British Columbia’s privately owned cannabis stores will be able to offer home delivery for adult-use cannabis products starting next month.
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Freezable cannabis edible shows room for innovation in Canadian regulations
Canadian regulations requiring marijuana edibles to be shelf-stable – meaning they can’t need refrigeration or freezing – might have seemed like a deathblow to any cannabis producer’s dreams of creating a frozen cannabis confection. But a new product from Heritage Cannabis shows how those regulations still allow for novel interpretations that lead to innovative products. […]
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Nova Scotia’s regulated cannabis prices fell 28% annually
The average price per gram of adult-use cannabis in Nova Scotia plunged 28% in the fiscal year ended March 31, making regulated marijuana in the Maritime province more competitive with the illicit market, according to the crown corporation in charge of cannabis and alcohol sales. The Nova Scotia Liquor Corp. (NSLC) reported in its year-end […]
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Why WeedMD sold a cannabis subsidiary for CA$2.5 million after buying it for CA$55 million
Aylmer, Ontario-based WeedMD announced the sale of its Starseed Medicinal subsidiary in Bowmanville, Ontario, for 2.5 million Canadian dollars ($2.1 million) in cash to Final Bell Canada, less than two years after the cannabis producer paid more than CA$50 million to acquire the business. Included in the deal is a leased 14,850-square-foot indoor facility in Bowmanville, […]
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‘Considerable interest’ in Alberta survey on private-sector online cannabis sales
Alberta’s marijuana retailer regulator is consulting the industry regarding the possibility of online cannabis sales by private-sector stores as well as sales of non-cannabis items such as apparel. Both could open up new revenue and branding opportunities for hundreds of retailers and the producers who supply them. The consultation, launched Monday, was sent to nearly […]
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Cronos inks deal to buy cannabis MSO PharmaCann stake for $110 million
A subsidiary of Toronto-based Cronos Group purchased an option to acquire approximately 10.5% of PharmaCann, one of the largest privately held cannabis companies in the United States, for $110.4 million (134 Canadian dollars). The deal, if executed, would give Cronos a toehold in the U.S. with which to expand and follows a similar optional agreement […]
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‘Craft absolutely surprised us,’ Hexo CEO says as cannabis sales plunge
Canadian cannabis producer Hexo Corp. lost almost 21 million Canadian dollars ($17.3 million) in its third quarter on revenue that came in substantially lower than expected, in part, because of increasing competition from craft marijuana companies. Net revenue for the three months ended April 30 was CA$22.7 million, 31% lower than the previous quarter, and […]
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