Connect with us

Health

Medical Cannabis Continues to Surge in Canada

Published

 on

The cannabis sector has grown steadily ever since legalization, a trend that is poised to continue as acceptance and access increase. According to Data Bridge Research, the global medical cannabis market is projected to grow annually at a rate of 18% until 2028.

While the US leads in growth in this category, Canadian companies are legally allowed to list on US stock exchanges and vice versa. Those looking to invest in Canadian companies dealing in medical cannabis and related products need to know the big players and most recent developments in the industry.

Medical Cannabis by Shoppers

The latest play by Medical Cannabis by Shoppers is a big event on the Canadian cannabis scene. Loblaw Companies Limited, the parent company of Shoppers Drug Mart, is Canada’s largest grocer, while Shoppers Drug Mart is the country’s largest pharmacy chain.

These giants have the know-how and expertise to give medical patients professional levels of support throughout their journey. Patients contact Medical Cannabis by Shoppers to receive a medical consultation, and a medical document, which grants them access to a wide range of brands and products.

Given the seamlessness of the mail ordering process, Medical Cannabis by Shoppers Drug Mart is well-positioned to serve Canadian markets. This tailored medical cannabis experience is tax-deductible and may be eligible for coverage under some insurance plans.

Shoppers Drug Mart is a publicly traded company whose stock has risen over the past year and entering the medical cannabis sector isn’t likely to stop this momentum.

Recreational Cannabis Carries Risks for Investors

It seems like every third storefront sells recreational cannabis in cities across North America, but the number of competitors and the changing regulations make it difficult to predict who will be the winners and losers. Like any start-up in a new and growing market, there are inherent risks.

In this context, some firms recommend investing in companies catering to the medical cannabis sector with a proven track record, a broad sales base, and a strong brand. Lack of profitability in the recreational cannabis sector is a major factor; Canada’s largest recreational cannabis company is expected to close more than $550 million in sales for 2021, yet earnings are expected to be negative because they invest heavily in production capabilities.

Medical Cannabis has Room for Growth

The medical cannabis sector is relatively small compared to the $34.3+ billion Canadians spent on pharmaceuticals in 2019. However, the number of patients has grown significantly in the past few years, surging to 292,399 in March 2021. In June 2015, there were only about 24,000, a more than ten-fold increase.

There is no reason to suspect this trend won’t continue.

Thankfully, the stigma around accepting cannabis as a legitimate form of medicine is fading, and more doctors are willing to authorize it for patients to treat a wide range of conditions. With big Canadian players entering the medical cannabis space and considerable financial risks associated with recreational cannabis, look for the former to continue growing.

Credit: Tara Winstead via Pexels

Health

No new Covid-19 cases reported in Northwest Territories – Cabin Radio

Published

 on



Advertisement.


The NWT on Friday reported no new cases of Covid-19, only the third day of reporting to come back blank since the territory’s latest Delta-variant outbreak began in mid-August.

The active case count across the territory dropped from 42 to 35. Twenty-eight are in Tuktoyaktuk – which now has a rabies warning to contend with – while four are in Yellowknife and one each in Inuvik, Norman Wells, and Hay River.

There was no change to the number of hospitalizations, intensive care admissions, or deaths.

Advertisement.

Meanwhile, the World Health Organization on Friday dubbed the globe’s latest variant of concern Omicron.

Omicron, identified in South Africa, has a large number of mutations. Early evidence suggests it could be significantly more transmissible than Delta and present an increased reinfection risk.

However, the amount of evidence related to Omicron is low. The variant was only identified last week and the number of cases studied to date numbers in the low dozens.

Some countries, including Canada, moved swiftly on Friday to impose travel restrictions on South Africa and neighbouring nations.

Advertisement.

Canada currently has no direct flights to or from the affected region, but nevertheless banned the entry of all foreign nationals who have travelled through South Africa, Mozambique, Namibia, Zimbabwe, Botswana, Lesotho, or Eswatini in the past 14 days.

Some observers criticized the rush to travel bans, arguing South Africa was in effect being punished for operating a particularly effective variant surveillance program.

Advertisement.

Adblock test (Why?)



Source link

Continue Reading

Health

Kids on P.E.I. receive first vaccinations against COVID-19 – CBC.ca

Published

 on


One hundred and thirty children in P.E.I. received the COVID-19 vaccine on Friday — the first day the shot was available to five to 11-year-olds.

A pediatric vaccine clinic was held at the County Fair Mall in Summerside, P.E.I.

“I think it’s important because it can help protect others,” said 10-year-old Alex DesRoche. “I was worried that I’d get COVID and spread it to my papa … because he has cancer.”

Her mom, Robin DesRosche, is happy to have gotten her daughter vaccinated. 

