Lp,s are doomed!
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Besides, pick any legacy grower... these guys are killing it.
Jody has 4 millions, Remo has 10 millions.
Say what?
Yes, that,s cash mate.
You want to lose?
Buy lp,s shares.
You bet it,s too late for lp,s
They blew it by selling subpar bunk weed at prohibition prices
Their constant lobby to throw folks in jail not popular with 420.
Prices coming down monthly means they will have to sell greenhouses
Legacy is not in the red.
Summer crop will be next nail in coffin...
Lol.
Data shows poor folks tend to overgrow lp,s upon hard times in order to keep their houses.
Old news indeed mex... 810 millions lost on last Q!!!
"Falling cannabis sales across Canada are partly to blame, as well as increased competition in the industry."
Legacy is kicking your dirty ass big time.
What are you going to do about dropping prices mex?
If you can,t make a buck selling legal weed, it,s time to switch.
You are fucked holding an empty bag...
And you know it.
Lol...
Due Diligence 101 for Mexicans... lol
YOU ARE FUCKED BIG TIME DUDE!!!
How low can you go Mexico?
"Falling cannabis sales across Canada are partly to blame, as well as increased competition in the industry."
CANOPY GROWTH FINED NEARLY HALF-A-MILLION DOLLARS BY THE CRA
CALEB MCMILLAN MARCH 22, 2022
BUSINESSCANNABIS CANADACANNABIS NEWSCANOPY GROWTHCANOPY STOCK PRICEFEATUREDLAWMARIJUANA LEGALIZATIONMARIJUANA NEWSNEWS & EVENTSTHC NEWS19 VIEWS
Ontario-based cannabis company Canopy Growth is dealing with a $500K fine from the Canada Revenue Agency. The CRA claims the company began its outdoor plant production in 2020 without having the proper licence to do so. Canopy is appealing the $434,611 fine in federal court, arguing they had all the proper paperwork in order.
To keep up with demand post-legalization, the company set up a corporate subsidiary in early 2019 and applied to Health Canada for an outdoor farm. Health Canada delayed their response and finally gave approval in June of that year.
Canopy Growth fined by CRA
Growing flowers of cannabis intended for the medical marijuana market are shown at OrganiGram in Moncton, N.B., on April 14, 2016. THE CANADIAN PRESS/Ron Ward
Nevertheless, Canopy launched its “Outdoor Farm” project in the summer of 2019. Under Canada’s cannabis laws, one must also apply for a separate cannabis licence with the Canada Revenue Agency. The CRA approved Canopy’s licence after 30 days.
One year later, the CRA sent Canopy a letter informing them of the $434,611 fine. They claimed Canopy began cultivating outdoor cannabis before receiving CRA approval.
The CRA Fine
The CRA’s fine is based on their estimation of the market value of the 2019 outdoor crop. Canopy claims the crops were destroyed and nothing from the outdoor farm was brought to market. Canopy is also claiming that the Health Canada cannabis licence authorized them to grow and that the CRA licence does not prevent them from cultivating for non-market use.
The CRA disagrees.
“The receipt and cultivation of vegetative cannabis plants prior to obtaining a cannabis licence under the (Excise Act) is a contravention of the (Excise Act),” reads an excerpt of a letter sent by CRA and quoted in court documents.
Canopy is appealing the fine.
At least one cannabis legal expert isn’t convinced their appeal will work. “If I had to pick which side of the argument to argue on, I would be wanting to be on the federal government side of this one,” Trina Fraser told the National Post.
“They’re going to have a hard time establishing that, when you see the phrase ‘cannabis licence’ in that section (of the Excise Act), that it could possibly mean a cannabis licence issued by Health Canada,” Fraser said.
“The CRA Letter contained no conditions, limitations, or restrictions, with respect to the production of cannabis products,” Canopy argued.
The Appeal
In its appeal, Canopy is asking the Federal Court to either cancel the fine entirely or lower its amount. The company insists it did nothing illegal.
Both the CRA and Canopy Growth declined to comment as the case is still ongoing. However, Canopy has confirmed the 2019 fine was paid in full to avoid further penalties with late payment.
