21:34:38 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



CannaRoyalty Corp
Symbol CRZ
Shares Issued 52,885,695
Close 2018-06-27 C$ 4.86
Market Cap C$ 257,024,478
Recent Sedar Documents

Globe says Canopy, rival see fed unveil official rules

2018-06-28 07:53 ET - In the News

See In the News (C-WEED) Canopy Growth Corp

The Globe and Mail reports in its Thursday, June 28, edition that Ottawa will allow people who worked in the illegal weed trade to join the new industry and give producers the right to grow marijuana from seeds that originated in the illicit market. The Globe's Daniel LeBlanc and Mike Hager write that the official regulations, unveiled on Wednesday, confirm the government's effort to create a broad industry of legal cannabis growers and create new sources of competition for the existing group of licensed medical pot producers. As well, Ottawa said it will start collecting more detailed information on investors in privately held cannabis producers as part of its effort to prevent organized crime from infiltrating the industry. Still, the new measure fell short of a past government commitment to request greater disclosure from publicly traded companies. The government had telegraphed its intentions for the rules earlier this year, meaning the official announcement did not shock the industry. Despite an expected initial supply crunch, federal officials said they are confident Health Canada has increased its licensing of enough medical marijuana companies over the past year to meet the demand for recreational products.

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