Retail served as the main driver of a 118 per cent increase in Canada’s recreational cannabis market last year, with the much-anticipated rollout of stores in Ontario quickening its pace and Alberta witnessing steady growth. “The opening of retail outlets drove growth in 2020,” notes a new report on Canada’s recreational weed market from Brightfield Group, a consumer insights and market intelligence…
Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) is proud to announce that it has completed the acquisition of AV Cannabis Inc. (“Ace Valley”) – one of Ontario’s leading cannabis brands. With a strong focus on ready-to-enjoy (“RTE”) products and a loyal following of millennial and Gen-Z consumers, the acquisition will strengthen Canopy’s industry leading house…
CALGARY, AB, March 15, 2021 /CNW/ – High Tide Inc. (“High Tide” or the “Company (TSXV: HITI) (OTCQB: HITIF) (FRA: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced today that the Canna Cabana retail store located at 760 Hyde Park Road in London, Ontario (the “London Store”) has begun selling recreational cannabis products for adult use. This represents High Tide’s…
After a stalled rollout, Ontario is aiming to approve dozens of cannabis retail outlets each week with the goal of hitting 1,000 stores across the province by the fall. But the prospect of more competition, especially during a pandemic, has some in the industry predicting a shakeout in the marijuana marketplace. Vivianne Wilson, the founder and president of GreenPort Cannabis on College Street…
After two years of legalization, Ontario continues to eat away at the illicit cannabis market. Data provided by the Ontario Cannabis Store (OCS) shows that the province secured roughly 40 per cent of the legal market by the end of last year. That’s more than double what the legal market controlled a year earlier, but still lags behind the 52 per cent…
In a well-timed tweet, the Alcohol and Gaming Commission of Ontario (AGCO) has announced that the province’s 420th cannabis retail store has been authorized to open. The AGCO, which regulates cannabis retail in Ontario, sent the tweet at 4:20 p.m. on Tuesday. After an incomprehensibly slow retail rollout, the province has picked up the pace in recent months. In December,…
TORONTO–(BUSINESS WIRE)–Heritage Cannabis Announces Pura Vida and Purefarma Join Premium 5 as Brands Now Available in Ontario READ MORE: http://www.businesswire.com/news/home/20210129005111/en/Heritage-Cannabis-Announces-Pura-Vida-and-Purefarma-Join-Premium-5-as-Brands-Now-Available-in-Ontario/?feedref=JjAwJuNHiystnCoBq_hl-W8j9Oi60kFTomUxRDB8jhB7TDOU5CqE9t5WwBA1inzlrCOi9QzgjCezTS3Nw_X6kJUrpSBm-Hav1w-UkdSlG3kCXJZE-1b1nXn968wYfofVIbE9ZC1pD3bt6lQgRU5j6g==
Ontario’s provincial cannabis retailer will soon stop carrying products that don’t meet certain sales targets and introduce a “craft designation” to boost smaller licensed producers. The strategy, which was outlined in a webinar Friday for Canadian cannabis producers, will see products sold through the Ontario Cannabis Store (OCS) be required to meet weekly sales targets consistently or face delisting from store shelves. The move…
Industry-leading cannabis retailer continues its focus on Ontario as a priority market for expansion TORONTO, Jan. 8, 2021 /CNW/ – Tokyo Smoke, Canopy Growth Corporation’s award-winning retail brand is proud to announce the planned opening of 9 brick-and-mortar retail franchised cannabis locations across Ontario over the course of January 2021. READ MORE: https://finance.yahoo.com/news/5n-plus-reports-strong-financial-223000005.html?.tsrc=rss
Ontario’s legal cannabis industry is gaining ground in its fight against the illicit market, but the progress likely won’t last long because of COVID-19 lockdowns. The Ontario Cannabis Store said Thursday that between the start of July and end of September the legal industry controlled slightly more than 36 per cent of the recreational market, up from about 25 per…
Premium cannabis producer brings Greybeard dried flower and pre-rolls, and innovative Being THC Oral Strips to the Canadian market December 17, 2020 09:00 AM Eastern Standard Time TORONTO–(BUSINESS WIRE)–Thrive Cannabis, a licensed producer of premium craft cannabis concentrates and dried flower, today announced the launch of Greybeard dried flower and pre-rolls, the brand’s first-ever recreational cannabis flower products, as well…
The Alcohol and Gaming Commission of Ontario (AGCO) has announced it will once again be doubling the pace of its cannabis Retail Store Authorizations (RSAs). In September, the agency vowed to double its approval pace and authorize 40 stores a month. Citing direction from the government, the AGCO now reports it will be issuing 80 RSAs per month. According to…