Dried flower’s overall share of the regulated adult-use cannabis market in Canada waned throughout 2020 as competition from new product categories steadily increased, the latest data from Statistics Canada shows. Dried flower still dominated the market…
Author: High & Marijuana Blog | Cannabis.Net
Ontario, Alberta lead Canadian cannabis sales drop in January
Retail sales of adult-use cannabis products in Canada declined to 282.8 million Canadian dollars ($225 million) in January, 5.6% lower than a month earlier, according to the latest Statistics Canada data. Sales fell in every province and territory. Alb…
New Brunswick won’t privatize recreational cannabis sales
New Brunswick has discontinued the request for proposal (RFP) process for the privatization of recreational cannabis sales, meaning the province will retain the government-owned-and-operated store model through Cannabis NB. New Brunswick requested prop…
Why cannabis producer Organigram struck a CA$220 million deal with a tobacco giant: Q&A with CEO Greg Engel
While rival Canadian cannabis producers plowed massive amounts of capital into cultivation infrastructure, losing billions of dollars in the process, New Brunswick-based Organigram forged a different path. Organigram – which trades on the Nasdaq …
Canada to launch review of cannabis industry fee structure
Health Canada will soon embark on a review of fees collected by the federal government from cannabis companies, including studying the impact those fees have on the industry as well as the policy goals of legalization. “License holders will be engaged …
Hexo CEO: Canada’s cannabis sector ‘entering most competitive phase’
Cannabis producer Hexo Corp. reported a net loss of 21 million Canadian dollars ($17 million) for its second quarter ended Jan. 31 as its chief executive said the Canadian industry was entering its “most competitive phase” yet. Ottawa, Onta…
Ontario Cannabis Store appoints sixth president in three years, raising industry concern
The executive turntable at the Ontario Cannabis Store (OCS) is spinning again, with the provincial wholesale monopoly and online retailer about to get its sixth president in three years. The rapid executive turnover has some industry watchers concerned…
Aphria, Tilray to host April shareholder meetings about planned merger
Aphria and Tilray will host special shareholder meetings next month on the proposed merger between the cannabis producers, the companies said. The meetings will be held via live audio webcast for Aphria and Tilray shareholders on April 14 and April 16,…
Aurora Cannabis puts mammoth 1.7 million-square-foot greenhouse on the sales block
Aurora Cannabis is looking to unload one of the largest and most expensive greenhouses ever built to grow marijuana, but any potential buyer could be on the hook for additional expenditures to get the project across the finish line. The company hasn…
Mexico’s lower house approves landmark cannabis legalization bill
Mexico’s Chamber of Deputies approved a bill in general to lay the legal foundation for regulated marijuana and hemp industries, but the pending law still has hurdles to overcome and it could be years before a flourishing industry emerges. Lawmak…