Dan Sutton: Fostering a culture of innovation

Dan Sutton: Fostering a culture of innovation

Innovation distilled into its simplest meaning is creating new things.

Securing Cannabis from  Point A to Point B

Securing Cannabis from Point A to Point B

Did you know that banks are not Federally mandated to use armoured transport to move money

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It is definitely an understatement to say that cannabis production and processing is on the rise in Canada. Alongside this increased interest comes the development and dissemination of many myths surrounding its cultivation. (Mainly borne out of people thinking they have secret recipes to grow bigger buds with strong THC, CBD and turpentine contents.)
Similar to other industries, how cannabis is produced and processed has evolved over time — and it will only continue to evolve as new companies join the elite group of licence producers in Canada that already exists.
It is often assumed in the cannabis industry that greenhouse production, rather than indoor production, will become the norm, especially since costs can be substantially reduced by using the “free power of the sun.”
Oct. 31, 2017 - I hear from clients daily, “these pesticides are just not working like they used to.” It is true, pesticides are not working as well any more. Even when the pesticides were working well, not all the pests were killed despite good coverage and dead bugs on the leaves.
Sept. 29, 2016, Vineland Station, Ont. – As the cannabis industry continues to gain legal status around the world, more and more cannabis growers are learning about commercial scale horticultural production techniques, and of course, that means greenhouse growing.
DECEMBER 2016 – A decade ago the last thing you would want to hear is that your business has gone to pot! But that was then and this is now; it’s an old idiom worthy of a new definition.
May 25, 2017 – Although cannabis had been used for many centuries for treatment of seizure disorders, medical use became prohibited in the 20th century. However, with the loosening of laws regarding medical marijuana, research and clinical use of marijuana-derived substances are increasing.
April 13, 2017, Simcoe, Ont. – Marijuana production in Canada is about to scale up, and we have a free webinar on May 11 to help with decisions related to facility design.
DECEMBER 2016 – A decade ago the last thing you would want to hear is that your business has gone to pot! But that was then and this is now; it’s an old idiom worthy of a new definition.
Oct. 23, 2016, Jupiter, FL – In a discovery that advances the understanding of how marijuana works in the human body, an international group of scientists, including those from the Florida campus of The Scripps Research Institute (TSRI), have for the first time created a three-dimensional atomic-level image of the molecular structure activated by tetrahydrocannabinol (THC), the active chemical in marijuana.
Sept. 16, 2016, Smiths Falls, Ont. – Tweed Inc.,  a wholly owned subsidiary of Canopy Growth Corporation, has launched ‘Lemon Skunk’ in the Tweed store.
Aug. 22, 2016, Ancaster, Ont. – The Green Organic Dutchman Ltd. is now a Licensed Producer under the Marijuana for Medical Purposes Regulations (MMPR).
Manitoba on Tuesday tabled legislation outlining its plans for the sale of cannabis once the federal government legalizes recreational marijuana later this year. Here's a look at provincial and territorial plans to date:
OTTAWA – Canada's licensed cannabis producers have expressed concern over newly released draft regulations from Health Canada outlining packaging and labelling requirements for cannabis sold in the country.
TORONTO – Hiku Brands Company Ltd. has entered into a letter of intent with Kaya Inc.  to pursue medical and adult-use cannabis branding, genetics, and retail opportunities in Jamaica and Canada.
Did you know that banks are not federally mandated to use armoured transport to move money? But they do. Primarily, to reduce theft, keep insurance premiums low and maintain shareholder confidence – just to name a few reasons.
Access to cannabis is constantly evolving and, in a matter of months, Canada is poised to become the largest legal market of cannabis worldwide. Under the Access to Cannabis for Medical Purposes Regulations(ACMPR), medical cannabis is currently legal nationwide in Canada. Demand in the medical space is forecast to increase ten-fold by 2024. Taking it a step further, the Canadian government is planning to legalize cannabis for adult-use this summer. As such, the adult-use market is forecast to grow to $6 billion by 2021 and a total market demand of more than 600,000 kg of product. As the next booming sector, entrepreneurs, companies, and enthusiasts alike are preparing for new opportunities in the cannabis industry.There is a projected shortfall of supply based on current capacity and market demand – posing an upside for companies looking to capitalize. Here are a few ways companies are