Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Right on!
Wowzers$$$$$$$
Volume pushing it up despite some selling on news.
Look at that ticker go!
We can almost touch the BLUE SKY it’s so close...
Nice volume as well.
https://www.ctvnews.ca/politics/gov-t-rep-in-senate-makes-case-for-accepting-marijuana-bill-as-is-1.3978485
Gov't rep in Senate makes case for accepting marijuana bill as is
OTTAWA -- The government representative in the Senate is imploring his colleagues to accept the federal Liberals’ rejection of several substantive amendments to the marijuana legalization legislation, arguing the Upper Chamber has done its due diligence.
“The Senate has done a thorough job of conducting sober second thought in reviewing this legislation… on a social change of such significance, the Senate has been on the thorough end of thorough,” Sen. Peter Harder told his colleagues in the Senate Tuesday night.
Harder’s speech and motion to accept the government’s position, came as the Senate began debating the government’s message about accepting some, but not all, of the Senate’s proposed amendments to Bill C-45.
Earlier Monday MPs voted 205 to 82 to send the Cannabis Act back to the Senate.
The bill is now in the hands of senators to debate how they feel about the government saying thanks but no thanks to some of the Senate's more robust recommendations.
During the debate Harder defended the government’s position and highlighted the key moments for Bill C-45 as it moved through the House and Senate, including having the government commit to enhancing its ongoing study and reporting on the impacts of legalization.
“If we concur with the House of Commons, I think we will find most Canadians pleased with the manner in which we’ve discharged our constitutional role,” Harder said, in recommending the Senate pass Bill C-45 as is.
Senators agreed around 9:30 p.m. Monday to adjourn debate on Bill C-45 for the day, and will resume on Tuesday.
Last week, Health Minister Ginette Petitpas Taylor announced that the government accepts 26 largely technical proposed amendments to the legislation.
However, the Senate's attempts to change the bill to give the provinces and territories the power to ban home-grown marijuana; to prohibit pot producers from distributing branded merchandise; and setting up a registry for shareholders involved in marijuana companies were among 13 amendments the government says it "respectfully disagrees" with.
Early on in the debate Monday evening, already questions came up about the resistance to allow provinces to ban home-grow.
“Given the exceptional amount of work that went in to the Senate’s study of this bill, I understand that some of these outcomes are frustrating for some. I know that some of these frustrations are rooted in deeply held policy views and personal values and that much disagreement will not end with our vote on this message, whatever its result,” Harder said.
Bill C-45 sets out the parameters for the production, possession, and sale of legal recreational marijuana for Canadians over the age of 18.
On CTV’s Power Play last week, Leader of the Independent Senators Group Sen. Yuen Pau Woo said the Senate Independents are "disappointed" the government didn’t accept its consequential changes, citing the home-grow as "important" to many of his colleagues.
Government House Leader Bardish Chagger told reporters Monday that she's hopeful Bill C-45 will pass soon.
"What we've seen in this place is that anything is possible…. Most members that want to speak on it have been able to speak on it so I believe we can find a way forward," she said.
This legislative back and forth is all that stands between Bill C-45 and royal assent. Once it passes, the government will declare the date that legalization will come into force.
On CTV's Question Period, parliamentary secretary Bill Blair said he expects the date to be sometime this September.
Neptune Announces Multi-year Agreement with Canopy Growth to Provide Extracted Cannabis Products
Source: PR Newswire (Canada)
LAVAL, QC, June 19, 2018 /CNW Telbec/ - Neptune Technologies & Bioressources Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), today announced that it entered into a multi-year agreement with Canopy Growth (TSX: WEED) (NYSE: CGC). Under the terms of the agreement, Neptune will supplement Canopy Growth's extraction, refinement, and extract product formulation capacity.
Logo: Neptune (CNW Group/Neptune Technologies & Bioresources inc.)
"We are truly excited to partner with such a great company as Canopy Growth. This multi-year agreement, including minimum volume commitments, will be supported by Neptune's decades of experience in extraction, purification and formulation of value added differentiated science-based products," said Michel Timperio, President of Neptune's Cannabis Business.
