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Why Ontario marijuana retail operator Cannabis Xpress is betting on tiny stores

As far as Chris Jones is concerned, sometimes you have to go small to make it big. The veteran marijuana retail operator is wagering that small, convenience-style locations are the key to sustainable retail profitability in Ontario, the largest recreat…

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Provincial windfall from Ontario Cannabis Store seen rising to CA$170 million

Ontario’s monopoly cannabis wholesaler and online retailer, the Ontario Cannabis Store (OCS), is forecasted to contribute 170 million Canadian dollars ($135 million) to provincial coffers for the 2021-2022 fiscal year, according to Ontario’…

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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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2 New Cannabis Retailers Opening Shops In Waterloo This Week

There will be five pot shops open in Waterloo, with more on the way. It’ll be a green day Wednesday. In addition to St. Paddy’s, a Tokyo Smoke cannabis retail store will open at the Waterloo Commons, 655 Erb St. W. Conveniently located by a Beer Store …

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Barrie’s Newest Cannabis Shop ‘a Joint Venture’ Between Mother, Daughter

‘We looked from Windsor to Bracebridge, but Barrie really jumped out at us,’ Susan Yu says of where they wanted to open their store. The city’s newest cannabis store is a family affair as a mother and daughter opened up shop after searching high and lo…

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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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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…