Canadian cannabis market struggles five years after legalisation October 17, 2023 AggregatedNews Canada 0 Comments Canada remains one of the only countries in the world that allows legal and regulated access to recreational marijuana. But five years after the drug's legalisation, the country's cannabis industry is struggling for survival. George Smitherman remembers buying his first… Read More→
Cannabis Xpress CEO Chris Jones Keeps it Simple May 1, 2023 Tom Hymes Company Stories, Retail 1 Comment Utilizing a strategy that puts a road-less-traveled philosophy into literal practice, Toronto-based Cannabis Xpress has placed its current 14 (soon to be 15) cannabis retail stores in less-populated areas of Ontario that other retailers have all but ignored. The build-them-where-they-ain’t… Read More→
High Tide: Catching Up With The Costco of Cannabis April 10, 2023 Tom Hymes Canada, Company Stories, News & Insights, Spotlight 1 Comment A lot has happened in the seven long dog years since Cannabis Business Executive last profiled Calgary, Alberta-based High Tide Inc., Canada’s cannabis retail juggernaut whose expanse of stores spans provinces and time zones and is only getting larger. In… Read More→
Increased Costs, Decreased Revenue Squeezing Canada’s First Retailers from Market March 30, 2023 Brian MacIver Retail 0 Comments Ahead of the fifth anniversary of Canada launching its adult-use cannabis program, the country’s market has dealt with growing pains similar to the ones seen in mature U.S. state markets. Overproduction has forced wholesale prices past many growers’ profitability points… Read More→
Meta Growth Founder & Pals Purchase Pornhub Parent March 22, 2023 Tom Hymes Cannabis Investments, News & Insights 0 Comments A Canadian private equity firm founded last year for this purpose has bought MindGeek, the beleaguered parent of Pornhub and many other well-known adult entertainment assets. Ottawa-based Ethical Capital Partners announced last week that it has acquired Luxembourg-based MindGeek –… Read More→
Canopy Growth: How We Got Here February 15, 2023 Brian MacIver Company Stories, News & Insights 0 Comments On Feb. 9, 2022, Canadian cannabis titan Canopy Growth announced its latest round of layoffs and facility shutdowns, including its departure from its flagship facility at the former Hershey’s chocolate plant in Smiths Falls, Ontario. “The Canadian business transformation plan,”… Read More→
BLAZE: Cannabis Operators Building Software for Cannabis Operators November 8, 2022 Brian MacIver Science and Technology 0 Comments When Chris Violas, founder and CEO of cannabis seed-to-sale software company BLAZE, ran a cannabis delivery service under California’s Prop 215 system from 2011 to 2014, he saw firsthand the issues with which these businesses had to contend. Inventory management,… Read More→
A High Tide of Discount Club Cannabis is Headed to the U.S. from Canada February 14, 2022 Tom Hymes Company Stories, Spotlight 1 Comment Forget the bridge-blocking Canadian truckers! A discount membership club for cannabis is on its way to the United States from Canada, and it looks to be on steroids, courtesy of Raj Grover and High Tide Inc. (NASDAQ: HITI) (TSXV: HITI)… Read More→
IM Cannabis is Building a Brand-based Supply Chain for the EU (and Maybe the World) February 10, 2022 Tom Hymes Company Stories, Spotlight 0 Comments I originally was scheduled to interview Rinat Efrima, the newly appointed Israeli CEO for IM Cannabis Corp. (CSE:IMCC) (NASDAQ:IMCC), or IMC, but when I jumped on the call I was greeted by CEO and founder Oren Shuster, who informed me… Read More→
The Valens Company CEO Tyler Robson on Creating a One-Stop-Shop for Cannabis January 12, 2022 Tom Hymes Company Stories, Spotlight 0 Comments The Valens Company (NASDAQ/TSX: VLNS) is a Kelowna, BC-based cannabis multi-state company with a very distinctive structure and objective. At first glance, it may look like just another extraction company but look again and its shape shifts into that of… Read More→
Canada’s weed lead is running out of puff December 23, 2021 AggregatedNews News & Insights 0 Comments TORONTO, Dec 21 (Reuters Breakingviews) - Canada often has little choice but to bend to the heftier market forces of its neighbor to the south. The cannabis business was an exception after Ottawa legalized weed in 2018 and gave Canadian… Read More→
Ten Years Of Patient Data Supports Israeli Company’s Global Expansion June 15, 2021 Peter McCusker Company Stories, Israel 0 Comments ONE of Israel’s oldest cannabis companies has set out on a path to further rapid growth with a quick-fire run through the early part of 2021. Earlier this month IM Cannabis announced the launch of Wagners its first adult-use cannabis… Read More→
Global Pot Entrepreneurs Lured by Canada December 31, 2020 AggregatedNews Canada 0 Comments 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… Read More→
This VC firm predicted big cannabis would shrink. What happens next? July 8, 2020 AggregatedNews Canada 0 Comments Narbe Alexandrian did not see COVID-19 coming, and that’s okay. As chief executive officer of the cannabis venture capital firm Canopy Rivers (RIV.TO), he’s not in the business of predicting pandemics. What he did see prior to 2020 were cracks… Read More→
Restructuring issues and challenges in the cannabis industry June 25, 2020 AggregatedNews Banking, Finance & Real Estate, Canada 0 Comments 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… Read More→