"Extract products are key to the future of the global cannabis industry and we're taking the right steps to significantly increasing our production capacity to capture this opportunity," said Mark Zekulin, President, Canopy Growth. "We were the first to introduce extract based cannabis Softgels and this agreement supports our development of a wide range of extract products to meet the demand of these growing market segments as we prepare our operations for greater product diversification."
"When combined, this significantly increased extract production capacity, coupled with extract focused research, positions Canopy Growth to meet the demand of patients and consumers in Canada and around the world. Neptune's existing throughput capacity will complement Canopy Growth's owned extraction capacity to support extraction requirements for the world's largest cannabis production platform totaling 5.6 million sq. ft.," added Mr. Zekulin.
"Today's agreement represents an important milestone in our cannabis growth strategy and validates our repositioning into larger global markets characterized by growth. Neptune has a history of producing high quality products for the natural health sector and is well positioned to apply and lever this experience to cannabis products," concluded Jim Hamilton, President and CEO of Neptune.
Through the agreement, Canopy Growth is further diversifying its production platform and driving greater integration in the growing cannabis industry in Quebec. Contributing to a robust, responsible cannabis industry within the Province continues to be a core focus for both Canopy Growth and Neptune.
About Neptune Technologies & Bioressources Inc.
Neptune is a wellness products company, with more than 50 years of combined experience in the industry. The Company develops turnkey solutions available in various unique delivery forms, offers specialty ingredients such as MaxSimil®, a patented ingredient that enhances the absorption of lipid-based nutraceuticals, and a variety of other marine and seed oils. Neptune also sells premium krill oil directly to consumers through web sales at www.oceano3.com. Leveraging our scientific, technological and innovative expertise Neptune is working to develop unique extractions in high potential growth segments such as in the medical cannabis field.
The Company's head office is located in Laval, Quebec.
Forward Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the U.S. securities laws and Canadian securities laws. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of Neptune to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement and the "Cautionary Note Regarding Forward-Looking Information" section contained in Neptune's latest Annual Information Form (the "AIF"), which also forms part of Neptune's latest annual report on Form 40-F, and which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml and on the investor section of Neptune's website at www.neptunecorp.com. All forward-looking statements in this press release are made as of the date of this press release. Neptune does not undertake to update any such forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in Neptune public securities filings with the Securities and Exchange Commission and the Canadian securities commissions. Additional information about these assumptions and risks and uncertainties is contained in the AIF under "Risk Factors" and in our MD&A for the financial year ended March 31, 2018 under "Risks and uncertainties".
Neither NASDAQ nor the Toronto Stock Exchange accepts responsibility for the adequacy or accuracy of this release.
Cision View original content with multimedia:http://www.prnewswire.com/news-releases/neptune-announces-multi-year-agreement-with-canopy-growth-to-provide-extracted-cannabis-products-300668406.html
SOURCE Neptune Technologies & Bioresources inc.
Copyright 2018 Canada NewsWire
I’m with u...go time for government!
Beautiful close
Volume jumping back in.
Senators, pass the Cannabis Act without delay | The Star
https://www.thestar.com/opinion/editorials/2018/06/13/senators-pass-the-cannabis-act-without-delay.html
Important approval. Very nice to go after indication for sleep apnea.
Starting to heat up in here.
Canopy holding gains nicely!
Nice$$$
We are in the best pot stock on the planet!!!
Well said! Holding recent gain very nicely. Next stage approaching!
Dreams continue to come true here!!!!
Let’s go to the Toppermost of the Poppermost.
Working thru the flippers nicely
Nice movement this morning.
GREEN
Yup. Volume is huge and looking good!
40s being chewed up.
Blue Sky within reach!
VOLUME
Yay!
Thanks for sharing!!!! The excitement here is contagious.
Long term holder here.
Excellent presentation. Exciting times ahead!!!
Agreed. $100 will be hit.
Canopy Rivers Announces Board of Directors and Key Additions to Management Team
Source: PR Newswire (Canada)
TORONTO, May 31, 2018 /CNW/ - Canopy Rivers Corporation ("Canopy Rivers", or the "Company") is pleased to announce its newly appointed, majority independent Board of Directors, as well as a number of strategic appointments to its management team. The appointments strongly position the Company to continue to build out its investment portfolio of companies operating throughout the global cannabis value chain.
