Marijuana Business News

Synonyms: 
stocks
business
Fri
01
Oct

Manitobans stocked up on liquor, cannabis in pandemic's 1st year

The first year of the COVID-19 pandemic saw a big increase in alcohol and cannabis sales in Manitoba — but casino revenues plummeted. 

In the 2020-21 fiscal year, liquor sales increased 11 per cent from the year before, to $886 million — a jump Manitoba Liquor & Lotteries attributes in part to stay-at-home orders that kept Manitobans close to their fridges, the Crown corporation's latest annual report says.

As well, cannabis revenues jumped by 56 per cent to $80.2 million in 2020-21, a significant jump from $51.5 million in 2019-20.

Fri
01
Oct

Rapid Dose Therapeutics Receives Cannabis Sales License from Health Canada

doctor

Rapid Dose Therapeutics Corp. ("RDT" or the "Company") (CSE: DOSE), a Canadian biotechnology company revolutionizing drug delivery through innovation, today announced the successful receipt of their cannabis sales license from Health Canada following a rigorous application and inspection process. This is in addition to the micro-processing license received November 15, 2019 which has allowed RDT to offer white-label products to multiple Canadian producers.

Fri
01
Oct

Choom Cannabis Co. Announces Hamilton Store Opening

one of Canada’s leading recreational cannabis retailers, is pleased to announce the launch of its latest retail store in Hamilton, ON (2190 Rymal Road East, Unit E-01, Hamilton, ON, L0R 1P0, Canada).

“Today marks the opening of our 3rd location in Ontario, another milestone for the brand”

Choom continues its national retail store expansion with its latest Ontario store. The brand now has 17 operational retail locations across Alberta, Ontario, and B.C. Today’s announcement follows the August opening of the company’s Flagship location in Toronto’s Liberty Village and has plans to open additional locations in B.C. and Ontario over the next few months.

Thu
30
Sep

Rising Natural Wellness Momentum Fuels Cannabis Market

cannabis bud

It should come as no surprise that one of the strongest trends in the health care space is the rising wave of natural wellness and natural alternatives categories. While the COVID-19 pandemic may have accelerated the momentum, the movement had begun well before people around the world were sent home, where self-care and well-being became watch words. A natural extension of this focus on self is cannabis, as growing research seems to support the potential benefits this natural plant may provide. Dubbed cannabis 3.0, the next phase of cannabis market maturation features exciting innovation, high-quality offerings and growing investor interest in a space with seemingly unlimted potential.

Thu
30
Sep

Aurora Cannabis Launches its First Medical CBD Product in Uruguay

woman with jars of cannabis

Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, has launched Bidiol, the first medical cannabis oil in Uruguay that is wholly produced domestically. The CBD oil is available in 3% and 10% concentrations and comes in 10mL and 30mL bottles, available in pharmacies across the country.

Thu
30
Sep

High Tide Becomes First Non-Franchised Canadian Cannabis Retailer to Surpass 100-Store Milestone

100 sign

High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a retail-focused cannabis company enhanced by the manufacturing of proprietary and licensed consumption accessories, announced today that its Canna Cabana retail cannabis stores located at 4140 Walker Road in Windsor, Ontario, and 960 Brookdale Avenue in Cornwall, Ontario, have begun selling recreational cannabis products for adult use. These openings bring High Tide’s total number of branded retail locations across Canada to 101, and 30 in Ontario, selling recreational cannabis products and consumption accessories. With the opening of these locations, the Company has launched eight organically-built stores in the month of September alone.

Wed
29
Sep

Tweed is closing 2 of its N.L. stores. Here's what's happening behind the scenes

Two Tweed locations in Newfoundland are closing after Cannabis NL — the recreational marijuana regulator of the Newfoundland and Labrador Liquor Corporation — optioned their expiring licences to competing company Atlantic Cultivation. 

The two affected locations are the shops on Water Street in St. John's and Broadway in Corner Brook. 

The NLC told CBC Radio's On The Go in an emailed statement the licences associated with the Water Street, Kenmount Road, and Corner Brook Tweed locations were part of Canopy Growth's production agreement with the province signed in 2018. Canopy Growth is the parent company of Tweed.

But production never took off.

Wed
29
Sep

Canada’s marijuana legalization provides lessons to the world on selling cannabis

In October 2018, Canada became the first G20 country to legalize the recreational use of cannabis. Over the past three years, the province of Ontario — to name just one Canadian jurisdiction — has moved away from having a significantly under-serviced retail market to one that is heavily saturated.

The Cannabis Act (Bill C-45) provided the rules and regulations around the production, distribution, sale and possession of cannabis. However, there are significant differences in each province’s and territory’s retail framework — private, public or hybrid — and the legal age for consumption, purchasing options and personal possession limits.

Wed
29
Sep

New pot shop proud of its Sudbury, Ont. roots

people standing outside a cannabis shop

Three local entrepreneurs are getting ready to take the cannabis industry by storm as they prepare for the official grand opening of their homegrown pot shot in early October.

Chad O’Reilly, Kosta Janicijevic and Bob Lamoureux founded Grassroots Co. three years ago with the goal of becoming the best cannabis retail store in Sudbury. (Photo by John Lappa, Sudbury Star)

Although it’s been a bumpy ride navigating Ontario’s early cannabis lottery system and the COVID-19 pandemic, the owners are eagerly putting the finishing touches on their rustic, earthy storefront that showcases their pride in the local community.

Wed
29
Sep

Hemp acres in recovery

farm field

Three years ago, hemp looked like it was getting set for a rocket ride.

Riding a contact high from the frenzy of attention around cannabis legalization, it looked like new markets ranging from health and wellness nutraceuticals to sustainable building materials were about to take off.

That was good news for a crop that, at least in Manitoba, was at the time being predominantly grown for grain.

Pages

Subscribe to RSS - Marijuana Business News