock
But these highs do have some potential lows — work will need to be
done to ensure proper dosing and to prevent unintended secondary
consumption by children and pets.
As well, the path to market for cannabis products in Canada goes
through three different pieces of legislation: the Cannabis Act, the
Controlled Drugs and Substances Act and the Food and Drugs Act.
Read more: How to keep your pets safe from marijuana poisoning
In addition, products for medical consumers must also meet the Access
to Cannabis for Medical Purposes Regulations that are included in the
Controlled Drugs and Substances Act. But with the total market estimated
at more than $7 billion (on par with Canada’s wine industry), the
future is nonetheless bright for cannabis companies.
Prospering in a time of protectionism
The whirlwind of trade deals and disputes in the past few years has
left many Canadians reeling. While there has been much hand-wringing
over inter-provincial barriers, NAFTA/USMCA and new agreements with
Europe and the Pacific Rim, freer trade in food has actually provided
Canadian farmers with markets that are hungry for our products.
Plus, Canadian consumers have benefited and now enjoy a wider range of affordable food products.
The one downside? Our regulated dairy industry, along with other
supply managed commodities, has ceded nearly 10 per cent of its market
through recent trade deals.
Read more: In defence of Canada’s dairy farmers
This will not only be painful for the dairy sector, but it isn’t
likely to result in lower prices for Canadians — although we will
probably see a broader array of cheeses and other dairy products.
Overall, though, trade has been good for Canada and will continue to be
for the foreseeable future.
Growing divide between food & farms
Farms may feed people, but they have very little to do with the price you pay for food.
A farmer is seen on his Nova Scotia farm in 2014 with some of his laying hens. THE CANADIAN PRESS/Andrew Vaughan
Fluctuating prices of agricultural commodities like corn, wheat or
soybeans often fuel news stories but the reality is the increases in
food prices Canadians have seen over the years have been relatively
consistent.
Put simply, food and farm prices are not the same and the
relationship between the two continues to weaken. Today, the farmers’
share of the food dollar is around 20 per cent — higher for less
processed foods (nearly 50 per cent for eggs) and lower for more
processed foods (two per cent for corn, which is used as a sweetener in
manufactured food products).
While the effect of low commodity prices may be felt in farming
regions and associated industries, it has little impact on Canadians
when they’re checking off their grocery lists — and that isn’t expected
to change in 2019.
Posted by AGORACOM-JC
at 10:12 AM on Friday, February 8th, 2019
SPONSOR: Bougainville
Ventures Inc (CSE: BOG) Converting irrigated farmland to
greenhouse-equipped farmland. Bougainville does not “touch the plantâ€
and only provides agricultural infrastructure as a landlord for
licensed marijuana growers. Click here for more info.
BOG:CSE —————————————
POT Ticker Generates Frenzy As WHO Softens Stance On Marijuana
Little illustrates the mania for cannabis investments better than the unprecedented demand over the stock symbol POT.
But new recommendations from the World Health Organization suggest some of that frenzy may not be unwarranted.
Tiny Vancouver-based cannabis company Weekend Unlimited saw its stock
gain as much as 148% Feb. 1 after winning out over 40 other companies
in the first-ever lottery for a stock ticker held by Canadian exchanges.
Weekend Unlimited, which previously traded under YOLO, short for “you
only live once,” wasn’t exactly lacking a memorable ticker before it won
the POT ticker.
In a weird twist, the YOLO symbol may find new life in another
pot-related security, as the AdvisorShares Pure Cannabis ETF has filed
to trade on the New York Stock Exchange under YOLO.
In more serious news, the WHO is recommending that cannabis and its
resin be removed from Schedule IV, the most restrictive category of a
1961 drug convention that governs international treaties. The WHO is
also moving to clarify that CBD containing less than 0.2% THC is not
under international control at all.