Board of Directors and Management Team Appointments
Effective May 1st, 2018, the Canopy Rivers Board of Directors now includes two nominees of Canopy Growth Corporation ("Canopy Growth") and three independent directors. Each director boasts significant executive experience, strategic industry know-how, and a strong public company governance background, and the Board is expected to provide the Company with industry-leading guidance as it moves forward in the rapidly growing global cannabis sector.
Joe Mimran, founder of Club Monaco and Joe Fresh, a judge on Dragons' Den, and a world-renowned thought leader in merchandise, fashion, and retail, has joined the Board as an independent director.
Asha Daniere, also an independent Director, brings valuable insight as an experienced lawyer with public company experience as well as an entrepreneurial perspective in technology and media from her current role at Blue Ant Media Inc. and her previous role at Score Media Inc.
Richard Mavrinac, the third independent director, is an experienced accountant and finance professional and will provide the Company with invaluable knowledge from his prior roles as Chief Financial Officer of both Loblaw Companies Limited and George Weston Limited.
The Company has also added to its management team, further bolstering its team of experienced financial and technical professionals. Olivier Dufourmantelle (Chief Operating Officer) brings to Canopy Rivers cannabis industry operational skills developed from his years of operational experience at Canopy Growth, where he previously served as Chief Operating Officer. Eddie Lucarelli (Chief Financial Officer), previously a Vice President in the Mergers & Acquisitions group at a chartered Canadian bank, has an extensive corporate finance and business valuation background through his prior roles in the investment banking and professional services worlds. Daniel Pearlstein (EVP, Head of Business Development), previously a principal at an independent investment bank, has significant global cannabis sector experience from his years covering the industry as a top equity research analyst. Matt Mundy (General Counsel) brings to the Company significant legal experience from his prior role at a leading Bay Street law firm, where he advised clients from a variety of industries, including cannabis, on transactional and commercial matters.
The Board of Directors and management team of Canopy Rivers are supported by XIB Consulting Inc. ("XIB"), which provides business management and corporate development consultation services. XIB is a Toronto-based capital markets consulting and advisory firm with a specialization in the global cannabis sector founded by Sean McNulty and Peter Hatziioannou. With substantial mergers and acquisitions advisory, institutional equity sales, and event-driven hedge fund experience, Canopy Rivers anticipates leveraging XIB's industry experience, robust relationship network and internal support team comprised entirely of former finance professionals from both domestic and international investment banks.
As cannabis regulatory reform continues to unfold across the globe and domestic and international opportunities emerge in its wake, Canopy Rivers' qualified Board of Directors and management team are expected to position the Company to take full advantage of these opportunities and continue to add to its diversified portfolio of bespoke cannabis industry investments.
Biographies – Board of Directors
Bruce Linton (Chairman and Acting Chief Executive Officer): Mr. Linton is the founder, Chairman and Chief Executive Officer of TSX and NYSE-listed Canopy Growth and co-founder of Tweed Marijuana Incorporated. After beginning his career at Newbridge Networks Corporation, Mr. Linton has since held positions that include General Manager and Re-Founder of Computerland.ca, President and Co-Founder of webHancer Corp, and part of the establishing team at CrossKeys Systems Corporation. He was also part of the leadership team for the NASDAQ/TSX initial public offering at CrossKeys.
John Bell (Director): Mr. Bell is Chairman of Onbelay Capital Inc., a Canadian based private equity company. From 1996 to 2005, Mr. Bell was Chief Executive Officer and owner of Polymer Technologies Inc., an automotive parts manufacturer. Prior to that, Mr. Bell was founder and owner of Shred-Tech Limited, a global manufacturer and supplier of industrial shredders and mobile document shredders. Mr. Bell is a director of Canopy Growth (TSX: WEED; NYSE: CGC), Strongco Corporation (TSX: SQP) and the Royal Canadian Mint (TSX: MNT). Mr. Bell is a graduate of Western University Ivey School of Business, a Fellow of the institute of Chartered Accountants of Ontario, a graduate of the Institute of Directors Program of Canada and the owner's president program at Harvard and International marketing program at Oxford.
