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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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Hexo strikes deal to acquire Zenabis for CA$235M, eyes European cannabis market

Ottawa, Ontario-headquartered cannabis producer Hexo Corp. on Tuesday entered a definitive arrangement agreement to buy struggling competitor Zenabis Global for 235 million Canadian dollars ($185 million) in stock. The proposed acquisition of Vancouver…

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Ontario accelerates cannabis store licensing to 120 per month

The cannabis store regulator in Canada’s single largest recreational marijuana market has once again increased the pace at which it issues store licenses, from 20 per week to 30 per week. The change took effect Tuesday, said the Alcohol and Gamin…

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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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Super Bowl Champ Marshawn Lynch Launches Line Of ‘Diamond Concentrate Infused’ Blunts With Assist From Toronto Company

The blunts contain THCA crystalline ‘diamonds,’ a cannabis concentrate. Marshawn Lynch’s latest venture is ‘Dodi Blunts,’ a new line of cannabis products that will be available in Oakland next month. Packed in slow-burning palm leaf wraps, the blunts a…

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Woodstock Welcomes First Cannabis Dispensary – With More On The Way

More than two-and-a-half years after cannabis legalization in Canada, Woodstock’s very first legal pot shop opened last week. Woodstock Cannabis – owned by Jeremy Guerra and managed by sister-in-law Britney Guerra – opened at 579 Dundas St. “We wanted …

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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…

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Ontario cannabis stores can still offer pickup, delivery during lockdown

Brick-and-mortar cannabis stores in Canada’s largest recreational marijuana market are still permitted to offer home delivery and curbside pickup during a government stay-at-home order, although their operating hours have been restricted and cons…

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Canopy boosting Ontario presence with nine new Tokyo Smoke stores

Canopy Growth plans to open nine new cannabis stores in Ontario in January under its Tokyo Smoke brand, growing its retail presence in Canada’s largest adult-use marijuana market, the company announced Friday. Canopy currently has 13 Tokyo Smoke …