Between 2019 and 2020, the CRA has issued 22 cannabis-related fines totalling $1.3 million. The CRA wants to remind cannabis producers that one must wait for both Health Canada and the CRA’s approval before beginning cultivation.
The fine comes at a bad time for Canopy Growth. The company reported a $115 million net loss in the last quarter of 2021. Falling cannabis sales across Canada are partly to blame, as well as increased competition in the industry.
Tilray to the moon!!!
Your very welcome… everything i write is for entertainment sake…
We are all comedians in a way.
Will they be able to afford a booth at 420?
Wednesday, April 01, 2015 3:23:38 PM
Re: None
Post#
16550
of 125756
I believe MMPR LP's to be doomed...
Dealing with HC is a nightmare! THEY CANNOT BE TRUSTED.
Sure, mold is an issue. If Remo saw mold, there was mold. I have knowned Remo for many years...he knows his cannabis.
Sure, radiation is an issue.
Sure, salts are an issue.
Sure, doctors not being on board is an issue.
Sure, not being able to advertize is an issue.
Sure, not being able to have compassion stores is an issue.
Sure, blind-buying-faceless-transaction-canada-post-delivery is an issue.
Sure, their operation is costing way way too much, quality is poor.
Barb wires, douche hats, white gloves... Give me a break.
All one needs is a microscope and a Cannalyser.
Compassion stores have it down path.
MMAR folks were annoyed by Tilray's and others MMPR claiming that MMAR growers were a mold/fire/organised crime caper.
We all know that fire/mold/organised crime caper was bogus when RCMP had no data to prove that claim in court.
I'll leave you with a tip...the future of cannabis is not in lp,s.
They will all grow bankrupt and suckers will hold empty bags.
Me first post in 2015… LP,s are DOOMED!!!
Time to purchase Tilray,s shares folks... lol
UPDATED: $Hexo has lost $1.6 billion since 2016 Losses for FYs ended July 31: 2016: $3.4 million 2017: $12.4 million 2018: $23.3 million 2019: $69.6 million 2020: $546.5 million 2021: $113.6 million 2022: $828.2 million (Q1/Q2) ?? Tell me if you can spot the trend @MJBizDaily
Matt Lamers Twitter
Crappy got bit in the ass Karma style
LOL
I do get a lot of help from my friends but...
lol
Matt Lamers March 15 Twitter
Crappy Growth collected $65 million from Canadian Taxpayers, courtesy the federal government, to "rehire and retain" workers during covid-19.
Separately, now they are appealing a $434,611 fine to the federal court for growing an illicit crop.
"In reality, the fair value of the 2019 Crop was nil, as evidence by the fact that the crop was destroyed, and no viable cannabis product was ever produced from the crop", the company argued in its appeal.
Time to cop more of these crappy growth & tilray shares me think.
Make sense.
You should…
Hexo reports $616M write-down in Q1
The firm says the charges give it a ‘clean slate’ for future growth
ByBonnoPublished1days ago
Hexo reports $616M write-down in Q1 -Photo via Hexo
Canadian producer Hexo Corp. (TSX: HEXO) (Nasdaq: HEXO) continues its rocky ride, with modest quarterly improvements to its topline and substantial losses from write-downs on assets.
On Friday, the company reported its earnings results for its fiscal first quarter ended Jan. 31, with sales up 4 per cent to $72 million from $69.5 million in the fourth quarter.
During the period, Hexo said it completed a write-down of $616 million, “eliminating past issues and enabling a clean slate for future growth.” That includes $100 million in impairment losses on property, plants and equipment as its refreshed management team assed its production capability and assets.
The write-down also includes a $141-million impairment charge on intangible assets, as well as a $375-million charge on goodwill as management revised forecasts and budgets.
Quarterly net loss totalled $690.3 million.
At the end of the quarter, Hexo said it had around $282 million in cash.
Read more: Tilray to buy US$211M in Hexo debt for equity ownership
Read more: Hexo defaults on senior debt, but lender waives event due to Tilray deal
“Since joining Hexo in November, my top priority has been to clean up a very challenged balance sheet as a result of the secured note that was previously put in place,” president and CEO Scott Cooper says in a statement.
