Aurora Cannabis Inc. and Thrive Cannabis are the latest dance partners in the craft cannabis amalgamations happening across Canada. Aurora announced a $38 million deal of TerraPharma, Thrive’s parent company, on March 22, 2022. Thrive will also be eligible for up to $20 million in shares and/or cash if revenue targets are met within two…
Fans attending events in Alberta will be able to order festival cannabis deliveries this summer. Nathan Mison, president of Diplomat Consulting, said that it’s a first for Canada. “This is a big deal. Alberta has been very willing to have unique and beneficial conversations on this,” Mison said. Under new rules, which came into effect…
The Alberta Gaming, Liquor and Cannabis (AGLC) is shutting down online orders in March as Alberta shifts online cannabis sales to the private sector. However, unclear regulations are leading to confusion for some retailers in the province. “We’re down to the wire in terms of timing,” said Matthew Anderson, vice-president of legal, business affairs and…
The Toronto retail cannabis market is seeing thinning margins – but it’s not because of dropping consumer interest. Michael Motala, who operates High Street Cannabis Retail with his parents, said that new competition and over-regulation made the family decide to sell the business. “The space is highly restrictive and regulated to the point where it…
Weedmaps may not have convinced NBC to run their US$6.5 million Super Bowl cannabis ad, but the free coverage they’re getting now is priceless. The cannabis store locator created an 84-second spot to run before Super Bowl LVI, since its 30-second spot won’t run during the game. NBC banned the spot from running during the…
A new report on Canada’s billion-dollar cannabis industry reveals the cannabis industry has added $43.5 billion since cannabis was legalized in 2018. Despite the slow opening of Ontario’s retail cannabis market, that province is responsible for $13.3 billion. “In the span of three years, the Canadian cannabis sector has found its footing and emerged as…
A community-based cannabis platform, High There, is attracting women who want to learn more about cannabis and its uses. According to a Forbes report, women are more likely to seek out research on cannabis including strains and brands. High There also provides basic information for beginners including how to source and consume cannabis responsibly. “We’re…
The provincial government in British Columbia launched the BC Indigenous Cannabis Product (BCICP) marketing program on January 18, 2022. According to a provincial press release, the move is to ensure the legal cannabis economy in BC is “inclusive of rural and Indigenous communities”. “The launch of this new program demonstrates the Province’s commitment to supporting…
A new study from Oregon State University seems to show that two hemp compounds prevent COVID. The peer-reviewed Journal of Natural Products published “Cannabinoids Block Cellular Entry of SARS-CoV-2 and the Emerging Variants” on January 10, 2022. The research indicates that two hemp compounds, cannabigerolic acid (CBGA) and cannabidiolic acid (CBDA), attach to the virus’…
The provincial government is pushing for all illegal BC cannabis producers to go legit. But many craft growers in that province are feeling left behind. BC is helping illegal BC cannabis producers in the Central Kootenay region through a number of approaches including a pilot project and business supports. Those supports including helping them navigate…
