Business

As Canadian cannabis retail consolidation picks up steam, CEO Raj Grover says his company has become the 'acquirer of choice'

The sector is expected to bring in up to $800M in revenue once it matures

KAOS Capital is also supplying $180M equity backstop

The firm says its Vancouver locations continue to outperform, where regulatory distancing is more favourable

NGW owns and operates a 35,000-square-foot indoor facility in Coalinga, California

After a reverse takeover and other business combinations, the firm's CEO says HYTN is on track for future growth

Employee safety and drivers' insurance are among the issues retailers must tackle as they prepare to restart the service

By 2026, the firm expects most international sales growth to be led by Mexico and Germany

It's the firm's 8th consecutive quarter of positive cash flow from operations

The firm's annual losses reached US$396.1 million

But overall net income tripled to US$2.1M

The deal is in partnership with Hamilton, Ont.-based Noya Cannabis

With a business transition mostly complete, the firm says it expects strong growth in 2022

At full capacity, the firm says it expects to bring in $20M in annual EBITDA

The small-format, high-potency beverages are first-of-kind in the country

The deal should allow the firm to exit creditor protection and resume public trading

The AGLC says weed prices will remain lower or the same as other provinces

Pineapple Express Delivery will offer the service starting next week

The firm continues to put more emphasis on its beverage alcohol business

If approved, it could advance the firm's goal of becoming a dominant supplier of cannabinoid pharmaceutical ingredients

Consumer spending on cannabis surpassed milk and energy drinks in 2021

Cannoe president Matt McLeod will join Superette as CEO

The service is starting at participating in stores in Ontario, Manitoba and Saskatchewan

President Ivan Duque says his country is now at the forefront of regulating commercial exports of medical cannabis

The Crown corporation has made recent changes to improve distribution

7 new board members will stand for election at a meeting March 8

Company stock hit a 4-year low on Friday

Profits from the first three quarters are up 25% to $60.2 million

The last time Statistics Canada reported an increase this big the agency later revised its figures

Hemp flower was the most popular use of the crop, followed by seed and fibre

In December, the country became the first to legalize recreational pot in the EU

The funds will go toward developing a treatment for acute respiratory distress syndrome, which can result from Covid-19

Since legalization, the number of weed stores has tripled in the province

The company has also received conditional approval to list on the Canadian Securities Exchange

The stalwart pot firm is projecting a return to EBITDA-positivity later this year, as it pivots to adult-use sales

Job growth in the cannabis sector has averaged over 27% since 2017

The research will take place at the Icahn School of Medicine at Mount Sinai, New York

A special shareholder meeting is slated for March 8

Despite uncertainty around federal prosecution, banking activity has steadily increased in states with adult-use cannabis laws