“We’re now on the path to establishing a strong foundation that we expect will, once finalized, enable us to become a cash flow positive business within the next four quarters, along with continuing to grow our significant market share.”
Executive chair Mark Attanasio adds that a recently revealed investment from rival Tilray will restructure the more “onerous” repayment and liquidity terms of the secured note.
Attanasio joined the board in March, along with six other new directors, following calls from activist shareholder Adam Arviv to reverse course on Hexo’s poor performance and plummeting share price.
Company stock was flat Friday at around US$0.62 on the Nasdaq.
Read more: Hexo elects 7 directors, approves share consolidation
Read more: Hexo’s sales spike 31% with $117M loss after steep impairments in Q1
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Shares, ranch, helicopter, whatever you invested in, one must be prepared to loose it all.
And smile…
"Not sure point of this nonsense."
Point of this nonsense is you have no sales...
RED YOU ARE
Result of this nonsense is that you are overgrowned by Legacy.
You only have one way to go like Hexo.
Down in flames.
Bad weed is not what folks want and it shows big time.
Wait for next Q for a wake up call.
https://globalnews.ca/news/7530148/cannabis-home-grow-health-canada/
https://globalnews.ca/news/5866615/marijuana-cannabis-home-grow/
https://torontosun.com/news/local-news/one-in-seven-canadian-cannabis-users-grow-their-own-pot-study#:~:text=the%20legalization%20say.-,One%20in%20seven%20Canadian%20cannabis%20users%20grow%20their%20own%20pot,seven%20users%20grow%20at%20home.
Too lazy? Web has got you covered.
Online shoppers,24/7, delivered in an hour or free...
https://cannacabana.com/
https://greensociety.cc/
https://herbapproach.org/
https://www.kingcannacanada.com/
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https://www.wiidsk.ca/
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https://buddi.io/
https://eighthcannabis.ca/https://www.musecannabis.ca/menu-pickup-orders?dtche%5Bpath%5D=locations
https://getkush.cc/
https://highlife.ca/
https://www.revivecannabis.ca/
https://www.cannabudpost.net/
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https://www.paramountcannabis.ca/burlington/
https://apollocannabis.ca/virtualclinic/
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https://www.newleafcannabis.ca/
https://www.utopiatoronto.com/?
https://710kingston.com/order-cannabis-online/
https://www.oneeyesweedery.com/
https://thebakerycannabis.ca/
I could go on till the cows come home but i have to feed the horses.
Blown away by the amount of cannabis ignorance on this board.
One in five Canadian cannabis users grow their own pot: Study
Author:Bonno
Publishing date:Dec 25, 2020 • December 25, 2020 • 1 minute read • 13 Comments
Marijuana plant.
Marijuana plant. PHOTO BY FILE PHOTO /Toronto Sun
Article content
Department of Health research has found 35% of Canadian marijuana users grow pot plants at home.
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A 2018 bill that permits the growing of cannabis in homes may cause nothing but problems with landlords and condo boards, critics of the legalization say.
Cann raises nearly $35 million as it launches in Canada
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“Use of cannabis is common in Canada,” the Canadian Cannabis Survey 2020 states.
A Blacklock’s report on the story says the research found one in seven users grow at home.
The legal limit is four plants per household under Bill C-45.
“Legalization and regulation of cannabis in Canada prompted a policy and scientific requirement to collect new comprehensive data on the subject of cannabis use and non-use,” wrote the researchers with Advanis Inc. “New research on cannabis use is helping the government better evaluate the possible impacts associated with its legalization.”
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In 2018, Cabinet rejected a Senate amendment to ban home cultivation.
“The Government of Canada would leave it totally to the courts,” then-Senator André Pratte told hearings of the Senate social affairs committee.
MORE ON THIS TOPIC
Marijuana
Many will enjoy a very cannabis-friendly Christmas: Survey
Marijuana being offered in a jar.
Weed stigma remains at family gatherings: Study
Home cultivation was opposed by police chiefs, apartment building owners, and realtors.