Asha Daniere (Director): Ms. Daniere is Executive Vice-President, Legal & Business Affairs at Blue Ant Media, a multi-platform media company. Ms. Daniere was previously the Senior Vice President and General Counsel at Score Media Inc., a formerly publicly traded sports media company. Prior to her role at Score Media, Ms. Daniere was General Counsel at Fun Technologies Inc., an Internet start-up that previously traded on the TSX and on AIM. Ms. Daniere practiced law in the United States at White & Case LLP and as in-house counsel to The Topps Company, Inc. Ms. Daniere was called to the bar in both New York State and Ontario. She received her J.D. from Tulane Law School and her B.A. from the University of Toronto.
Richard Mavrinac (Director): Mr. Mavrinac served as the Chief Financial Officer of George Weston Limited and Executive Vice President of Loblaw Companies Limited from 2003 to 2007 and is the Chair of the Audit Committee for Canopy Rivers. In 1996, Mr. Mavrinac assumed the role of Senior Vice President, Finance for George Weston Limited and Loblaw Companies Limited. Mr. Mavrinac has a Bachelor of Commerce degree from the University of Toronto and is a Chartered Professional Accountant.
Joe Mimran (Director): Mr. Mimran is best-know for creating a succession of visionary brands and retail concepts, including Club Monaco, Caban and Joe Fresh. Mr. Mimran founded Club Monaco in 1985 and in 1999 was purchased by Polo, Ralph Lauren. In 2006, Mr. Mimran founded Joe Fresh a "fast fashion" concept he created for Loblaw's and retired from in 2014. Currently he is Chairman of Gibraltar & Co Inc. a Toronto based private investment company as well as president of Joseph Mimran and Associates Inc. a branding, product development, design and sourcing company. Mr. Mimran also starred on the popular CBC show, Dragons' Den.
Biographies – Management Team
Olivier Dufourmantelle (Chief Operating Officer): Mr. Dufourmantelle was previously the Chief Operating Officer and Senior Vice President, Continuous Improvement and Strategic Expansion for Canopy Growth. Prior to joining Canopy Growth, Mr. Dufourmantelle worked in various leadership and consulting roles in Asia, Europe, and North America at Michelin Tires and McKinsey & Company. Mr. Dufourmantelle received a degree in Electrical Engineering at McGill University and an MBA from Harvard Business School.
Eddie Lucarelli (Chief Financial Officer): Mr. Lucarelli was previously a Vice President in the Mergers & Acquisitions group at TD Securities. His team provided sell-side and buy-side M&A advisory services to large and mid-cap Canadian companies. During his time at TD, Mr. Lucarelli worked on several transformative transactions in the telecommunications, media, and real estate industries. Mr. Lucarelli began his career at Deloitte LLP where he became a Senior Manager in the firm's Financial Advisory practice. He advised domestic and international clients across a variety of industries on business valuation matters for transaction, tax, audit, accounting, litigation and other purposes. During his time at Deloitte, Mr. Lucarelli also helped execute the firm's global financial advisory strategy and completed a placement in London, England. Mr. Lucarelli holds a Bachelor of Commerce from the Smith School of Business at Queen's University. He is a Chartered Professional Accountant and a Chartered Business Valuator.
Daniel Pearlstein (Executive Vice President, Head of Business Development): Prior to joining Canopy Rivers, Mr. Pearlstein was a Principal at Eight Capital and top equity research analyst covering the global cannabis sector. At the time of his departure, he was the longest tenured analyst covering the sector and held the largest coverage universe. He was the only analyst publishing on the industry since inception of the MMPR (now the ACMPR) in April 2014, and is the author of 'The Value Case For Investing In The Cannabis Industry'. Prior to Eight Capital, Mr. Pearlstein held an equity research analyst role at M Partners and established the firm's healthcare research practice focusing on small cap Canadian clinical- and revenue-stage biotechnology, pharmaceutical, and medical device companies. Before joining the sell side, he held analyst roles at a North American healthcare venture capital firm, a medical device startup, and a technology transfer incubator analyzing and reviewing opportunities in the life sciences sector. Mr. Pearlstein holds a Bachelor's Degree in Chemistry from the University of Western Ontario and a Master's Degree in Management from the University of Toronto.
