According to recently released financial statements, the Ontario Cannabis Store (OCS) earned $18.6 million during its 2019-20 financial year. That’s a welcome reversal from the previous year’s $42-million loss. But while OCS did better financially than its Alberta counterpart, it still lagged behind Québec’s Société québécoise du cannabis (SQDC). And even though Canada marked the second anniversary of legalization this past weekend, both Ontario and…
Statistics Canada released August retail sales for the country this morning, with sequential growth slowing from last month’s 15% gain, as overall cannabis sales grew 6% sequentially to C$244.9 million, up 94% from a year ago. The report detailed how Ontario, which grew 11% to C$66.9 million, drove the sales, as other major provinces increased 2-5%: August’s […] READ MORE: https://www.newcannabisventures.com/ontario-drives-canadian-cannabis-sales-6-higher-in-august-to-245-million/
Cheap land may be driving a proliferation of grow-ops in rural eastern Ontario, one that’s seen Ontario Provincial Police charge dozens of people and seize tens of millions of dollars of illegal cannabis in just over two months. In that time, the region’s seen 18 drug busts that have led to 126 people arrested on charges that they illegally grew cannabis. Nearly 59,000 plants were seized in…
A search warranted executed at a “vacant” factory in Midland, Ont. revealed that the property wasn’t exactly empty, containing thousands of cannabis plants. The site was shut down after about a dozen officers converged on the site at about 6 p.m. on Sept. 28, according to Barrie Today. No arrests were made at the time or since, but officers did find more…
Legal recreational cannabis is beginning to gain ground in its fight against the illicit market, according to new Ontario Cannabis Store data. A report released by the provincial pot distributor Wednesday revealed that between April and June, legal sources of cannabis made up 25.1 per cent of the total market, an increase from 24.7 per cent in the previous quarter.…
September 29, 2020 08:00 AM Eastern Daylight Time TORONTO–(BUSINESS WIRE)–Thrive Cannabis, a licensed producer of premium craft cannabis concentrates and dried flower, is pleased to announce the fulfillment of its first two purchase orders from the Ontario Cannabis Store (“OCS”). Thousands of units of the Company’s Greybeard Live Resin Terp Slush dabs were shipped to the OCS, as were a…
The Ontario Cannabis Store says Thomas Haig has been appointed interim president and chief executive. The provincial pot distributor says Haig was chosen because of his experience in retail and logistics that he earned while in key positions at Hudson’s Bay Co., Zellers, Giant Tiger and Danier. Haig succeeds Cal Bricker, who took a leave from being the Ontario Lottery…
VANCOUVER, BC, Sept. 23, 2020 /PRNewswire/ – Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) (TSX: VFF) today announced that Pure Sunfarms’ recently launched vape and oil products are now available to consumers in the three most populous provinces to which Pure Sunfarms distributes – Ontario, Alberta and British Columbia. Ontario, Alberta and British Columbia, in aggregate, represent nearly 60% of all Canadian recreational cannabis sales1. “We are…
A brand new facility responsible for receiving and distributing Ontario’s cannabis has opened its doors in Guelph. While the facility has not been formally announced, Ontario Cannabis Store has already started recieving product, according to Daffyd Roderick, a spokesperson for the store. Roderick said the Ontario Cannabis Store sold 14 million grams of cannabis to Ontario’s licensed retailers last quarter, flowing through their…
Guelph will soon be home to the provincial distribution centre for legal cannabis. The Ontario Cannabis Store (OCS) distribution centre is relocating to Guelph from its Oakville location as the cannabis industry rapidly grows. “We have begun the process and we are looking to have the Guelph facility operational in early October,” said Daffyd Roderick, senior director of communications and social…
The Alcohol and Gaming Commission (AGCO) of Ontario, by far the most populous of Canada’s ten provinces, announced it will dramatically increase its license approvals for marijuana dispensaries. In a tersely worded press release, the AGCO said it “is now moving to double the pace of store authorizations this fall.” Despite Ontario’s size and prominence (it is also home to…
CSE THCBF – OTC TFHD.FVANCOUVER, BC, Sept. READ MORE: https://finance.yahoo.com/news/thc-kiss-ready-drink-cannabis-120000933.html?.tsrc=rss