“The legislation ignores evidence that growing cannabis indoors can be hazardous. What problem does home growing solve? And yet how many problems does it create?” testified Michael Bourque, CEO of the Canadian Real Estate Association.
Human rights tribunals have rejected complaints by tenants ordered to remove cannabis plants by their building.
“One of our primary concerns with Bill C-45 continues to be home production,” Insp. Bill Spearn, of the Vancouver Police Service, testified at Senate committee hearings.
“Permitting home production in a residence goes against the objective of providing a regulated market.”
The health department paid $249,730 for the research.
Nationwide, 100,930 people took part in the telephone survey and online questionnaire.
It wasn’t reported on when the survey took place or what accuracy, plus or minus percent, the findings represent.
I dig my Kobashi… terps city!
Why shoot the messenger?
Best to leave your emotions at the door when investing in a Ponzi…
Only spreading the knowledge… lol
"Think about beer drinkers. With all the better tasting craft beer in the world and yet crappy Budweiser still exists."
USA legalizing alcool stopped bootleggers dead in their tracks.
When Canada legalized canna, folks supplying it kept on keeping on.
60,000 Canadians who have a HC licence to grow, and counting...
Amazon & Ebay are pumping out grow kits for the masses.
Cannabis is all the rage on the web.
You Tube canna video abound.
And contrary to Alcool it is medicine and is non-toxic.
Alcool was a hit right from the start and most folks approved.
Cannabis is tabou but
Lawyers & scholars don,t buy stock market weed.
They don,t like to have to show i.d. everytime they score.
Canna folks have a mind of their own.
They don,t like to be told what to grow on their ranch.
Say what?
The Police will catch them all?
How has that worked for you the past 90 years?
Beside, prohibition = violence & corruption.
Meanwhile, back at the ranch, folks are overgrowing lp,s.
LP,s are suffering as there is too much good weed to go around.
They are being overgrown with nowhere to go.
They blew it!
I,ve know and studied cannabis since my first Overland To India.
That was in 1966. Been in 66 countries ever since.
I know this market well...
Rule # 1: Growing fire is the only way to go for $ucce$$.
Way too much competition in low shelf bunk stuff (LP,s).
Nobody likes to drop 200$ on weed that is tasting bad.
Especially when you cannot return it for refund.
Once burned, twice shy.
My old man was an entrepreneur.
He used to tell me "the best quality is always the best choice".
World canna consumers in the know go for legacy.
Tricome Garden established in 2008 comes to mind.
Legacy is kicking ass. Lp,s burn billions. Silly. Lol.
Stock market weed is a Ponzi for suckers.
Sad!
Your dd is based on conjoncture.
May i borrow your crystal ball?
Is that all you have as far as DD is concerned?
Great cheerleading but!
Crappy Growth is Canada biggest stock market weed seller with 10% market shares.
They are going bankrupt…
They could have done better by growing fire.
Low shelf cannabis is not winning.
Tilray is one of many selling sub-par Gamma blasted weed.
That market is doomed.
Fire has no competition!
CANNABIS CONVICTION NEEDED FOR FIRST RETAIL LICENSES IN NY
Bonno,March18,2022
CANNABIS LEGALIZATIONCANNABIS NEWSFEATUREDMARIJUANA LEGALIZATIONMARIJUANA COMMENTS12
State-owned cannabis shops have a negative tone to veterans of the legacy market in many legal states as well as Canada. Small businesses are often swept out and replaced by big corporate buds. Countering this, New York plans to offer retail licenses to individuals with a cannabis conviction through a Social Equity Program.
That is, 50% of the first licenses for cannabis retail outlets in New York will be granted only to those with a cannabis conviction. Any parent, legal guardian, child, spouse, or dependent of the justice served individual, the one previously convicted of a cannabis crime before March 31, 2021, can also apply for the initial licenses.
Former Governor, Andrew Cuomo, signed New York’s legalization bill on March 31 last year.
Is the state investing in convicts with their own securities?
Within the plan, the state promises to provide funds while slyly holding ownership of storefronts. True, equity should imply that the wrongs imposed on cannabis consumers are being righted following one definition of the word. Following New York’s cannabis licensing plan, though, social debt is a more fitting definition of equity.
