Alberta

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Tue
31
Mar
Fri
27
Mar

Aurora Cannabis donates hundreds of N95 masks, looks to contribute further to fight COVID-19

Alberta Health Services (AHS) has received hundreds of N95 respirators from Aurora Cannabis as the Alberta-based company looks at how it can best fight COVID-19.

Rick Savone, Aurora’s senior vice-president of global government relations, said the company has donated 200 of the much-needed face masks for AHS to use as they want. He believes they will be used to directly support frontline health-care workers.

“We’re part of the community in Edmonton and in communities across Canada and we’re as concerned as anybody about what is going on and feel we need to do our part,” said Savone.

Thu
26
Mar

Where to buy weed during the COVID-19 pandemic

Approximately 4,000 times these past two weeks, I’ve thanked my lucky stars cannabis was legalized before the COVID-19 pandemic swept the globe and sent us all cowering in our bong dens.

Fri
20
Mar

Edmonton police bust cannabis websites, online vendors evade rules

Edmonton police are taking their fight against illegal cannabis online, but some sellers are still evading the rules.

Police say they have begun taking over more than 100 domains for websites selling illegal cannabis this week. Websites display a message indicating the domain has been seized and asking visitors with information to contact police. Recreational cannabis can only be legally purchased online from Alberta Gaming, Liquor and Cannabis (AGLC) in this province.

At least one vendor seems to have circumvented the shutdown. Getkush.ca was seized by police this week, but a post on the company’s Facebook page indicates it changed its domain on Monday. The new website is still active.

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.

Thu
05
Mar

Hifyre Digital Cannabis Platform Announces Successful Launch of Spark Fastlane Service in Fire & Flower Ontario Stores

Fire & Flower Holdings Corp. and its wholly-owned subsidiary Hifyre™ Inc., announced the successful launch of the Spark Perks™ Fastlane™ "click-and-collect" service in Fire & Flower Ontario store locations in Ottawa and Kingston.

Click-and-collect online cannabis ordering and pickup services recently became permissible as a result of a change in the Ontario regulations earlier this year.

Thu
05
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.

Tue
03
Mar

Westleaf Inc. Officially Rebrands as Decibel Cannabis Company Inc.

Westleaf Inc announces today that following the filing of Articles of Amendment with the Alberta Corporate Registry on March 1, 2020,  the Company is now named and will be operating as Decibel Cannabis Company Inc. The comprehensive rebrand marks a new chapter in the evolution of the organization and brings together the Westleaf and We Grow businesses under one name, shared vision, and a visual brand identity that reflects our mission to define the ultimate expression of cannabis.

Mon
02
Mar

Alberta was the shining green light for weed sales, yet legalization was a financial bust

Alberta has been celebrated as the country’s fastest-growing cannabis market as the nascent industry continues to climb out of the shadows and into the mainstream.

The Sunshine Province led the nation in sales in the first year of legalization and it continues to outpace every province in retail operations. Currently, there are more than 400 cannabis retail stores in Alberta, compared to less than 40 in Ontario.

Alberta has also attracted significant investment from some of the country’s largest licensed producers, including Aurora, which moved to Medicine Hat in 2018 with plans to build the world’s largest cannabis greenhouse.

Fri
28
Feb

Tilray taken to court after it ends $110M deal for Alberta pot retailer

A legal fight has emerged after Tilray Inc.’s deal to buy 420 Investments Ltd. for $110 million was terminated last week, with the Alberta-based retailer suing the Canadian cannabis producer for breach of contract and accusing it of dragging its feet on the deal following a “change of heart”, according to documents obtained by BNN Bloomberg.

Tilray announced its plan to buy the retailer, which currently operates 11 Four20 Premium Market cannabis stores in Alberta and is also known broadly as Four20, in late August for $110 million in a cash and stock deal. The deal – which occurred after five months of negotiations between the two companies – included $40 million in Tilray promissory notes based on future store openings, according to the statement of claim.

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