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Mon
09
Mar

Ontario Cannabis Store generated $4.3 million in sales from cannabis 2.0 products in January

The Ontario Cannabis Store generated approximately $4.3 million in sales from cannabis 2.0 products last month, according to a statement issued by the provincial retailer Friday afternoon. 

$3.77 million came from sales of vape products and an additional $569,000 was generated from sales of edibles for the month of January. 

The figures included sales to retailers across the province and online sales through OCS.ca. 

“Every new product we introduce, every price drop we make and every authorized retail store that opens strengthens the legal marketplace,” says Cheri Mara, chief commercial officer at the OCS. 

There are currently 43 cannabis stores in Ontario, according to the latest update from the Alcohol and Gaming Corporation of Ontario. 

Mon
09
Mar

Ontario Cannabis Store finally releases its annual report… and strategic objectives

Better late than never.

At long last, the Ontario Cannabis Store (OCS) has released its annual report, albeit almost a year after the conclusion of the fiscal year that it covers.

The report details the Crown corporation’s “formative actions, financial performance and significant accomplishments” from Apr. 1, 2018 to Mar. 31, 2019 — about six months before adult-use cannabis became federally legal and six months after, respectively.

Mon
09
Mar

St John’s Canopy Growth facility 'full steam ahead' despite B.C. closures

Despite the recent closures of two B.C. facilities that resulted in the loss of 500 jobs, Newfoundland and Labrador’s Minister of Tourism, Culture, Industry and Innovation says that Canopy Growth is still moving “full steam ahead” with its planned facility in St John’s, Vocm reports.

Fri
06
Mar

An Investor’s Guide to Cannabis and Hemp

Despite numerous challenges that constantly throw this industry on its head, there are many opportunities to make worthwhile investments in cannabis and hemp – and as it becomes increasingly mainstream, these opportunities will grow in abundance and fiscal potential.

Science and pharmaceuticals, engineering of new equipment, marketing, distribution, farming and more, the potential for a rewarding investment (or investments) in the cannabis and hemp sector is infinite. Investors need to remember that market research is the key to making informed financial decisions.

Fri
06
Mar

What a success! Ontario received 450 pot shop applications on first day

Retailers are wasting no time in trying to get a piece of Ontario’s pot pie.

The province received a whopping estimated 450 Retail Store Authorization (RSA) submissions on March 2, the first day Ontario began accepting the applications, Marijuana Business Daily reports.

After two highly-contested and much-criticized lotteries, Ontario is embracing an open-market system of store allocation.

Fri
06
Mar

Why Alberta continues to lose money on legal cannabis

Albertans are among the biggest consumers of legal cannabis in Canada but it may still be several years before the provincial government turns a profit in the industry. 

The Alberta government is expecting to lose around $26 million in the 2019-20 fiscal year and will continue to be in the red the next three years, due to setup, administration and inventory costs. The 2020-21 fiscal year is expected to be even more in the red, with a net loss of $36 million. 

The province wasn't expecting to make money in the first two years; even the previous NDP government had projected to lose about $90 million until 2020-21 when the province expected a net income of $37 million.

Fri
06
Mar

5 Ways To Play The Cannabis 2.0 Rollout In Canada

Read entire article here.

One of the most significant themes of the cannabis industry is related to Canadian market and the rollout of new products. This opportunity is being referred to as cannabis 2.0 and we believe that this represents a major growth opportunity for companies that are levered to it.

Fri
06
Mar

Canopy Growth's B.C. shutdown shows stress in greenhouse cannabis sector

Thu
05
Mar

CAFE joins Canadian Cannabis Retailers Union (CCRU) and Affirms Commitment to Responsible and Forward-Looking Cannabis Retailing

Cannabis And Fine Edibles (CAFE), Ontario's largest independent cannabis retailer, today announced that it has become a member of the Canadian Cannabis Retailers Union (CCRU; www.ccru.ca), the country's preeminent cannabis retail industry association. As a member of the CCRU, CAFE commits to upholding the highest standards of responsible cannabis sales and employee education and training. 

Specifically, CAFE and other CCRU retail members are required to implement the following measures to ensure they operate safe stores which are both consumer friendly and respect surrounding communities:

Wed
04
Mar

How To Get Foreign Investment In Your Cannabis Company

As business grows for the legalized cannabis industry in America so can foreign investment. Yet the nuances of America’s growing cannabis industry can present obstacles that investors need to be aware of before jumping into the legalized marijuana space. It’s equally important for anyone looking to work with foreign investors to also be aware of these roadblocks. By understanding them—and the possible workarounds —you can unlock untapped investor money.

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