Matt Mundy (General Counsel and Corporate Secretary): Prior to joining Canopy Rivers, Mr. Mundy was an associate at Blake, Cassels & Graydon LLP (Blakes), where he was an active member of the Blakes Cannabis group and regularly wrote and spoke on the latest developments in the industry. His practice at Blakes covered a wide range of corporate and commercial matters, including mergers and acquisitions, corporate reorganizations, and corporate governance. He advised purchasers, vendors and targets on domestic and international transactions, and his experience includes acting for clients in a variety of sectors, including the private equity, financial services, cannabis, and manufacturing sectors. Prior to Blakes, Mr. Mundy clerked at the Ontario Court of Appeal for Chief Justice Warren Winkler and Justice Gloria Epstein. Mr. Mundy holds a B.A. (Hon.) in Political Science and Sociology from McGill University, an M.A. in Journalism from the University of Southern California, and a J.D. (Hon., Valedictorian) from the University of Toronto.
About Canopy Rivers:
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth to identify strategic counterparties seeking financial and/or operating support and affiliation with the Canopy Growth group of companies. The result is an ecosystem of complementary and best-in-class cannabis operating companies that is representative of all the various niches in this newly developing cannabis economy. As the portfolio continues to develop, constituents benefit from opportunities to join forces with Canopy Growth and collaborate among themselves, resulting in an ideal environment for innovation, synergy and value creation for Canopy Rivers, Canopy Growth and the entire ecosystem of portfolio companies.
Notice Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Often, but not always, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget" "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved." Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company or its investee entities to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that may cause results not to be as anticipated, estimated or intended, and believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, there can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information and no assurance can be given that such events will occur in the disclosed time frames or at all. The forward-looking information included in this news release is made as of the date of this new release and the Company does not undertake to update or revise any forward-looking information this is included herein, except in accordance with applicable securities laws.
SOURCE Canopy Growth Corporation
Copyright 2018 Canada NewsWire
Nice finger upwards.
Canopy Rivers Announces Board of Directors and Key Additions to Management Team
Source: PR Newswire (Canada)
TORONTO, May 31, 2018 /CNW/ - Canopy Rivers Corporation ("Canopy Rivers", or the "Company") is pleased to announce its newly appointed, majority independent Board of Directors, as well as a number of strategic appointments to its management team. The appointments strongly position the Company to continue to build out its investment portfolio of companies operating throughout the global cannabis value chain.
Board of Directors and Management Team Appointments
Effective May 1st, 2018, the Canopy Rivers Board of Directors now includes two nominees of Canopy Growth Corporation ("Canopy Growth") and three independent directors. Each director boasts significant executive experience, strategic industry know-how, and a strong public company governance background, and the Board is expected to provide the Company with industry-leading guidance as it moves forward in the rapidly growing global cannabis sector.
Joe Mimran, founder of Club Monaco and Joe Fresh, a judge on Dragons' Den, and a world-renowned thought leader in merchandise, fashion, and retail, has joined the Board as an independent director.
Asha Daniere, also an independent Director, brings valuable insight as an experienced lawyer with public company experience as well as an entrepreneurial perspective in technology and media from her current role at Blue Ant Media Inc. and her previous role at Score Media Inc.
Richard Mavrinac, the third independent director, is an experienced accountant and finance professional and will provide the Company with invaluable knowledge from his prior roles as Chief Financial Officer of both Loblaw Companies Limited and George Weston Limited.
The Company has also added to its management team, further bolstering its team of experienced financial and technical professionals. Olivier Dufourmantelle (Chief Operating Officer) brings to Canopy Rivers cannabis industry operational skills developed from his years of operational experience at Canopy Growth, where he previously served as Chief Operating Officer. Eddie Lucarelli (Chief Financial Officer), previously a Vice President in the Mergers & Acquisitions group at a chartered Canadian bank, has an extensive corporate finance and business valuation background through his prior roles in the investment banking and professional services worlds. Daniel Pearlstein (EVP, Head of Business Development), previously a principal at an independent investment bank, has significant global cannabis sector experience from his years covering the industry as a top equity research analyst. Matt Mundy (General Counsel) brings to the Company significant legal experience from his prior role at a leading Bay Street law firm, where he advised clients from a variety of industries, including cannabis, on transactional and commercial matters.
