By Tatyana Parkanskaia To (mis)quote Mark Twain, the “Death of Retail” has been greatly exaggerated. Consider the explosion of cannabis retail stores throughout southwestern Ontario. Even with some businesses suffering and in dire circumstances due to COVID, cannabis stores are thriving. In some neighbourhoods in downtown Toronto, there are multiple new stores on every block, […]
Canada
Global Pot Entrepreneurs Lured by Canada
Nation continues to attract pot investment from abroad Business owners still like its access to capital and markets Cannabis companies with their sights on an expanding global market are still finding it makes financial sense to keep Canada as their home base. CannaPharma Inc., for example, whose founders’ native Turkey strictly limits marijuana use, is […]
Truss Beverage Releases Cannabis-Infused Drinks Across Canada
Company is joint venture between Molson Coors, Hexo TORONTO — Truss Beverage Co., a joint venture between Molson Coors Beverage Co. and Hexo Corp., is releasing a line of cannabis-infused beverages across Canada. Molson Coors and Gatineau, Quebec-based Hexo, a licensed producer of cannabis products in Canada, started the Toronto-based joint venture Truss in 2018. The […]
Risks and Rewards of International CBD Markets
Investors in the CBD market are beginning to take a sharp look at the international arena as restrictions loosen and usage of CBD products grows in Europe, Latin America and beyond. As with all investments, there are risks to be considered when participating in the overseas cannabis market, along with the potential for generous returns. […]
Canada Marijuana Dispensary Count Tops 1,000 For the First Time
In less than two years after the country legalized recreational cannabis, Canada has reached an important milestone. According to a report in BNN Bloomberg, the country’s dispensary count crossed the 1,000 mark as of July 17, landing at 1,010. Of all the country’s provinces and territories, Alberta in the West has the highest number, at […]
Restructuring issues and challenges in the cannabis industry
The legalization of recreational cannabis in 2018 opened the doors for Canada to be a first-mover in what analysts predicted would be an exciting and lucrative industry. Although the cannabis industry has experienced significant business growth, recent headwinds have resulted in some cannabis companies starting to encounter short-term liquidity challenges as they grow their operations. […]
Aphria, Aurora And Other Big Ag Cannabis Companies Pull Out Of Jamaica
Canadian Licensed Producers (LP) of cannabis are leaving Jamaica in droves, due in part to stalled governemental decisions on export licenses. Aphria (TSE: APHA), is “halting all further investments in Latin America and the Caribbean,” said a former employee exclusively to Sara Brittany Somerset for Forbes online. Approximately 200 former Aphria employees were laid off […]
‘The legal stuff is garbage’: why Canada’s cannabis black market keeps thriving
Cannabis may be legal in Vancouver but visitors looking to score are likely to run into a seemingly counterintuitive suggestion: try the black market. Recreational marijuana was legalised across Canada in October 2018. And yet on Reddit, the specialist forum website used by millions every day, many of Vancouver’s cannabis connoisseurs still swear by their underground supply. This […]
How are Canadian cannabis companies protecting employees from COVID-19?
With limited paid sick leaves, can employees afford to self-quarantine? As health experts urge people to maintain social distancing, it remains to be seen how effectively Canadians can best practice this in the workplace. As far as federal legislation goes, there is no law in place that “requires employers to provide workers with paid sick […]
Indiva Partners With Award-Winning Wana Brands, Inc.
PRESS RELEASE Leading U.S.-based cannabis-infused products producer chooses Indiva as first global partner LONDON, Ontario – March 10, 2020: Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is excited to announce that it has partnered with award-winning Wana Brands (“Wana”) to bring their innovative cannabis-infused products to Canada. Wana is the premiere U.S. edibles company […]
