Alberta Cannabis Stores Offering Deep Discounts, Despite Supply Issues: Certain Types of Weed are ‘Not Moving’

Article by Solomon Israel, Leaf News

Alberta cannabis stores offering deep discounts, despite supply issues Certain types of weed are 'not moving"' at normal prices, says CEO of Alberta chain By: Solomon Israel Alberta's Nova Cannabis chain is offering 50 per cent discounts on certain products, despite an overall shortage of legal cannabis at stores across Canada. (novacannabisstore.com)

At least two different licensed cannabis stores in Alberta are offering certain varieties of marijuana at significant discounts, despite an ongoing shortage of legal weed at the retail level across Canada.

“I think that in the context of an overall supply shortage, it is strange to be seeing these discounts,” said Rosalie Wyonch, a policy analyst with the C.D. Howe Institute think tank.

“So that does point to something potentially interesting at the micro, individual retailer level that could maybe tell us a little bit more about how this market’s developing. It’s not what you would expect to see.”

A photo posted Sunday night on the Reddit internet forum showed a price board advertising 50 per cent discounts on seven different cannabis products at a Canna Cabana store in Calgary. Five types of dried cannabis and two types of cannabis oil capsule were on sale for unusually low prices: For example, Canna Cabana usually sells a 3.5 gram container of “Ocean View Sativa” dried cannabis bud, a product from Canopy Growth’s premium “Leafs by Snoop” brand, for $38.30 at full price, or roughly $10.94 per gram. On sale, those containers were just $19.15 — less than $5.50 per gram.

An executive with Canna Cabana’s parent company High Tide Inc. verified the sale prices on Monday. He said the discounted products are only being sold at Canna Cabana’s Calgary location, and not at any of the company’s six other Alberta stores.

“It’s a mix of products that we thought would be interesting for customers to obtain at a temporarily lower price,” said Nick Kuzyk, chief strategy officer with High Tide.

Read the full article here.

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