preparing to capitalize on the legal adult-use market. Diversify Product Offerings With recreational legalization, there will be increased consumer demand for new and innovative products, including cannabis oils and edibles. While dried flower has dominated the market, cannabis oil is becoming extremely popular. It is preferred by medical professionals who can more easily prescribe doses to patients, and by individuals who do not want to smoke their medicine. We can expect to see cannabis oils continue to gain market share in both recreational and medical spaces, and more companies applying for licenses to produce and sell cannabis oil. We also anticipate that customers will gravitate towards cannabis-infused edibles and other extracts. While the Canadian government still has not authorized the sale of these products,edibles could be permitted one year after the recreational marketopens, making ample room for new product development. Licensed producers will need to build out new infrastructures as well as research and development capabilities to develop infused products. Alternatively, Licensed Producers may establish partnerships to avoid upfront costs and tap into the expertise of other organizations that already know how to produce these goods.Develop Strategic Partnerships To meet increased demand, the cannabis industry will likely see a wave of consolidation, even as it expands. Some companies will team up via mergers or acquisitions to increase the diversity of their products in preparation for the recreational market.Things are moving at a rapid pace, and the companies that will flourish are the ones that can industrialize and produce on a large scale. Companies will be seeking partners and investors, giving many Canadian and foreign entities opportunity to engage with experienced licensed producers.We’ve already seen some major partnerships and investments over the past year. Constellation Brands (a Fortune 500 producer of wines, beers, and spirits) recently invested $245 million into Canopy Growth Corporation, signaling a major validation in the cannabis space. We can expect to see other companies from the alcohol, pharmaceutical, and consumer product markets enter the cannabis industry. Emerald Health also acquired Licensed Dealer Northern Vine to enhance product development ahead of adult-use legalization in Canada.This may be the beginning of intense M&A activity in the cannabis industry, as companies find ways to quickly and efficiently build out their offerings and production capabilities.  Increase Cannabis Production According to the Brightfield Group, recreational cannabis is predicted to bring in more than 500,000 users in its first year, which will lead to a sudden and steepincrease in demand. As such, Licensed Producers are expanding their operations to have additional product available by summer 2018. Health Canada is also reviewing and approving new Licensed Producer applications to help address the potential shortage of supply. Emerald Health is one of many companies gearing up to meet future market demand. The company recently partnered with Village Farms, an industry-leading greenhouse grower, to leverage their existinggreenhouse assets and large-scale growing expertise. It is currently retrofitting one of the world’s largest indoor growing facilities at 1.1 million sq. ft. Looking long-term, there is an option to add another 3.7 million sq. ft. of growing space, for a total of 4.8 million square feet (300,000 kg of product). The future of cannabis is bright. With the upcoming legalization of adult-use cannabis in Canada, we will continue to see the space evolve here and across the world.  It’s exciting to bring this industry out of the darkness and into the light.
SASKATOON – CanniMed Therapeutics Inc. says its truce with rival medical marijuana company Aurora Cannabis Inc. will continue past the original Monday deadline.The Saskatoon-based company has been fending off a hostile takeover by Aurora, which wants CanniMed to abandon its friendly takeover of Newstrike Resources Ltd.CanniMed and Aurora's stand-still agreement provides them with an opportunity to hold talks ahead of a rescheduled CanniMed shareholder vote on Thursday.Under the truce, neither company will solicit any proxies from CanniMed shareholders, solicit an alternative transaction or enter talks about an alternative deal.In addition, Aurora will not acquire direct or indirect control of any additional CanniMed shares and CanniMed won't make changes to its Nov. 24 offer for Newstrike.In a press release Monday, Newstrike announced that it consents to the post-poning of CanniMed's shareholder meeting.The Tragically Hip, a major shareholder in Newstrike, has thrown its support behind CanniMed's takeover bid. The Canadian Press