Social and economic appears to be the brand name. This is because funds granted by the state will be issued through an equity [mutual stock] fund. To be blunt, the plan allows the state to quietly invest securities and assets collected from cannabis crimes back into former prisoners of the drug war. Meanwhile, the state takes a chance at a major investment opportunity.
A viable legal market or carrots?
Regardless of any equity, though, individuals buried in the cannabis industry‘s roots often refer to state funding programs as non viable carrots.This is because legalization was botched, elsewhere.
Regulated cannabis has been far too limited in quantity, quality, and riddled with too many problems to meet demands. Due to these shortfalls, legacy retailers in some jurisdictions and countries have been against transitioning to a less accessible platform.
Remember that attempts at social equity programs in other states have failed to potentiate the market. Hopeful entrepreneurs branching into California’s legal industry faced many hoops. One challenge included a $10,000 retainer for an attorney. There was also California’s great race for the first 100 social equity applicants in 2019. Sadly, this attempt to deliver cannabis retail licenses included a fixed computer system as proven by an audit according to the LA Times.
While legalization has the potential to be successful with the right plan. Will storefronts operated, not owned by prisoners of the cannabis industry settle any social injustice inflicted by the drug war? Or will ushering in wrongly convicted individuals as the face of legal cannabis sales in New York counterintuitively create more harmful bureaucracy?
Let us know what you think of social equity programs in the cannabis space in the comments. And check out this story to read about steps taken in New York to ensure better access to medical cannabis.
Definitions
Fund means a social and economic equity fund in which the state, any state agency, public authority, public benefit corporation, or division thereof has invested and is formed for the limited purpose of funding costs, which include, but are not limited to construction, renovations and equipment purchasing associated with establishing or developing adult-use cannabis operators.
Part 116 – Conditional Adult-Use Retail Dispensary. New York. 2022.
Sources
Villeneuve, M. 2022. 1st NY pot sales permits will go to people with convictions. AP News.
Part 116. Conditional Adult-Use Retail Dispensary. New York. Ch II. Subtitle B. Title 9. Official Compilation of Codes, Rules and Regulations of the State of New York.
McKinley, J. And Ashford, G. 2022. New Yorkers With Marijuana Convictions Will Get First Retail Licenses. The NY Times.
Gerber, M. 2022. California promised ‘social equity’ after pot legalization. Those hit hardest feel betrayed. LA Times.
Conditional Cannabis Cultivation Bill. New York. 2022.
Tilray, like all lp,s, are growing low quality cannabis .
Heavy competition, high prices, low quality weed.
Top shelves has no competition.
Stock market weed is doomed.
It is a Ponzi.
All artificial.
My N.P.K. cost for me canna grow is : Nada.
This is the killer devise i use to make my own : TERO
I love it. Keeps my girls happy. Terps city. 100% bio. Nuff said.
https://teroinnovation.ca/products/tero-plus?variant=39307793530951
https://www.nationmaster.com/nmx/ranking/nitrogen-fertilizer-production
Fertilizer are doubling in price.
75% of Canadian fertilizer imported from Russia.
Russian boats cannot deliver.
LP,s production cost goes up again.
Give it a few days
Dorothy is scarfing Martha,s best offering like there is no tomorrow
Happy loves Crappy for nostalgia,s sake
Young, naive and fluffy has move to Russia
World has gone mad
Klein is on top
Mexicans are slaving in hot and humid greenhouses for minimum wages
They smell moldy and look tired
Yup! They have lots of money to burn.
DD is important when you play your money away.
Hoping is not enough.
Great Ponzi but!
Canopy Growth fined nearly $500K by CRA for allegedly growing cannabis before licence
The Ontario-based company is appealing the $434,611 fine to the federal court, arguing that it had complied with all its obligations required by both Health Canada and the CRA
Author of the article:Bonno
Publishing date:Mar 15, 2022 • 11 hours ago • 4 minute read • 20 Comments
OTTAWA – Canadian cannabis company Canopy Growth was fined nearly half-a-million dollars in 2020 by the Canada Revenue Agency because it began growing plants on an outdoor farm before receiving its licence from the agency, National Post has learned.
