Marijuana Business News

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Thu
07
Apr

Adastra announces successful soft launch of Endgame brand in BC

endgame brand

Adastra Holdings Ltd. (CSE: XTRX) (FRA: D2EP) ("Adastra" or the "Company"), a Health Canada Licensed cannabis company focused on processing, sales, organoleptic and analytical testing, is excited to announce that its newly developed brand, Endgame, which was soft-launched last week, sold out in less than 24 hours of delivery to the British Columbia Liquor Distribution Branch ("BCLDB"). Endgame's initial SKU delivery included two varieties of vaporizer cartridges: Mosa x Blood Orange and White Rhino x Raspberry Lemon.

"We are thrilled to bring Endgame, our first exclusive in-house brand, to market," said Michael Forbes, Chief Executive Officer, Corporate Secretary and Director of Adastra.

Thu
07
Apr

Cannabis cafes? B.C. seeks feedback on allowing marijuana consumption spaces, events

marijuana cafe

The B.C. government is looking for feedback on potentially permitting "cannabis consumption spaces" in the province, which would allow businesses or special events to offer the on-site sale and use of marijuana.

Examples of what a cannabis consumption space might look like include cafes and lounges – or special ticketed events, such as festivals, spas or cooking classes.

If B.C. does move forward with permitted cannabis consumption spaces, the province says other health regulations would still be in effect, such as no indoor smoking or vaping.

Local governments and First Nations would also have a say in where and whether consumption spaces would be allowed in their jurisdictions, similar to the process already in place for cannabis retail shops.

Thu
07
Apr

Tilray CEO on pivot to consumer brands: ‘I can’t sit back and wait’ for U.S. cannabis legalization

cannabis

Tilray Brands, Inc. Chairman and CEO Irwin D. Simon joins Yahoo Finance Live to discuss the company's earnings and expectations, consumer demand, growth, and the outlook for cannabis legalization.

AKIKO FUJITA: Well, shares of cannabis company Tilray popping in the session, now up roughly 12% on the back of its third quarter results. Tilray posted revenue of $152 million in the quarter, a 23% jump year on year, with an increase driven by strong sales in cannabis and its alcohol business.

Thu
07
Apr

The SQDC is now selling actual cannabis edibles

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Clusters of dates, hemp hearts, and sunflower seeds infused with 2.5 mg of THC have hit shelves in Quebec

Cannabis edibles that require chewing — not just sipping — have finally made their way to Quebec’s government-run cannabis retailer, the SQDC.

Cannabis bites made of dates, hemp hearts, sunflower seeds, currants, and cinnamon have been for sale in-store and online at the SQDC since Tuesday, per the Le Journal de Quebec. The product is from Solei, whose parent company is “cannabis lifestyle” goods giant Tilray Brands, and comes in 15-gram morsels, each containing 2.5 mg of THC and 5 mg of CBD. They’re sold for $6.90 for a pack of two.

Wed
06
Apr

IM Cannabis strengthens focus on importing premium and ultra-premium products from its Canadian subsidiaries

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Increase in Revolving Credit Facility availability to $15 million supports increased global demand for premium cannabis

Wed
06
Apr

Canada's cannabis industry braces for increased competition as U.S. legalization looms larger

cannabis products

Legalization of marijuana in America isn’t imminent, but the House of Representative’s passage of the MORE Act is a reminder that Canada’s comparative advantage in the multi-billion dollar cannabis industry is at the mercy of changing political tides in the United States and elsewhere.

“It’s an important alarm bell for the Canadian government that there are markets around the world that are opening to cannabis,” said Rick Savone, senior vice president of Aurora Cannabis Inc., one of Canada’s largest cannabis retailers, and chair of the board of the Canadian Cannabis Council.

Tue
05
Apr

Solei Brand launches the first cannabis edible available in Quebec

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Solei’s Balance Cinnamon & Black Currant ‘Solei Bites’ are Now Exclusively Available in Quebec at the SQDC

Tilray Brands, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis and consumer packaged goods company today announced the launch of Solei Bites the Solei brand’s first foray into edibles and the first ready to eat THC edible available at the Société Québécoise du cannabis (“SQDC”), Quebec’s sole legal retailer for cannabis products.

Tue
05
Apr

Ghost Drops bolsters its roster, solidifies cannabis dream team

man in hat

Canada's notorious cannabis brand house Ghost Drops announces the hiring of industry-leading marketing expert "Campaign" Colin Bambury.

Bambury is the founder and editor of ADCANN, North America's number one source for cannabis marketing, and is a board member of the Association of Canadian Cannabis Retailers (ACCRES). His most recent former role was as Head of Marketing at a large West Coast cannabis retailer.

Ghost Drops continues to live up to the hype surrounding the brand, boasting multiple consecutive weeks as the top-selling cannabis in Ontario as well as announcing the launch of a flagship retail store in downtown Toronto.

Tue
05
Apr

Canadian airport could get cannabis dispensary

airport

A cannabis dispensary to serve domestic air travelers is planned for Prince George Airport in British Columbia, Canada.

Travelers visiting Prince George Airport in British Columbia this summer could score some weed for their trip at a licensed dispensary, a sign that cannabis continues to be normalized in Canada since legalization in 2018. 

The Prince George City Council recently gave preliminary approval for Copilot, a cannabis dispensary planned by American business partners Owen Ritz and Reed Horton with the support of airport regulators. The venture was first announced in January by the Prince George Airport Authority (PGAA), which said that Copilot is “pioneering cannabis for travel.”

Mon
04
Apr

Cannabis tourism sparking up in Toronto

Toronto

Toronto has become Canada’s Amsterdam when it comes to cannabis tourism, according to Seven Point Cannabis store in Toronto.

“When it comes to cities, Toronto is becoming the epicentre of cannabis tourism in Canada. More and more people are flocking to the city to enjoy cannabis-related events, shop for premium products, eat in munchie-friendly restaurants, and just enjoy the freedom of smoking a joint in one of many of this city’s parks,” Seven Point Cannabis said in a release.

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