Alberta

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Mon
06
Apr

'People are certainly buying more': Cannabis stores attribute spike in sales to COVID-19

Legal recreational cannabis sales saw a spike in Alberta over the month of March according to some of the province's major retailers.

As the COVID-19 crisis began to hit the province, it appears as though pot smokers decided to stock up.

"We’ve seen a significant increase in sales, particularly as we entered into the COVID phase – in and around March 12 and that was sustained for about two weeks," Fire & Flower Chief Financial Officer, Nadia Vattovaz told CTV News from Toronto via video chat.

"We have since that time seen a little bit of a drop off, but it’s actually returning to pre-levels," she said.

Nova Cannabis reported a similar trend.

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.

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