Now, the Ontario-based company is appealing the $434,611 fine to the federal court, arguing that it had complied with all its obligations required by both Health Canada and the CRA contrary to the latter’s claims.
But one cannabis law expert says it will be an uphill battle for Canopy Growth because there are a number of “challenges” with their arguments against the tax agency.
“If I had to pick which side of the argument to argue on, I would be wanting to be on the federal government side of this one,” said Trina Fraser, partner at Brazeau Seller law firm in Ottawa.
In court documents consulted by National Post, the company says the penalty is tied to its “Outdoor Farm” project launched in the summer of 2019.
Under “significant pressure” to produce enough cannabis after legalization in late 2018, the company set up a corporate subsidiary in early 2019 that applied for a cultivation licence from Health Canada for an outdoor farm, according to the appeal.
Health Canada eventually gave them their licence in June, “which was well into the 2019 outdoor growing season.”
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The company then applied for a separate cannabis licence from the CRA, which is mandatory under the Excise Act. Court documents say it received the licence roughly one month later.
But just over one year later, CRA sent Canopy Growth a letter informing them they were being fined $434,611 because it found the company had begun cultivating cannabis before it received its licence from the agency.
“The receipt and cultivation of vegetative cannabis plants prior to obtaining a cannabis licence under the (Excise Act) is a contravention of the (Excise Act),” reads an excerpt of a letter sent by CRA and quoted in court documents.
The amount of the fine was based on two-thirds of CRA’s estimated market value of the 2019 crop, the company said, meaning the total value was likely around $650,000.
“In reality, the fair market value of the 2019 Crop was nil, as evidenced by the fact that the crop was destroyed due to mold, and no viable cannabis product was ever produced from the crop,” the company argued in its appeal.
The company also argued that it never contravened the law because it had received its Health Canada cannabis licence and believed that nothing in the Excise Act prevented it from beginning cultivation while waiting for the CRA licence.
“The CRA Letter contained no conditions, limitations, or restrictions, with respect to the production of cannabis products,” the company argued.
“The Alleged Offence that the (CRA) has accused (the company) of committing is not an offence under the EA,” the documents read.
In the appeal, Canopy Growth also said that sections of the Excise Act only state that a “cannabis licence” is required for legal cultivation, which they argue is referring to the one emitted by Health Canada under the Cannabis Act, and not the one by CRA under the Excise Act.
“They’re going to have a hard time establishing that, when you see the phrase ‘cannabis licence’ in that section (of the Excise Act), that it could possibly mean a cannabis licence issued by Health Canada,” Fraser said. “I think it’s clear, but it’s up to the court to decide.”
In its appeal, Canopy Growth is asking the Federal Court to either cancel the fine and order the agency to reimburse the money, or diminish the value of the fine if the court considers that the company did commit an illegal act.
Both the CRA and Canopy Growth declined to comment on the case because it is in front of the Court. A company spokesperson confirmed that it had paid the fine in full in 2019 “to avoid further financial penalties associated with late payment.”
Last year, Marijuana Business Daily revealed that CRA had levied 22 cannabis-related fines worth a total of $1.3 million in 2019 and 2020, though the agency refused to name the companies penalized.
According to their data, Canopy Growth’s $434,611 fine was by far the most significant in 2020, though the largest one dolled out by the agency at that point was worth $507,660 in 2019 to an unnamed firm.
Marijuana Business Daily also reported last February that Canopy Growth reported a $115 million net loss in the last quarter of 2021 as cannabis sales continue to fall in Canada, due to oversupply.
Fraser said the CRA has even asked her to remind her cannabis company clients that they need to receive their licence under the Excise Act before beginning cultivation.
“CRA reached out to me at one point and said….‘We are seeing lots of situations where new licence holders are commencing production before they get their CRA cannabis licence. That is a problem. We will not hesitate we take that very seriously,’” she said.
That is the reality in todays growing legal weed...
60 pounds of top shelf for 30,000$.
No wonder folks stay underground.
No money to be made on a 4 months canna crop.
30,000$ per crop for fire, is ridiculous.