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Ontario Cannabis Store CEO: More stores needed in underserved markets

The chief executive of the Ontario Cannabis Store (OCS) said growing regulated recreational marijuana sales in Canada’s most-populous province depends on more brick-and-mortar stores opening in certain communities. OCS President and CEO Thomas Ha…

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Marijuana and CBD retailer High Tide posts higher revenue of CA$24.9 million

High Tide, a Canadian cannabis retail chain that also sells CBD and marijuana accessories in the United States, reported revenue of 24.9 million Canadian dollars ($19.7 million) for its fourth quarter ended Oct. 31. Total revenue for High Tide’s …

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Canada tallies CA$2.6 billion in cannabis sales for 2020, up 120% over 2019

Canadian sales of legal recreational cannabis totaled 2.6 billion Canadian dollars ($2.08 billion) in 2020, as December sales increased from a relatively sluggish November. Licensed marijuana retailers across the country sold CA$298.4 million worth of …

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How Canadian retailer Nova Cannabis plans to profit from shift to Value Buds brand

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…

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Canada’s race for low-cost legal marijuana reaches derivative ‘Cannabis 2.0’ products

Low-priced cannabis has changed the face of Canada’s regulated marijuana industry over the past year, with many producers launching value flower brands at competitive prices. Now, that low-cost trend is arriving for marijuana-derivative products,…