Toronto has seen almost 12 cannabis stores open per month on average since the beginning of 2021, bringing the total number in the city to more than 200 as of September, doubling the number at the start of the year.
Toronto-headquartered cannabis company Flowr Corp. is slashing its workforce and pulling out of noncore markets – including Australia, Uruguay and Spain – as part of a strategic review intended to put the business on firmer financial footing.
Toronto-based multistate cannabis company Red White & Bloom Brands (RWB) announced it signed a binding letter of intent to purchase California-based Platinum Vape in a deal that carries a potential price tag worth up to $60 million.
Embattled Canadian cannabis producer CannTrust shares will be delisted from the Toronto Stock Exchange on May 6 after market close, according to a TMX Group notice.
Two indices tracking the performance of cannabis companies on North America’s largest stock exchanges have launched in recent months, demonstrating a growing level of mainstream interest in the burgeoning industry.