Robin DesRosche (left) stands with her daughter Alex. DesRosche says it’s a relief to get her daughter vaccinated. (Steve Bruce/CBC)

“At any point in time, something can weigh in on your family and if you can do anything to try to prevent it, as a parent, I would,” said DesRoche. 

There are 13,000 kids in the five to 11 age group in the province, and 2,500 have appointments booked so far. 

Madeline Goguen, 10, said she was a little nervous to get the shot, but in the end, she said it didn’t hurt and was well worth it. 

“I’m excited because it’s been a while since I’ve gone on vacation,” Goguen said. “It was just quick. It was a tiny pinch and that was it.”

Getting the vaccine will make going to see her dad in New Brunswick less stressful, she said. 

“Every time that I had to get tested I was always worried,” said Goguen.

Her mother, LeAnne Weeks, shares that sense of relief.

LeeAnn Weeks (left) gives a thumbs up next to her daughter Madeline Goguen. Weeks says getting vaccinated is the right thing to do. (Steve Bruce/CBC )

“Now that Madeline is done, that’s our whole family, and we’re just excited that we feel safe now,” Weeks said. 

The clinic has been set up just for kids and other community clinics will be too. With decorations from the movie Frozen and a free toy with every shot, it’s about making the kids feel more comfortable. 

“I think kids and adults too are a little bit nervous about coming and getting needles, even if they know they really want it, and need it,” said Marion Dowling, chief of nursing on P.E.I. 

“We just want to make it as welcoming as possible, and try to give them a bit of privacy with the stations, so they can sit as a family unit, and have the conversation, ask any questions they might have too, and be comfortable.” 

PEI’s chief public health officer made an appearance at the clinic on Friday. Dr. Heather Morrison said she’s pleased to see so many parents booking shots for their children. 

Chief of nursing Marion Dowling says more than 1,000 appointments were booked when vaccine registration for children opened on Tuesday. (Steve Bruce/CBC)

“I almost got goosebumps in there. There are children who are excited, there are parents who are that excited. Just to be a part of it was pretty special” Morrison said. 

In a survey by the province, about 70 per cent of parents said they would get their child vaccinated, while others said they were undecided. 

Morrison said she thinks word of mouth will convince many of them to sign up. 

“We know it can influence others if we know that your friends have booked their vaccine,” she said.

“I saw children here today wearing stickers saying, ‘I got my COVID vaccine.’ They will start talking amongst their friends that ‘I got mine, and it feels good.'”

Dr. Heather Morrison says she is getting her kids vaccinated. (Steve Bruce/CBC)

Five community clinics across P.E.I. are currently offering the vaccine for five to 11-year-olds. 

In the new year, the plan is to set up school clinics for kids in grades four to six. 

Adblock test (Why?)



Source link

Continue Reading

Health

UK COVID genomics head says new variant likely to come to UK

Published

 on

It is likely that the new coronavirus variant B.1.1.529, which is spreading in South Africa, will end up in Britain, the head of the COVID-19 Genomics UK Consortium said on Friday.

A ban on flights from southern Africa came into force in Britain on Friday, and numerous other countries also restricted travel from the region.

“(B.1.1.529 is) something that I would guess is likely to be transmitted into the UK at some point, but it buys that time,” COG-UK Chair Sharon Peacock told reporters.

“I think buying time is important and it’s worthwhile, because we can find out what we need to know about that particular variant.”

Speaking at a briefing with other experts, Peacock praised the quick work of South African scientists who shared what they knew about the variant after a surge in cases centred on Gauteng province.

That early warning could be crucial in preventing the variant taking over rapidly from the Delta variant as the world’s dominant one, even as South Africa bristles at the swift imposition of barriers to travel.

“This is a different circumstance than Delta, and there might be some hope for maybe some amount of containment,” said Jeffrey Barrett, Director of the COVID-19 Genomics Initiative at the Wellcome Sanger Institute.

“The difference really is that the surveillance was so good in South Africa and other nearby countries that they found this, understood that it was a problem, and told the world extremely fast.”

S-GENE CLUE

Peacock said it was important not to assume that the variant had arisen in South Africa just because it had been detected there.

“Variants will fly under the radar in countries where there’s no sequencing capability,” she said.

A distinctive trait known as an “S-gene target failure”, which distinguishes the new variant from Delta, means that PCR tests can give a clue to the presence of the new variant without full genomic sequencing.

However, Wendy Barclay, a virologist who leads the UK National Virology Consortium G2P-UK, cautioned that some other variants also had the trait.

Many parts of Europe have been struggling with high and rising COVID rates for weeks, but Barrett said these were unlikely to be driven by B.1.1.529, even in places with less sequencing.

“They are consistently finding a mix of Delta variant, basically,” he said.

(Reporting by Alistair Smout; Editing by Kevin Liffey)

Continue Reading

Trending