Business

Hall of Flowers set to make September debut in eastern Canada metropolis

The shrooms will be supplied to Halucenex in the form of whole, dried mushroom fruiting bodies

The launch of new products such as Cherry Mints, Maple Kush, pre-rolls boosted revenue this quarter

While revenue increased, Ayurcann reported gross margins of $580,000 in the first quarter, a 68 per cent decline from $1.8 million during Q1 2021

The new POLLEN brand will feature three lines of products: Powerbank, Soothe You and No Pressure

Cannabis beverages continue to gain popularity and approval in Canada, according to industry analysts

Rubicon’s national market share of premium flower and pre-rolls dipped to 7.1 per cent during the first quarter from 7.6 per cent during Q4 2021

Anyone can access the store using their smartphone, tablet or computer

Edible product sales represent 95% of net revenue in Q1 2022

Trees posted $1.7 million in revenue during the first quarter compared to $0.5 million in Q1 2021, representing an increase of 225 per cent

Firebird Delivery will launch first in Ontario but will launch soon in Alberta, Manitoba, Saskatchewan and other provinces

The Control Union has declared the products are compliant with World Health Organization (WHO) guidelines

VIVO continues to pursue its international expansion strategy, which now represents more than 50 per cent of its cannabis revenue

The 3,600 square metre facility is located in Leuna, Saxony-Anhalt

The American company has recently shifted its strategy to incubate and spin out cannabis-related companies

Jetty is one of the top 10 brands and top five in the vape category in California

The company is set to buy Cornwell, Ontario's Cotton Mill Pharmacy for a total purchase price of $900,000

Sundial's EBITDA plummeted to a $0.7 million loss during Q1 2022 after $18.4 million during the previous quarter

Q1 revenue was comprised of approximately 61 per cent in cannabis 2.0 product sales

Project Solace is an effort to secure a safe supply of psilocybin for medical purposes and move Canada closer to legalization

Wallin received the Ernst & Young Entrepreneur of the Year award

Supply chain issues, project delays and seasonal weakness contributed to decreased revenue during the first quarter

The company also started selling its cannabis-infused edibles under the Valhalla brand

The company also reported a 14 per cent decrease in revenue

The firm had an adjusted EBITDA of US$105.5 million, up 4.5 per cent from US$100.9 million during the fourth quarter of 2021

The companies will collaborate on co-branding and share intellectual property

Its Valley, Anandia and Whisler Alpha Lake are expected to be closed by the fourth quarter

Partnership marks the first time Sherbinskis products will be available outside of California and Michigan

Both organizations will retain their current organizational structures and respective leadership.

Deliveries will begin in the Greater Toronto Area in the coming weeks

Nova’s sales growth resulted from new retail stores, transition to Value Buds low-cost model

NOYA produces brands such as Cookies, Lemonnade, Minntz and GAGE

Hapbee technology users saw improvements in quality of sleep, length of sleep, reduced restlessness, and reduced time to fall asleep

Last March, the company reported a record 2021 revenue of US1.2 billion.

Adjusted EBITDA went to a negative $9.3 million from a positive $7.7 million in the last year

Cannabix is developing cannabis breathalyzer devices to enhance public safety

Poland is one of the largest cannabis markets in Europe by patient population

The company is known for their brands Estora, Liiv, SYNR.G and Xscape.

The legal cannabis market is expected to grow at a Compound Annual Growth Rate (CAGR) of 24.80%

The company sought protection as a result of declining revenue stemming from COVID-19 government mandates