Canadian marijuana retailer Nova Cannabis will bet heavily on a value strategy after combining with a competitor, signaling the continuing importance of low-priced products in the increasingly competitive Canadian adult-use market. After the deal close…
Alberta
Canadian cannabis sales slip in most provinces in November
November retail sales of recreational cannabis products across Canada fell to 261 million Canadian dollars ($205 million), 3.2% lower than in October, according to the latest data from Statistics Canada. November’s sales represent the broadest fall sin…
1-gram cannabis flower sales fell in 2020 amid pandemic, but don’t write off the small packet
Sales of 1-gram cannabis flower packages tumbled in multiple North American marijuana markets last year, likely related to consumers who shopped less often because of the COVID-19 pandemic but made larger purchases when visiting a dispensary. The shift…
COVID-19 Christmas No Plague for Cannabis Retailers
Many pot retailers in the province say the UCP’s government’s decision to designate cannabis and liquor stores as essential during the spring pandemic saved many of the fledgling outlets. Alberta’s cannabis retailers have weathered the COVID-19 storm a…
Medical cannabis registrations surge in Canada amid pandemic
The number of active medical cannabis registrations in Canada grew at the fastest pace in nearly three years during the latest quarter, defying predictions that the medical sector would fizzle after adult-use prohibition came to an end. Canada added 73…
A Third Of Canadians With Cancer Saying Yes To Cannabis: Alberta Study
The number of cancer patients using medical cannabis climbed about seven points between 2007 and 2016. About of third of cancer patients taking part in a University of Alberta-affiliated study report using medical cannabis, a percentage that climbed ab…
Canadian cannabis sales pick up pace to CA$270 million in October
Canadian adult-use marijuana sales reached 270 million Canadian dollars ($211.7 million) in October, as the pace of monthly sales growth accelerated to 5.1%. The monthly sales figures imply an annual run rate of roughly CA$3.24 billion for Canada’…
Aurora Cannabis Lays Off 30 Staff, ‘Indefinitely’ Pauses Operations At Alberta Facility
Aurora Cannabis Inc. says it is indefinitely pausing operations at one of its Alberta facilities and laying off a few dozen staff. The Edmonton-based cannabis company says the pause will occur at its Aurora Sun property in Medicine Hat, where it will l…
As consolidation hits Canadian cannabis retail, more mergers and acquisitions expected
Consolidation is picking up among Canada’s regulated cannabis retailers as recreational marijuana sales continue their upward monthly trend, with industry insiders predicting more store mergers and acquisitions. The retail M&A trend appears t…
Supply-demand imbalance grows for Canadian cannabis edibles
Makers of edible cannabis products in Canada continue to stock more goods than they’re able to sell, the latest data from Canada’s cannabis regulator shows. In August, federal license holders, provincial distributors and retailers held almost 10 millio…