Marijuana Business News

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Tue
19
Oct

Pipp Horticulture Acquires the GGS Group of Companies

pip horticulture
Pipp Horticulture (a division of Pipp Mobile Storage Systems, Inc.) (“Pipp”), the leading provider of space‐saving, multi‐level mobile cultivation systems, announced today that it has acquired the GGS Group of Companies (“GGS”). Based in Vineland, Ontario, GGS is one of the most recognized names in the Horticulture industry. They have been the leading manufacturer of top quality greenhouses and turnkey greenhouse growing solutions including traditional rolling benches, heating and ventilation systems, and curtain systems.
 
Tue
19
Oct

BC Interior bud proves best

woman holding a bag of cannabis

They are three Interior producers who use their own unique methods to make three kinds of cannabis.

And Sarah Ballantyne cannot keep it on the shelves at her locally owned and operated Spiritleaf Vernon location. Her customers want the best, and it looks like no one grows it better than those in the Thompson Okanagan region.

“It’s important to get the message out there that they’re doing such a good job with it,” Ballantyne says. “It’s definitely a different class of product compared to some of the stuff we’ve seen over and over again over the last three years. They’re really different, and I sell out almost every week of those products. I have waiting lists for them.”

Tue
19
Oct

Tilray Strengthens Leadership Position in Canada

marijuana leaf

Tilray, Inc. ("Tilray" or the "Company") (NASDAQ: TLRY; TSX: TLRY) announces the expansion of its leadership team with the appointment of Blair MacNeil as President, Tilray Canada. In his new role, Blair will drive Tilray’s next stage of growth in Canada and oversee sales, marketing, and operations across medical and adult-use cannabis businesses. Blair will report to Jim Meiers, who has been appointed to Chief Operations Officer, Tilray, Inc.

Tue
19
Oct

Cannabis Execs Talk 'Silly' Canadian Regulations, US, Expansion, The Value Of Good Partners

 Trent MacDonald, CFO of Hexo Corp (NASDAQ: HEXO), Niel Marotta, co-founder and CEO of Indiva Ltd (OTC: NDVAF) and Kevin McLaughlin, director at Centri Business Consulting, participated in a panel discussion of the ways early stage cannabis companies can translate their focused growth strategies into expanding market shares.

McLaughlin said the ability to expand cannabis product portfolios without overextending a young company is a critical balance for cannabis companies looking to gain market share.

“If you’re expanding into some of these other areas, there’s rising demand if we’re talking about edibles, beverages, candies, things like that. That area’s going to be 25% of the market in the next five years or so,” he said.

Tue
19
Oct

Canada’s Cannabis industry hasn’t been the profit maker investors were promised. Here’s how to improve it

marijuana leaf

The legal Canadian cannabis industry is about to turn 3, but don’t expect to see a lot of celebration among retailers and producers.

Legal marijuana has not turned out to be the big money maker investors were promised, neither has it produced consistently good products. Every aspect of the cannabis supply chain is a struggle: paper-thin margins; oversaturated retail; limited product innovation; lack of manufacturing efficiencies; and low brand loyalty are just a few of many problems.

Mon
18
Oct

Valens to Enter Quebec Cannabis Market in Preliminary Agreement with Province

Valens Co. said Monday that it will enter the Quebec marketplace after signing a preliminary commitment with the provincial cannabis distributor there.

The Canadian manufacturer of cannabis products said that it executed a letter of intent with the Societe quebecoise du cannabis, a subsidiary of the government-owned Societe des alcools du Quebec, for the distribution of its cannabis products in the province.

It said it expects its products to be first available in early 2022.

"This marks a significant milestone for Valens entering the third-largest cannabis market in Canada, representing approximately 15% of Canadian cannabis retail sales in the country and approximately 22% of the Canadian population," the company said.

Mon
18
Oct

Nextleaf Solutions is one to watch in Canadian cannabis, this investor says

cannabis bud

Cannabis extraction name Nextleaf Solutions (Nextleaf Solutions Stock Quote, Charts, News, Analysts, Financials CSE:OILS) has been bumping along during the past couple of years, but with its heavy IP stack in extraction and processing Nextleaf should be fun to watch. One fan of the company is Bruce Campbell, president of StoneCastle Investment, who says investors would be wise to keep an eye on the company’s numbers of the next few quarters.

Fri
15
Oct

IGNITE opts to pull out of cannabis in Canada

man smoking

The consumer packaged goods company, IGNITE International Brands, Ltd., is pulling up its Canadian cannabis stakes and is none too shy about why it feels the move is a good one: product marketing, sales and distribution restrictions.

“We applaud the Canadian government for leading the way in legalizing cannabis, but, unfortunately, there remain too many barriers to build a successful cannabis business,” IGNITE CEO Dan Bilzerian said in a statement.

Fri
15
Oct

Canadian Hemp Cigarette Maker TAAT Secures $8 Million Investment

hemp cigarettes

Vancouver-based TAAT Global Alternatives, a manufacturer of hemp-based cigarettes, has announced that it has closed an additional private placement of $8 million by a group of private investors led by Debbie Chang. Chang is the co-founder of Horizons Ventures, which serves as the venture capital arm of billionaire Hong Kong business magnate Li Ka-shing.

Thu
14
Oct

Cannabis store openings in Canada only slightly affected the number of users

people at cannabis store

Despite Canada approaching its third anniversary of cannabis legalization, some municipalities still ban licensed shops. Other countries talking about legalizing cannabis also seem inclined toward minimizing legal access. But my research suggests those policies are probably counterproductive.

Canada legalized recreational cannabis on Oct. 17, 2018. After initial product shortages eased in spring 2019, store openings and retail sales soared. Monthly sales hit $339 million in July 2021 and the national store total now exceeds 2,600.

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