Shipping delays at Ontario’s government-owned cannabis wholesaler underscore an “urgent need for reform,” the Canadian province’s Chamber of Commerce said.
Matt Lamers
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SNDL buying Canadian cannabis product maker Valens for CA$138 million
Cannabis producer and retailer SNDL agreed to buy the shares it doesn’t already own of manufacturer The Valens Co. in a deal the Alberta-based business says will create “a dominant” vertically integrated operator in Canada.
‘Croptober’ pushes Canada’s cannabis inventories to record 1.4 billion grams
Canadian cannabis cultivators produced a record amount of marijuana during last fall’s “croptober” – when most of the outdoor harvest comes in – despite falling retail prices and already-bulging inventories.
Canopy reports CA$2.1 billion loss on massive cannabis unit impairments
Canopy Growth Corp. reported the worst quarterly loss in its history as the company’s “value” cannabis sales declined as part of its business transition to “premium” products.
Cannabis firm Tilray inks distribution deal for CBD products in US
New York-headquartered cannabis company Tilray Brands said its wellness division, Fresh Hemp Foods, signed a distribution deal with Southern Glazer’s Wine & Spirits.
Canadian growers destroyed a record 425 million grams of cannabis last year
Canadian licensed producers have destroyed a growing amount of cannabis every year since adult-use legalization nearly four years ago, with 2021’s record quantity far exceeding the product sold that year, an MJBizDaily analysis has found.
‘Status quo not a tenable option’: EU ministers discuss cannabis policy hurdles
Key European government ministers have concluded more work must be done to craft a sustainable framework for regulating recreational cannabis across the region – arguing the current situation is untenable after an unusual meeting of top officials earlier this month.
Hawthorne buys Flowr’s cannabis research facility for CA$16 million
Hawthorne Canada completed the purchase of The Flowr Corp.’s Kelowna research and development facility for 15.9 million Canadian dollars ($12.4 million), the companies announced Wednesday.
Organigram trims loss to CA$2.8 million as cannabis sales surge
Canadian cannabis producer Organigram trimmed its loss to 2.8 million Canadian dollars ($2.1 million) for the quarter ended May 31 on record gross revenue of CA$55.2 million.
US cannabis companies tread cautiously into turbulent Canadian market
A growing trickle of American companies is wading cautiously into Canada’s hotly competitive cannabis industry in search of new revenue streams and, in some cases, relatively cheap assets.
Privately owned British Columbia cannabis stores allowed to deliver
Privately owned cannabis stores in British Columbia are now allowed to deliver nonmedical marijuana to consumers through regular mail and other delivery-service providers, a move the industry believes will direct more illicit sales to the regulated market.
Ontario Cannabis Store appoints Lobo as permanent CEO
The Ontario Cannabis Store (OCS), the provincial wholesale monopoly and online retailer, appointed David Lobo as chief executive officer on a permanent basis.
