Trichome Financial has wrapped up its acquisition of the assets of James E. Wagner Cultivation Corp. (JWC), the cannabis industry lender said this week.
Solomon Israel
Solomon Israel's Latest Posts
18 trends shaping Canada’s recreational marijuana market
Canada’s adult-use cannabis market has expanded rapidly since the legalization of marijuana in October 2018. Monthly retail sales figures in May signaled an annual market worth around $1.6 billion (CA$2.2 billion)—or roughly the size of Colorado’s recreational and medical markets combined.
Strike shutters many Newfoundland cannabis stores, prompts online surge
Nearly 40% of Newfoundland and Labrador's licensed cannabis retailers have been shut down as the result of a labor action that appears to be the first-ever strike to affect a significant chain of regulated marijuana stores in Canada. Ten C-Shop cannabis stores have...
Quebec’s marijuana monopoly has relatively few stores, but why?
Quebec has fallen far behind its nine provincial counterparts in terms of regulated cannabis stores per capita, limiting consumer access to brick-and-mortar stores in Canada’s second-biggest recreational marijuana market.
Hexo, Molson Coors launch Truss cannabis beverage portfolio
Canadian cannabis producer Hexo Corp. and brewer Molson Coors Canada have launched new beverage products under their Truss Beverage Co. joint venture, marking increased competition in Canada's much-hyped marijuana beverage market. The lineup of five drink brands...
More licensed cannabis stores coming to Manitoba
The next wave of cannabis stores has begun to arrive in Manitoba, giving Canada's regulated marijuana industry a chance to increase market share in the country's fifth-most-populous jurisdiction. Manitoba's government started taking new applications for licensed...
High Tide to acquire Meta Growth, creating major Canadian cannabis retailer
Canadian marijuana retailer High Tide is acquiring competitor Meta Growth Corp., creating an entity touted as Canada's largest cannabis retailer. The combined companies will operate 63 retail stores across Alberta, Manitoba, Ontario and...
Canadian recreational marijuana sales reach record CA$201 million in June
Canadian retail sales of adult-use cannabis crested yet again in June, increasing 7.9% over the record set in May. Monthly retail sales grew in every Canadian province, reaching nearly 201.1 million Canadian dollars ($152.1 million), new figures from Statistics Canada...
Cannabis firm TerrAscend posts loss; net sales to grow to CA$192M for 2020
U.S. and Canadian cannabis operator TerrAscend Corp. has posted a net loss of more than 13.6 million Canadian dollars ($10.3 million) for the quarter ended June 30.
Canada asks cannabis users to buy legal edibles after kids eat illicit ones
Canada's federal health authority is advising consumers to buy cannabis exclusively from authorized retailers after reports of children eating illicit-market products. "Children are accidentally ingesting illegal edible cannabis products and are experiencing serious...
Marijuana Business Daily again makes Inc. 5000 list
For the fifth year running, Marijuana Business Daily has earned a spot on Inc. magazine's Inc. 5000 "Fastest-Growing Private Companies" list. MJBizDaily, a Colorado-based marijuana business news and events company, ranked 1,749 on the...
Vape pens outdistance other ‘Cannabis 2.0’ products in Canada, data shows
Marijuana oil vape pens have taken a commanding lead as the most popular "Cannabis 2.0" product in three key Canadian provinces, capturing more market share than other refined cannabis merchandise such as edibles, beverages, concentrated extracts and topicals combined...
