Marijuana Business News

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business
Fri
24
Sep

How Jane Technologies clears the smoke and mirrors to get cannabis companies online

cannabis bud

After serving as a helicopter pilot in the army for several years, Socrates Rosenfeld turned to cannabis as a sort of meditative medicine. And in 2014, as a McKinsey analyst studying “aggregators” like DoorDash, he saw an opportunity in the budding space.

Rosenfeld told Retail Brew he predicted that in a few years “the cannabis consumer will expect to shop online.” He reasoned that the experience should be as seamless as buying groceries or shoes—a digital world where you can read customer reviews that say which sneakers run a size small and which edible knocks you out—but the industry (and the law) wasn’t quite there yet.

Fri
24
Sep

Canadian cannabis retail sales set record in July

cannabis sign

Retail cannabis sales in Canada continue to rise, with sales in July approaching $340 million, a new record.

The latest numbers from Statistics Canada show that sales have continued to climb, month over month, since March.

Fri
24
Sep

Ontario Cannabis Stores to Sell 3 New Products from THC BioMed

marijuana leaf

THC BioMed Intl Ltd. ("THC BioMed" or the "Company" is pleased to announced that 3 new THC BioMed products are to be listed and sold through the Ontario Cannabis Stores: Dragon's Lettuce dried cannabis, THC Kiss Cannabis Biscuits (Cocoa) and THC Kiss Cannabis Biscuits (Cinnamon.)

Dragon's Lettuce

We are pleased to introduce Dragon's Lettuce into Ontario. It's our most potent sativa landrace strain. It is cultivated indoors in small batches at our facility in British Columbia. Dragon's Lettuce has a minimum THC potency of 20%.

THC Kiss Cannabis Biscuits – Cocoa and Cinnamon

We are also excited to begin selling our latest offering, THC Kiss Cannabis Biscuits, in Ontario. These edibles come in two delicious flavours: Cocoa and Cinnamon.

Fri
24
Sep

Craft Hash by Tremblant Cannabis hits shelves across Toronto this month

cannabis food

Tremblant Cannabis, a subdivision of Laurentian Organic, announced its entry into the Ontario concentrates market this month. Their premium craft hash products will hit the shelves in retail locations across Ontario in partnership with The Ontario Cannabis Retail Corporation, which operates stores as Ontario Cannabis Store (OCS). 

Laurentian Organic Inc. is one of the first licensed cannabis producers in Quebec, with a leadership team boasting more than 50 combined years of cannabis industry experience. The company produces various cannabis flower and hash products. 

Interview with Eric Brosseau, Co-Founder and CEO of Tremblant Cannabis

Thu
23
Sep

The Good Shroom wins approval to sell its cannabis beverages and hash products in Quebec

cannabis bud on Canadian money

The Good Shroom Co Inc has announced that its wholly-owned subsidiary and licensed cannabis processor, operating as Seul CBD, has been approved by the Société Quebecoise du Cannabis to sell the company’s Velada wellness beverage brand and Nordique Royale hash brand in the Canadian province of Quebec.  

Good Shroom said its cannabis products are expected to be available for purchase by consumers in Quebec by year’s end.

The company noted its Velada brand produces cannabis-infused instant coffee and teas in a variety of different flavours such as matcha latte, golden milk latte, hot chocolate, and café olé, which will become Canada's first cannabis-infused coffee. 

Thu
23
Sep

Decibel Announces 27 New Upcoming Ontario Product Launches

marijuana plant

Decibel Cannabis Company Inc. (the “Company” or “Decibel”) (TSXV: DB) (OTCQB: DBCCF), a premium cannabis producer, is pleased to announce its recent success in the Ontario product call as well as upcoming Ontario product launches with 27 new product introductions over the coming months. (As Originally Seen on technical420)

Thu
23
Sep

SpeakEasy Announces Strategic Plan to Release Multiple Consumer Brands Over the Next 12 Months

woman rolling cannabis cigarette

SpeakEasy Cannabis Club Ltd. (CSE: EASY) (Frankfurt: 39H) (the "Company" or "SpeakEasy") a holder of a federal licence to cultivate, process, and sell cannabis under the Cannabis Act is pleased to announce it has created a strategic plan to release multiple consumer-facing brands over the next 12 months. The brands will represent SpeakEasy's agricultural foundation and core principles - product quality, respecting the culture and achieving a competitive price point that will rival our competitors and the black market.(1)

Wed
22
Sep

BC’s Jima Cannabis rolls into Ontario, acquiring High Tea brand and stores

marijuana leaf

Jima Cannabis (“Jima”), a BC-based, recreational cannabis retail brand with one store in Abbotsford, B.C., and four more opening soon in the province, has made a big splash by acquiring Ontario-based retailer, High Tea Cannabis Co. (“High Tea”). With AGCO approval of the deal through parent company T-CANN Retail Ltd., Jima is now a multi-location, national cannabis brand with a rapid expansion plan and a dynamic franchise and affiliate model.

Wed
22
Sep

Leading Cannabis Innovator Sees 50% Growth in a Busy September

warehouse

In mid-September, the innovator of ethnobotanical and cannabis science products recorded a preliminary unaudited provincial wholesale sell-through in August 2021 of nearly $1.7 million.

This represents a 27% increase over the prior three-month average and puts year-to-date brand sales for the first eight months of 2021 at approximately $8.7 million compared to $6.7 million for all of 2020.

Driven by product line extension, new market expansion, and effective consumer marketing, the company noted that the wholesale sales for its retail brand, Phyto Extractions brand had reflected a strong affinity f or its products by Canadian consumers and retailers across the country.

Wed
22
Sep

Canada's Aurora Cannabis to shut down a facility in Edmonton

marijuana leaf

Aurora Cannabis Inc said on Tuesday it will shut down a facility in Edmonton, Alberta, adding to the woes of the cash-strapped Canadian pot producer which has been reeling under the impact of the pandemic since last year.

The company said medical distribution from the Aurora Polaris facility that is being shut down will move to an adjacent factory called Aurora Sky, while manufacturing will move to its Aurora River factory in Ontario.

"We aspire to be a leaner, more agile organization that keeps pace with our competition and is on a path to profitability," a spokesperson for the company said in an email statement.

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