Winnipeg-Based Delta 9 Cannabis a “Lean Operation” – LPC Delta 9 Cannabis Inc. announced stellar financials for its end-of-year report. The Winnipeg-based processor and sales company saw operating revenue take off from about $1 million in 2017 to over $7 million in 2018 – a 702 per cent increase. Gross profits on that increased 1,200 per…

Cross-Border Cannabis Industry Deal Contingent on Legalization in US – LPC Canopy Growth Corporation announced a blockbuster cannabis industry deal on April 18, 2019. Canopy will pay US$3.4 billion to buy New York-based Acreage Holdings – but only when cannabis is legalized federally there. However, most believe federal legalization is inevitable with so many states legalizing…

Canada’s Sole Cannabis Impairment Test May Not Work as Hoped – LPC Cannabis impairment while driving can result in serious penalties just like alcohol impairment. However, testing for cannabis impairment is much more difficult. “In an ideal world, we would have the equivalent of the breathalyzer,” said Eric Dumschat, legal director for Mothers Against Drunk…

Cannabis Beverages Gaining Popularity, Despite Taste – LPC The Beverage Trade Network in San Francisco will host its first cannabis beverage event this summer. The Cannabis Drinks Expo will focus on “canna-beverages,” which are expected to bring in $1.4 billion (US) by 2023, according to a Forbes article (see link below to full story). The…

Motley Fool Digs Deeps into Aurora’s Cannabis Revenue – LPC Aurora Cannabis recently reported its cannabis revenue for its fiscal second quarter – and the numbers are revealing. Aurora was second only to Canopy Growth in sales. Net revenues were a reported $54.18 million in the second quarter (compared to $83 million in net revenue…

Santa Cruz Sues State on Cannabis Delivery Regulations – LPC When California recently changed its cannabis regulations to include cannabis delivery, it was to ensure everyone could get cannabis legally. Housebound people or others who couldn’t travel can now have cannabis delivery directly to their private residence. One side effect is that these companies can…

Cova Software’s Cannabis POS System Beat Out Popular Foreign Companies – LPC Cova Software is the little-known company behind a unique cannabis POS system in Canada. You might think that POS or “point of sales” software are everywhere these days – what’s the big deal? Selling cannabis is not the same as selling other products,…

Ontario Cannabis Retail Stores Average over 50K First Day – LPC Ontario cannabis retail stores opened on Monday with roaring sales of $50,913 on average the first day of opening. According to Cova Software, a cannabis retail software provider, seven out of 10 stores averaged 867 transactions with an average sale of $61.82. “Ontario was…

Cannabis Innovation Summit Launches U of T Research Consortium – LPC A new consortium of over 50 University of Toronto researchers will launch on April 6 at the Cannabis Innovation Summit. The Toronto Cannabis and Cannabinoid Research Consortium (TC3) was announced as part of MaRS Health Innovation Week. Dr. Ruth Ross, a professor and chair…