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January 25-27

Regulated recreational marijuana sales in Canada grew modestly between April and May for the third month straight, reaching a milestone of 313.3 million Canadian dollars ($248.8 million).

National sales were up by 2.3% over April’s record figure, according to figures released Friday by Canadian government data bureau Statistics Canada.

April’s sales total was adjusted downward slightly to CA$306.3 million.

An agreement between one Quebec-based First Nations territory and Health Canada looks to establish new cannabis regulations that could usher in fresh investment and opportunity for Canada’s Indigenous communities.

The Mohawk Council of Kahnawà:ke announced on Monday that it signed a memorandum of understanding with Health Canada that will create a licensing regime alongside the territory’s cannabis laws which will allow businesses to pursue cannabis cultivation and processing licences.

As we previously suspected, it appears that all the money in the world evidently can’t always bring you the answers, or solutions, you need. Despite hundreds of millions of dollars being thrown at the cannabis-infused beverage space in Canada, neither Canopy Growth (TSX: WEED) (NYSE: CGC) nor Hexo Corp (TSX: HEXO) (NYSE: HEXO) with their high profile beverage alcohol partners were the first to market with an infused beverage. That title, by all accounts, appears to be going to that of The Valens Company (TSXV: VLNS).

Valens First To Canadian Market With Ready To Drink Cannabis Beverage