LEAMINGTON - Aphria Inc. has entered into a binding letter agreement to acquire 100% of the issued and outstanding share capital of Broken Coast Cannabis Inc., a premium cannabis producer located in British Columbia.As part of the transaction, Aphria approved the immediate commencement of Broken Coast's Phase IV expansion.The 60,000 sq. ft. expansion is expected to cost under $20 million and will increase the facility's annual capacity from 4,500 kgs per year to 10,500 kgs per year. This acquisition brings Aphria's forecast annual production to 230,000 kg and turns Aphria into a cross-Canada distribution platform, with access to over 40,000 medical patients.The expansion is anticipated to be completed by late summer 2018, with first product sale occurring in early 2019. READ FULL RELEASE HERE
TORONTO – Producer of medicinal cannabis, Hydropothecary Corporation announced today that it has entered into a revised agreement with Canaccord Genuity Corp., Eight Capital, and a syndicate of underwriters for 32,500,000 units of the Company at a price of $4.00 per Unit for aggregate gross proceeds of $130,000,000. 
EDMONTON and ANCASTER - Aurora Cannabis Inc. and The Green Organic Dutchman Holdings Ltd. today announced that the companies have completed a definitive agreement covering a strategic investment in TGOD by Aurora, as well as a supply contract.
SMITHS FALLS, ON and SAINT LUCIEN, QC - Canopy Growth’s Vert Cannabis in Saint Lucien, Québec, has obtained a production license under the Access to Cannabis for Medical Purposes Regulations.  Vert Cannabis is a 7000 square foot craft cannabis production facility located in the small town of Saint Lucien, Québec. "We're pleased to have obtained the licence and look forward to starting cannabis production in Québec," said Adam Greenblatt, Québec Brand Manager at Canopy Growth. Recently, Canopy Growth also established a partnership with Les Serres Bertrand to form Vert Mirabel – a large scale production greenhouse facility to be converted into a cannabis facility. Vert Cannabis represents Canopy's seventh Canadian production licence under the ACMPR to date. Vert will begin production in the first quarter of 2018 following the live transfer of starter plants from the Tweed facility in Smiths Falls, Ontario.   Greenblatt said that the legalization of cannabis in Canada presents a tremendous opportunity for the province.  "It is an exciting privilege to operate at the intersection of revolutionary policy reform and a nascent commercial sector with vast potential, and as such, we are dedicated to establishing a vibrant, competitive, and socially responsible cannabis industry here in Québec."
Kelowna, B.C. – Two recreational cannabis lifestyle brands, DOJA and Tokyo Smoke based out of British Colombia, announced that they will be merging companies to form Hiku Brands, with strategic investment from Aphria Inc.
MIRABEL, Que. – Canopy Growth Corp. has signed a joint-venture deal with Les Serres Stephane Bertrand Inc., a large-scale tomato greenhouse operator in Quebec.
Innovation distilled into its simplest meaning is creating new things. From fire pits and sharp stones to quantum computing and nuclear fusion, innovators create value for themselves and their users.
If there was one word to describe the Canadian cannabis industry in 2017, it would be explosive.
This past November, accounting giant Ernst & Young (EY) released a 12-page report focusing on the opportunities for Canadian licensed producers (LPs) of cannabis. Conversely, in that very same report, it noted that an uncertain operating landscape also exists, thus presenting enormous challenges for LPs.
Meaghan Seagrave – Executive Director of BioNBIf the past few years have shown us anything, it’s that there is tremendous opportunity for the biomass industry in Canada, specifically in Atlantic Canada. In thinking of Atlantic Canada, thoughts of our hospitality, friendliness, seafood, and bitterly cold winters might spring to mind. But, with these sweeping winds comes opportunity for growth in biomass-based industries, especially those that have been traditionally under-realized. 
One can’t blame Canadian cannabis entrepreneurs and investors for feeling a bit motion sick from turbulence, while waiting to see where different layers of government will land on key policies. Unfortunately, you can’t completely blame Ottawa for the hurry up and wait antics. Canadians are simply experiencing legalization through a “parliamentary” process, rather than through an electoral ballot process, like in the U.S.
Not a day goes by without the topic of cannabis making headlines across Canada.
September 2017 – Nothing evokes passionate debate in the cannabis community like the threat of big business taking over. The arguments against big marijuana fill the Internet. The heartfelt plea to preserve small farms is echoed throughout the U.S., Canada and Jamaica.
Our recent webinar outlining the emerging business opportunities related to the move to legalize large-scale marijuana cultivation drew considerable interest.
A new era in medical marijuana production dawned in April of this year, and it hasn’t taken long for the horticulture industry to take note.

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