Analyst Coverage

Atholville cannabis producer sheds 142 jobs

    Hexo, formerly called Zenabis, once employed 475 people but is now down to 108 A major cannabis producer in northern New Brunswick is cutting more than half its local workforce. Hexo, formerly called Zenabis, is laying off 142 workers at its Atholville plant. The Ottawa based Hexo bought Zenabis in 2021. The plant employed about 475 people just two years…

Canada needs weed edibles strong enough to rival black market products, according to industry leaders asking Health Canada to increase the limit

Three years after cannabis’ legalization in Canada, prominent figures in the industry are seeing surges in requests for higher THC in packaged edibles. Currently, the standard for legal edibles and infused beverages is capped at 10mg per package. Those who want a more intense sensation or who have higher tolerances are forced to look elsewhere. Many are turning to the…

Year-end results

  The Nova Scotia Liquor Corporation (NSLC) released its year-end financial results today, June 14. For the fiscal year April 1, 2021, to March 31, 2022, total sales were up 3.5 per cent to $820.5 million, with an increase in both beverage alcohol and cannabis sales compared to the previous fiscal year. Beverage alcohol sales increased 1.7 per cent to…

High Tide launches private label cannabis 2.0 products in Saskatchewan

Further Updates Related to Private Label Offerings in Manitoba and Ontario Expected in the Coming Weeks High Tide Inc. (“High Tide” or the “Company”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that it has begun retail sales of its first Cabana Cannabis Co. branded shatter and THC gummies in…

Cannabis & burdensome excise tax: Canadian operators urge changes as pot prices drop

Canadian cannabis operators are urging lawmakers to amend current excise taxes as weed prices drop. With the decline of marijuana prices, the flat-fee tax structure is disadvantageous, to say the least, reported The Globe and Mail. (Benzinga) According to marijuana business leaders, the current tax structure was based on expectations of the legal cannabis market, but prior to legalization. It turns out, that regulators’ projections…

3 Canadian marijuana stocks to watch this week

Canadian Marijuana Stocks For Your Monday Watch List When it comes to marijuana stock investors many are trying to keep up with the sector. For some time now both U.S. and Canadian marijuana stocks have seen their fair share of up and down trading. This choppy pattern creates a bit of aggressive buying and selling. Meaning that when a company starts to see some…

Toronto cannabis stores are consolidating as industry shakeout sets in

Ever since Canada’s legalization, cannabis stores have been popping up in Toronto to an extensive, almost immeasurable degree.  Though it’s been great to see a once hidden, illegal market now thrive in the city, many stores have been struggling to stay alive in an extremely competitive environment. Since 2021, Toronto has doubled its number of cannabis stores, with roughly 300 stores in operation by the start of…

ROSE LifeScience enters the Ontario cannabis market

Québec-based brands and products available on store shelves  ROSE LifeScience Inc. (“ROSE”), a major Québec cannabis producer, distributor, and marketer, announced a significant company milestone with the introduction of two brands and product lines to the Ontario market. The launch of Tam Tams and Homage cannabis brands in Ontario marks the first time ROSE products will be available to consumers outside Québec. “This is a big…

GCAC and Cultivator joining forces to provide Efixii cultivated cannabis to Canadian Veterans

Global Cannabis Applications Corp. (“GCAC” or the “Company”) (CSE:APP), (FSE:2FA), (OTC:FUAPF), a leading medical cannabis chain-of-custody compliance and data platform announced the signing of a Letter of Intent (LOI) to form a Joint Venture (JV) with COMSOL PPV Telecom (“Comsol”) to open an online portal focused on providing Canadian veterans with Efixii cultivated cannabis products. New Brunswick-based Sana’a Cannabis will be the lead cultivator to provide best-in-class…

High Tide expands into Saskatoon with opening of new Canna Cabana cannabis store, 126th in Canada

High Tide has begun selling recreational cannabis products and consumption accessories for adult use at its Canna Cabana retail cannabis store located at 2102 22 Street West in Saskatoon, Saskatchewan This opening represents High Tide’s 126th branded retail location across Canada, and 10th in Saskatchewan, selling recreational cannabis products and consumption accessories. The store is High Tide’s first location in Saskatoon, which is the largest city…

Star Buds Cannabis Co. partners with DoorDash Canada to launch cannabis pickup in Ontario

Canadian cannabis retailer, Star Buds Cannabis Co., brings in-app cannabis ordering and pickup to consumers in Barrie and Innisfil Star Buds Cannabis Co., a Canadian cannabis retailer, operating under CordovaCann Corp. (CSE:CDVA) (OTCQB:LVRLF) in Ontario, Alberta, Manitoba and British Columbia, has entered into a partnership with DoorDash Technologies Canada to launch cannabis pickup on the DoorDash Marketplace app. The initial launch will be across Star Buds locations in Barrie and Innisfil,…