Canadians looking to enjoy soon-to-be-legalized pot-infused edibles could get hit with higher insurance premiums depending on the size of their appetites.

The U.S. Securities and Exchange Commission has suedOntario-based Kik Interactive Inc. for conducting an "illegal" US$100 million securities offering of digital tokens.

Aphria Inc.'s first full quarter of sales since the legalization of recreational cannabis fell short of investor expectations after the company posted a steep quarterly loss, a $50-million impairment charge related to its Latin America operations and announced that Green Growth Brands had dropped its hostile takeover offer.

Canada's biggest banks are set to report on what has traditionally been the strongest quarter of the year, but market volatility and slower mortgage growth during the period could weigh on their latest results.

The densely populated Ontario municipalities that have said no to cannabis stores are a "painful haircut" to pot retailers' expectations, but some remain optimistic that some cities will give them the green light down the line, industry players say.

Royal Bank of Canada reported a 15 per cent increase in fourth-quarter net income to $3.25 billion, surpassing analyst expectations to mark a new record annual profit of $12.4 billion.

Cannabis producer Aurora Cannabis Inc. reported a surge in revenues between July and September, and "strong" recreational pot sales since Canada legalized marijuana for adult use last month.