The Board of Directors and management team of Canopy Rivers are supported by XIB Consulting Inc. ("XIB"), which provides business management and corporate development consultation services. XIB is a Toronto-based capital markets consulting and advisory firm with a specialization in the global cannabis sector founded by Sean McNulty and Peter Hatziioannou. With substantial mergers and acquisitions advisory, institutional equity sales, and event-driven hedge fund experience, Canopy Rivers anticipates leveraging XIB's industry experience, robust relationship network and internal support team comprised entirely of former finance professionals from both domestic and international investment banks.
As cannabis regulatory reform continues to unfold across the globe and domestic and international opportunities emerge in its wake, Canopy Rivers' qualified Board of Directors and management team are expected to position the Company to take full advantage of these opportunities and continue to add to its diversified portfolio of bespoke cannabis industry investments.
Biographies – Board of Directors
Bruce Linton (Chairman and Acting Chief Executive Officer): Mr. Linton is the founder, Chairman and Chief Executive Officer of TSX and NYSE-listed Canopy Growth and co-founder of Tweed Marijuana Incorporated. After beginning his career at Newbridge Networks Corporation, Mr. Linton has since held positions that include General Manager and Re-Founder of Computerland.ca, President and Co-Founder of webHancer Corp, and part of the establishing team at CrossKeys Systems Corporation. He was also part of the leadership team for the NASDAQ/TSX initial public offering at CrossKeys.
John Bell (Director): Mr. Bell is Chairman of Onbelay Capital Inc., a Canadian based private equity company. From 1996 to 2005, Mr. Bell was Chief Executive Officer and owner of Polymer Technologies Inc., an automotive parts manufacturer. Prior to that, Mr. Bell was founder and owner of Shred-Tech Limited, a global manufacturer and supplier of industrial shredders and mobile document shredders. Mr. Bell is a director of Canopy Growth (TSX: WEED; NYSE: CGC), Strongco Corporation (TSX: SQP) and the Royal Canadian Mint (TSX: MNT). Mr. Bell is a graduate of Western University Ivey School of Business, a Fellow of the institute of Chartered Accountants of Ontario, a graduate of the Institute of Directors Program of Canada and the owner's president program at Harvard and International marketing program at Oxford.
Asha Daniere (Director): Ms. Daniere is Executive Vice-President, Legal & Business Affairs at Blue Ant Media, a multi-platform media company. Ms. Daniere was previously the Senior Vice President and General Counsel at Score Media Inc., a formerly publicly traded sports media company. Prior to her role at Score Media, Ms. Daniere was General Counsel at Fun Technologies Inc., an Internet start-up that previously traded on the TSX and on AIM. Ms. Daniere practiced law in the United States at White & Case LLP and as in-house counsel to The Topps Company, Inc. Ms. Daniere was called to the bar in both New York State and Ontario. She received her J.D. from Tulane Law School and her B.A. from the University of Toronto.
Richard Mavrinac (Director): Mr. Mavrinac served as the Chief Financial Officer of George Weston Limited and Executive Vice President of Loblaw Companies Limited from 2003 to 2007 and is the Chair of the Audit Committee for Canopy Rivers. In 1996, Mr. Mavrinac assumed the role of Senior Vice President, Finance for George Weston Limited and Loblaw Companies Limited. Mr. Mavrinac has a Bachelor of Commerce degree from the University of Toronto and is a Chartered Professional Accountant.
Joe Mimran (Director): Mr. Mimran is best-know for creating a succession of visionary brands and retail concepts, including Club Monaco, Caban and Joe Fresh. Mr. Mimran founded Club Monaco in 1985 and in 1999 was purchased by Polo, Ralph Lauren. In 2006, Mr. Mimran founded Joe Fresh a "fast fashion" concept he created for Loblaw's and retired from in 2014. Currently he is Chairman of Gibraltar & Co Inc. a Toronto based private investment company as well as president of Joseph Mimran and Associates Inc. a branding, product development, design and sourcing company. Mr. Mimran also starred on the popular CBC show, Dragons' Den.
Biographies – Management Team
Olivier Dufourmantelle (Chief Operating Officer): Mr. Dufourmantelle was previously the Chief Operating Officer and Senior Vice President, Continuous Improvement and Strategic Expansion for Canopy Growth. Prior to joining Canopy Growth, Mr. Dufourmantelle worked in various leadership and consulting roles in Asia, Europe, and North America at Michelin Tires and McKinsey & Company. Mr. Dufourmantelle received a degree in Electrical Engineering at McGill University and an MBA from Harvard Business School.
