Residents of Canada’s biggest province by market size are buying more and more cannabis from the legal market, says the Ontario Cannabis Store (OCS) in a new quarterly report. Legal cannabis comprised 36.2% of all marijuana purchases in Ontario f…
Canada retail sales
Cannabis retailer Fire & Flower reports net loss on growing revenue
Fire & Flower Holdings Corp., a major Canadian marijuana retail chain, reported 33.1 million Canadian dollars ($26 million) in revenue for the quarter ended Oct. 31. The retailer’s third-quarter income represents 15.8% revenue growth over the…
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…
Canadian legal marijuana sales exceed CA$256 million in September
Canadian sales of regulated cannabis reached 256.3 million Canadian dollars ($196.4 million) in September, a 1.85% increase over August’s sales as the pace of monthly growth slowed. Statistics Canada’s September’s cannabis sales figur…
Canadian cannabis sales grow to nearly CA$245 million in August
Canadian sales of legal adult-use cannabis grew by 5.2% from July to August, reaching a monthly total of 244.9 million Canadian dollars ($186.9 million). The monthly record for Canadian marijuana sales implies an annualized market worth more than CA$2….
Cannabis NB posts CA$3.3 million quarterly profit as privatization review continues
Cannabis NB, the government-owned marijuana retail monopoly in the Atlantic Canadian province of New Brunswick, has posted a third consecutive positive quarter with profits of 3.3 million Canadian dollars ($2.5 million). Meanwhile, a delayed government…