Article by Growth Op The Société québécoise du cannabis, Quebec’s online and storefront cannabis sales network, posted a net income of $1.36 million for the 12-week period that ended on June 22, based on total sales of $45.1 million. In a report published on Friday, the SQDC revealed that its storefront branches proved to be vastly more popular than its ...

Article by CBC News Ontario Cannabis Retail Corp. lost $42 million in the latest fiscal year, according to newly released public documents. The provincial Crown corporation tasked with online sales and wholesale distribution of recreational pot reported revenues of $64 million for the year ended March 31, 2019. However, Ontario’s consolidated financial statements show the OCRC, which operates as the ...

Article by Skyler Ash, Growth Op If you’re looking to kick it into gear and reinvigorate, then Blue Dream is, well, a dream. This is a sativa-dominant strain originally from California, and currently selling for about $56 for 3.5 g through the Ontario Cannabis Store(OCS). The OCS describes the bud as having a THC content of about 18 to 22 percent (and ...

Article by Adam Carter, CBC News A judge has paused the licensing process for Ontario Cannabis Stores across the province so a judicial review can take place to determine whether or not 11 would-be store owners were unfairly disqualified. It’s a move that lawyer Peter Brauti, who is representing the 11 people who were disqualified, says is “drastic” and “huge.” “If ...

Article by Jameson Berkow, Globe and Mail An Ontario judge has frozen the province’s cannabis retail licensing process for at least two weeks. . Twelve of the original 42 winners of the Aug. 20 lottery draw were disqualified for failing to submit all the required application materials within five business days of the results and one voluntarily withdrew. All 13 ...

Article by Anisha Dhiman, Growth Op If two’s a company and three’s a crowd, what does five make? When it comes to legal cannabis stores in Toronto’s downtown, that can only mean one thing: being spoilt for choice. From the iPad-wielding budtenders to the mandatory “you shall not pass” ID checks, these five stores are located centrally downtown and within ...

Article by David George-Cosh, BNN Bloomberg Ontario’s plan to open another wave of cannabis retail stores this year is in jeopardy after a group of 11 disqualified applicants filed judicial review applications disputing their exclusion from obtaining a pot shop licence. Legal filings obtained by BNN Bloomberg show the 11 lottery winners will make a motion in the Ontario Superior ...

Article by Growth Op Marijuana vendor Hobo Recreational Cannabis Store, which says it has had $8.3 million in net sales since opening in April, is already set to expand. The company says it has reached an agreement with a license lottery winner from August to open its second Ottawa store in the ByWard Market. The store at 121 Clarence St. ...

Article by Natalie Johnson, CTV News Toronto The owners of a closed mom-and-pop stationary store in the city’s east end said they were shocked to learn that their beloved retail space could soon become a cannabis shop. After 85 years on Kingston Road, Randall’s Stationary sold its last greeting card on Tuesday. “I’m so happy, but I’m also so sad,” ...

Article by Cathy Dobson, Sarnia Journal Sarnia Mayor Mike Bradley is fuming over the Ontario lottery system that has shut out all local applicants hoping to sell cannabis in a legal, private-sector store. For the second time this year, no Sarnia-Lambton applicants were among the winners picked by the Alcohol and Gaming Commission of Ontario’s lottery software program. “It doesn’t ...