Eddie Lucarelli (Chief Financial Officer): Mr. Lucarelli was previously a Vice President in the Mergers & Acquisitions group at TD Securities. His team provided sell-side and buy-side M&A advisory services to large and mid-cap Canadian companies. During his time at TD, Mr. Lucarelli worked on several transformative transactions in the telecommunications, media, and real estate industries. Mr. Lucarelli began his career at Deloitte LLP where he became a Senior Manager in the firm's Financial Advisory practice. He advised domestic and international clients across a variety of industries on business valuation matters for transaction, tax, audit, accounting, litigation and other purposes. During his time at Deloitte, Mr. Lucarelli also helped execute the firm's global financial advisory strategy and completed a placement in London, England. Mr. Lucarelli holds a Bachelor of Commerce from the Smith School of Business at Queen's University. He is a Chartered Professional Accountant and a Chartered Business Valuator.
Daniel Pearlstein (Executive Vice President, Head of Business Development): Prior to joining Canopy Rivers, Mr. Pearlstein was a Principal at Eight Capital and top equity research analyst covering the global cannabis sector. At the time of his departure, he was the longest tenured analyst covering the sector and held the largest coverage universe. He was the only analyst publishing on the industry since inception of the MMPR (now the ACMPR) in April 2014, and is the author of 'The Value Case For Investing In The Cannabis Industry'. Prior to Eight Capital, Mr. Pearlstein held an equity research analyst role at M Partners and established the firm's healthcare research practice focusing on small cap Canadian clinical- and revenue-stage biotechnology, pharmaceutical, and medical device companies. Before joining the sell side, he held analyst roles at a North American healthcare venture capital firm, a medical device startup, and a technology transfer incubator analyzing and reviewing opportunities in the life sciences sector. Mr. Pearlstein holds a Bachelor's Degree in Chemistry from the University of Western Ontario and a Master's Degree in Management from the University of Toronto.
Matt Mundy (General Counsel and Corporate Secretary): Prior to joining Canopy Rivers, Mr. Mundy was an associate at Blake, Cassels & Graydon LLP (Blakes), where he was an active member of the Blakes Cannabis group and regularly wrote and spoke on the latest developments in the industry. His practice at Blakes covered a wide range of corporate and commercial matters, including mergers and acquisitions, corporate reorganizations, and corporate governance. He advised purchasers, vendors and targets on domestic and international transactions, and his experience includes acting for clients in a variety of sectors, including the private equity, financial services, cannabis, and manufacturing sectors. Prior to Blakes, Mr. Mundy clerked at the Ontario Court of Appeal for Chief Justice Warren Winkler and Justice Gloria Epstein. Mr. Mundy holds a B.A. (Hon.) in Political Science and Sociology from McGill University, an M.A. in Journalism from the University of Southern California, and a J.D. (Hon., Valedictorian) from the University of Toronto.
About Canopy Rivers:
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth to identify strategic counterparties seeking financial and/or operating support and affiliation with the Canopy Growth group of companies. The result is an ecosystem of complementary and best-in-class cannabis operating companies that is representative of all the various niches in this newly developing cannabis economy. As the portfolio continues to develop, constituents benefit from opportunities to join forces with Canopy Growth and collaborate among themselves, resulting in an ideal environment for innovation, synergy and value creation for Canopy Rivers, Canopy Growth and the entire ecosystem of portfolio companies.
Notice Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Often, but not always, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget" "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved." Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company or its investee entities to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that may cause results not to be as anticipated, estimated or intended, and believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, there can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information and no assurance can be given that such events will occur in the disclosed time frames or at all. The forward-looking information included in this news release is made as of the date of this new release and the Company does not undertake to update or revise any forward-looking information this is included herein, except in accordance with applicable securities laws.
SOURCE Canopy Growth Corporation
Copyright 2018 Canada NewsWire
Doubt it. Undervalued currently...oversold and market becoming much more favourable.
Added volume jumping in end of day.
Wow. Looking to finish strong end of day.
