Search: Ontario

Ontario’s cannabis agency earns $18.6 million, beating Alberta’s but lagging Québec’s

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…

Ontario Drives Canadian Cannabis Sales 6% Higher in August to $245 Million

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 boom in illegal eastern Ontario pot grow-ops

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…

Pot prices at Ontario Cannabis Store rival those of illicit market for the first time

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.…

Thrive Fulfills Its First Purchase Orders from the Ontario Cannabis Store

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…

Village Farms International Announces Availability of Pure Sunfarms’ Vape and Oil Products to Consumers in Ontario, Alberta and British Columbia

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…

Ontario Cannabis Store distribution centre opens in Guelph

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…

Province moving its Ontario Cannabis Store distribution centre to Guelph

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…