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Canadian recreational cannabis sales rise in October to CA$448.6 million

Canadian sales of recreational cannabis rose to 448.6 million Canadian dollars in October ($336 million), marking a small increase from the previous month and a 15% increase over the same period last year.
Canadian recreational cannabis sales rise in O…

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Cannabis pop-up stores coming to Alberta trade shows, festivals

The Canadian province of Alberta is revamping its regulations to allow cannabis retailers to operate temporary stores at age-gated events such as trade shows and festivals starting next year.
Cannabis pop-up stores coming to Alberta trade shows, festiv…

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Cannabis producer Organigram reports CA$248 million loss, massive excise bill

Canadian cannabis producer Organigram reported a loss of 248.6 million Canadian dollars ($185 million) in the 2023 fiscal year, postponed its free cash flow guidance and appointed a permanent chief financial officer.
Cannabis producer Organigram report…

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Cannabis producer Canopy sells skin care unit to Inspirit Capital for CA$15.9M 

Cannabis producer Canopy Growth has completed the sale of its This Works skin care and wellness unit to United Kingdom-based Inspirit Capital for 9.3 million pounds (15.9 million Canadian dollars).
Cannabis producer Canopy sells skin care unit to Inspi…

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‘Cannabis 2.0’ products dent Canada’s dried-flower market

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…

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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…

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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…

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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 …

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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 …

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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…