Few nice buys at the end of the day. Hmm
Nice! Kudos to WEED,
https://globalnews.ca/news/4238339/marijuana-legalization-senate-committee-amendments-bill-c-45/
Marijuana legalization comes one step closer as Senate committee adds amendments to Bill C-45
Saskatchewan aims to have a comparable price to the black market when it comes to cannabis.
Saskatchewan aims to have a comparable price to the black market when it comes to cannabis.
John Locher/The Canadian Press
A Senate committee has passed more than two dozen amendments to the federal government’s cannabis legalization bill, including one that would allow provinces and territories to ban home-grown marijuana.
But the social affairs committee has refused to accept an amendment that would have prohibited home cultivation outright.
Bill C-45 would allow individuals to grow up to five plants in a single dwelling.
READ MORE: Ontario police sound alarm over perceived lack of funds for impending marijuana legalization
But Quebec and Manitoba have decided to prohibit home cultivation, setting up future legal challenges in which Justice Minister Jody Wilson-Raybould has said the federal legislation would prevail.
The Senate committee, which was conducting a clause-by-clause examination of the bill on Monday, unanimously supported an amendment specifying that provincial and territorial governments have the authority to prohibit homegrown pot if they so choose.
Among committee members supporting the amendment was Independent Sen. Tony Dean, the sponsor of the C-45 in the Senate. That suggests the amendment has the government’s blessing.
WATCH: Are employers ready for Canada’s new marijuana laws?
However, the committee rejected, by a vote of 7-5, another amendment proposed by Conservative Sen. Judith Seidman that would have imposed a blanket prohibition on home-growing across the country.
Among the other amendments passed, the committee agreed that regulations flowing from the legislation must impose a maximum potency limit on cannabis products.
It also agreed that the House of Commons and Senate should be given 30 days to review regulations before they’re implemented and that anyone fined for violating the law should have up to 60 days to pay, rather than the original bill’s stipulation of 30 days.
As well, the committee passed an amendment specifying that a permanent resident who is sentenced to six months or less for breaking the law would not face an additional penalty of being found inadmissible to Canada and deported.
READ MORE: How to sell your black-market pot experience in the new world of legalization
Most of the other amendments were technical in nature. Dean, the bill’s sponsor, proposed 29 amendments.
Just prior to the committee beginning its clause-by-clause examination, Toronto Liberal MP Bill Blair, the government’s point man on cannabis legalization, told senators that Bill C-45 is comprehensive, “thoughtfully designed” legislation that strikes a careful balance among diverse perspectives.
But Conservative Sen. Carolyn Stewart Olsen questioned that assertion, given the number of amendments proposed by Dean to correct “flaws” in the drafting of the bill.
“I don’t see that that is thoughtful or well designed,” she said.
Stewart Olsen also took issue with Blair’s contention that legalization is going to be an evolving process, requiring ongoing monitoring, consultations and modifications to adapt to changed or unforeseen circumstances.
“Do you really think that an ongoing or a work in progress is applicable in this area of extreme social change for the country? … I would have thought, if you were going to do this, you would have monitored, you would have done your studies, you would have done all of this groundwork before bringing in the legislation.”
WATCH: Liberal MP Bill Blair discusses marijuana black market during Senate Committee meeting
Black market
Blair also defended Canada’s regulations for marijuana production, saying they continue to be aimed at stopping the illicit market for marijuana in Canada.
When asked about the continuing black market in Colorado, which legalized cannabis in 2014, Blair said Colorado law enforcement helped shape regulations in Canada.
“For example, they allowed unlicensed cultivation for hundreds of plants, and we do not allow that. The only cannabis that would be available for sale in this country would be that to be produced under the strict regulatory conditions overseen and enforced by Health Canada,” Blair said.
“We did not replicate their mistakes, they shared them with us, we learned from that, and we’ve taken a very different approach.”
Dr. M-J Milloy, a research scientist with the BC Centre on Substance Use, said comparing Colorado’s approach to Canada’s is like comparing apples to oranges.
“I don’t know if you’ve ever seen the inside of the cannabis farms in Canada but they’re tremendously high-security hyper-regulated environments,” Milloy said
“It’s not the same in Colorado where basically, they’re just warehouses full of cannabis and so you could imagine that it’s much easier to divert cannabis from a factory to Colorado than I think it is here in Canada.”
*with files from Global News’ Rebecca Joseph