If adopted, these recommendations would recognize changing attitudes
toward the drug and its medical properties, potentially encouraging
fence-sitting politicians to speed up the pace of legalization. They
could also be a “catalyst for Big Pharma to further assess the global
medical cannabis opportunity,” according to BMO analyst Tamy Chen.
Advertising Challenges
“The treaty’s recommended cannabis rescheduling provides countries
additional political cover to re-examine their current state on
cannabis, given it serves as the regulatory framework for many,” writes
Bloomberg Intelligence analyst Kenneth Shea.
The proposals will now go to the United Nations’ Commission on
Narcotic Drugs, whose 53 member nations will have the chance to vote on
them, likely in March.
POT hype and WHO recommendations aren’t making it any easier to
advertise cannabis brands, at least not yet. Earlier this month, CBS
declined to air a commercial touting the benefits of medical marijuana
during the Super Bowl and Facebook (FB) has booted some pot sellers off Instagram, Bloomberg’s Craig Giammona reported last week.
The restrictions are even tighter in Canada, where nearly all forms of marketing and branding are prohibited.
Canadian Supply
The Canadian government reported that total cannabis sales in
December were up 4% from the month before, a muted gain given that
November sales marked a 42% decline in per-day recreational pot sales
from October, when legalization took effect.
The fact that total inventory continues to grow, hitting nearly two
months’ worth of dried pot and five months’ of cannabis oil at the end
of December, indicates that Canada’s ongoing supply shortage is more a
function of supply-chain problems than a lack of product, according to
Eight Capital analyst Graeme Kreindler.
“The process of getting products from vault to shelf remains a key
step in alleviating supply issues in the Canadian market,” Kreindler
said.
Edibles Question
The ongoing shortages, whatever their root cause, have raised
concerns among some in the industry that it won’t be ready to meet
demand for edibles and concentrates, which were expected to join dried
flower and oils on store shelves by October of this year. However,
Justin Trudeau’s pot czar told Bloomberg’s Josh Wingrove last week that
sales may lag regulations, citing the 17-week gap between the federal
pot law passing last June and the formal market opening in October.
According to Keith Merker, CEO of WeedMD, “It’s classic cannabis
industry stuff; you’re operating in this mist of uncertainty and trying
to make business decisions that are appropriate.”
The lack of clarity isn’t deterring big U.S. funds from sniffing
around the industry. Funds with $100 billion or more in assets under
management are exploring lending to Canadian cannabis companies as a way
to gain expertise in the burgeoning market ahead of potential
legalization.
The idea is to provide first-lien loans, which are first to be repaid
when a company fails, to mid-tier pot firms, according to Cormark
Securities’ Alfred Avanessy. This would open up a whole new world of
financing to the industry, which has largely relied on equity raises and
convertible debt to date.
Tags: Marijuana, weed Posted in All Recent Posts, Bougainville Ventures | Comments Off on Bougainville Ventures Inc $BOG.ca – #POT Ticker Generates Frenzy As WHO Softens Stance On Marijuana $CROP.ca $VP.ca NF.ca $MCOA
Posted by AGORACOM-JC
at 12:26 PM on Thursday, February 7th, 2019
SPONSOR: North Bud Farms Inc. (NBUD:CSE) Sustainable low cost, high
quality cannabinoid production and procurement focusing on both
bio-pharmaceutical development and Cannabinoid Infused Products. Click Here For More Information
NBUD: CSE
—————
Canada’s top marijuana enforcer stands by Liberals’ new pot policy
A former police chief and narcotics enforcement officer, federal Minister of Border Security and Organized Crime Reduction Bill Blair is convinced Canada has done the right thing with its new marijuana decriminalization and regularization laws.
Martin C. Barry
As the federal minister responsible for the implementation and
enforcement of Canada’s new marijuana legalization and regularization
laws, there’s no mistaking the fact Bill Blair stands one hundred per
cent behind the Trudeau Liberal government’s groundbreaking policy.
