Canadian cannabis retailers to merge, focus on value-conscious consumers

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Alcanna Inc. is spinning-off its retail cannabis business and combining it with competing retailer YSS Corp. to create one of the largest networks of recreational marijuana stores in Canada, the companies announced Monday. The deal is the latest in a series of M&A in the cannabis retail space, driven by companies looking to differentiate themselves […] Canadian cannabis retailers to … Read More

Cannabis MSO Cresco prices Canadian share offering to raise $125 million

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Chicago-based multistate cannabis operator Cresco Labs priced an overnight marketed share offering, designed to raise roughly $125 million, at 16 Canadian dollars ($12.56) per share. The offering of Cresco’s Canadian subordinate voting shares was announced Thursday. The entire offering will “be purchased by a total of seven new and existing institutional investors, including current shareholder, […] Cannabis MSO Cresco prices … Read More

Ontario cannabis stores can still offer pickup, delivery during lockdown

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Brick-and-mortar cannabis stores in Canada’s largest recreational marijuana market are still permitted to offer home delivery and curbside pickup during a government stay-at-home order, although their operating hours have been restricted and construction of new stores must be halted. The stay-at-home order was enacted Thursday in light of rising COVID-19 cases in Ontario and will […] Ontario cannabis stores can … Read More

The Artist’s Way: How I Ended Up In The Canadian Cannabis Business

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It should come as no surprise that a number of musicians have gravitated toward the cannabis industry and are actively aligning themselves with weed brands. The music business has always had a strong connection to cannabis. While its ties to artists have mainly been recreational, indelibly linked with decades-ago photos of icons like Jerry Garcia, Bob Marley and Willie Nelson, … Read More

Cannabis CEOs, led by Aphria’s Irwin Simon, are among Canada’s top-paid execs despite losses

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A number of executives in the cannabis industry are among the highest-compensated CEOs in Canada, according to a new analysis of 2019 pay by the Ottawa think tank Centre for Policy Alternatives. Executive compensation in the marijuana industry has attracted scrutiny of late as some of the largest producers have lost billions of dollars and […] Cannabis CEOs, led by … Read More