The consumer packaged goods company, IGNITE International Brands, Ltd., is pulling up its Canadian cannabis stakes and is none too shy about why it feels the move is a good one: product marketing, sales and distribution restrictions. “We applaud the Canadian government for leading the way in legalizing cannabis, but, unfortunately, there remain too many barriers to build a successful…
Vancouver-based TAAT Global Alternatives, a manufacturer of hemp-based cigarettes, has announced that it has closed an additional private placement of $8 million by a group of private investors led by Debbie Chang. Chang is the co-founder of Horizons Ventures, which serves as the venture capital arm of billionaire Hong Kong business magnate Li Ka-shing. This placement follows a previous $5.4 million investment…
Despite Canada approaching its third anniversary of cannabis legalization, some municipalities still ban licensed shops. Other countries talking about legalizing cannabis also seem inclined toward minimizing legal access. But my research suggests those policies are probably counterproductive. Canada legalized recreational cannabis on Oct. 17, 2018. After initial product shortages eased in spring 2019, store openings and retail sales soared. Monthly…
Canopy Growth (WEED.TO)(CGC) is looking to dominate the cannabis gummies market with its latest option-based deal hingeing on pot becoming federally legal in the United States. The Smiths Falls, Ont.-based company announced a deal on Thursday to acquire privately-held Wana Brands, a Colorado-based cannabis edibles brand that claims to lead the category by market share across North America. Canopy says…
Frank And Oak is a certified B Corporation® since 2019. Certified B Corps meet the highest standards of verified social and environmental performance, transparency, and accountability and are required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. The brands’ new objectives include removing virgin plastic and polyester from their supply chain, implementing…
It will be the first time a retail license has been issued since Six Nations of the Grand River Elected Council created the Commission in the spring of 2019 to develop the Six Nations Cannabis Control Law, it’s regulations and build the policies to regulate the cannabis industry on Six Nations Territory. The Commission’s new Executive Director, lawyer Verna George,…
Citizen Stash Cannabis Corp. (the “Company” or “Citizen Stash”) (TSXV:CSC) (OTCQB:EXPFF) (FRANKFURT:MB31) is pleased to announce the launch of its premium flower products into Nova Scotia where it will be available in cannabis retail stores within the province in the coming weeks. The Company’s wholly owned subsidiary, Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of premium cannabis,…
As the third anniversary of Canada’s legalization of cannabis approaches, retailers say they continue to struggle to find access to basic financial services from banks. Industry experts say decades of stigma, as well as international pressure, continue to plague the fledgling industry, forcing shop owners to dig into their savings to open their small businesses and limiting the sector’s growth. Charles Varabioff,…
Canada was promising to be a leader in legislation, cultivation and patient care and access throughout the industry but bureaucracy, bad manufacturing practices and lack of care have made Canada an unwilling example on how not to implement a successful cannabis strategy. Recreational cannabis has been legal and available since 2018, yet two years on billions have been wiped off…
Prospective and current cannabis dispensary owners in Vancouver will see the cost to obtain or renew a business licence next year drop by more than half the current rate — but the reduced fee will still be the most expensive in B.C., if not Canada. Currently, cannabis operators in Vancouver pay a one-time application fee of $99 and $33,958 for…
Canadian cannabis producer Sundial Growers Inc. said it will buy liquor and pot retailer Alcanna Inc. for C$346 million ($276 million) in stock, building on a vertical-integration strategy of acquiring stores. Sundial, which is based in Calgary and listed on Nasdaq, will pay C$9.12 per Alcanna share, the companies said Thursday evening. Alcanna’s stock price had jumped in late August and the first half of September.…
It’s being billed as a unique “plant-to-consumer” experience. “We provide all of the cultivation, processing and packaging services in our licensed facility in behind this building and bringing that great product to market under the Station House brand here to local consumers,” said Tony Giorgi, founder and executive of Sensei Brands. Station House Cannabis Co. by Sensei-Brands in St. Thomas,…