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…
Ontario
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 …
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…
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…
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 …
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…
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…
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…
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…
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 …