If anybody might be in a position to question the government’s
stance, it could easily be Blair. The veteran policeman and former chief
of the Toronto Police Service spent years fighting on the front lines
against drug-related crime as a narcotics squad officer.
Former narcotics cop
“As a police officer for 40 years, I was involved in drug
enforcement,†Blair, who is Minister of Border Security and Organized
Crime Reduction, said in an interview with Newsfirst Multimedia while on
a ministerial stopover in Montreal.
As chair of the Canadian Association of Chiefs of Police’s Organized
Crime Committee, he said he was “well aware of the impact that illegal
drug trafficking as controlled by organized crime was having in all of
our communities.â€
Drugs and violence linked
While noting that the link between organized crime and illegal drug
trafficking had a lot do with an escalation of violence in Canadian
cities these past few decades, Blair also pointed out that organized
crime was earning billions of dollars in profits each year being the
sole purveyors of a range of illegal substances that included marijuana.
Since the only means of controlling the situation available to
society was criminal sanction, young people got swept up in the overall
enforcement of the country’s drug laws, “which was disproportionate,â€
added Blair, “and was actually causing in many cases more harm. We
wanted to discourage their use of the drug. But we also did not want to
saddle that child with a criminal record for the rest of their life.â€
Approached by Trudeau
According to Blair, all of this transpired long before he was asked
by Justin Trudeau to run in the suburban Toronto riding of Scarborough
Southwest in the October 2015 election. Blair and the future Prime
Minister discussed the possibility of radically changing Canada’s
cannabis laws.
“We talked about Canada’s control of cannabis. And he said ‘What do
you think of legalizing it?’ And I said if we lift the criminal
prohibition it gives the opportunity to get the situation back under
control. Because currently the situation we were in was we had the
highest rates of use among our kids in the world. And this is a
dangerous drug for children. This is a drug that can have very serious
implications for children.â€
One third were breaking law
Leading up to the changes last October by the Liberal government to
the country’s longstanding prohibition on cannabis, more than a third of
Canada’s population had been breaking the law, Blair added. As such,
“we began the process of looking at how do we reduce the harm of this
drug.
“Some people say to me, ‘Well you’ve legalized cannabis.’ And I say
no – we’ve regulated the daylights out of it. We’ve brought in all sorts
of new rules – enforceable, proportionate, sensible rules – that
control every aspect of its production, its sale and its consumption.
Says no to other drugs
“Whereas before we had only one tool and it was like a sledgehammer
and we were trying to drive a nail. And no one wanted to swing the
sledgehammer. But now we have the right suite of tools to control the
system. And I believe it’ll result in a healthy situation for our
children and a safer situation for our communities.â€
Blair insisted that neither he nor the Liberal government would ever
consider going down the same route with other street drugs as it has
done with marijuana. “Cannabis is not a drug that kills people,†he
said.
“But unfortunately with other more serious drugs which are deadly –
the opioid crisis, for example, crystal methamphetamine, which is
ravishing some of our prairie and northern communities – those drugs
represent such a significant risk. And we don’t have a system of
regulated production and control.
Meth and fentanyl out
“There is no alternative. We can go to a Health Canada-regulated
production facility for marijuana, for cannabis. But we’re not going to
create a similar thing for crystal methamphetamine. So there will be no
other source other than the criminal source.†For drugs like
methamphetamine and fentanyl, Blair said an important of the approach
for dealing with them is to “interdict the supply to keep those drugs
out of our country. We need to be very effective at restricting the
supply. But we also have an enormous amount of work to do – and we have
embarked as a government on this – to reduce the demand for those drugs.
And that’s to prevent people from beginning to use them in the first
place.â€
Tags: Marijuana, tsx, weed Posted in All Recent Posts, North Bud Farms Inc | Comments Off on North Bud Farms Inc. $NBUD.ca – Canada’s top marijuana enforcer stands by Liberals’ new pot policy $ACB $WEED.ca $HIP.ca