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…

  Legal Cannabis Retail Workers Tell All About What’s Working and What Isn’t – LPC The Financial Post (please see link below) reports that it’s been “a bumpy few months” for legal cannabis retail owners in Canada. Although as one person they spoke to pointed out, the challenges are likely to be expected for a…

Cannabis Research Project Will Follow 100 Ex-Players to See if CBD Can Help Avoid Opioid Use – LPC A new cannabis research project in Toronto will investigate whether or not using CBD can help wean ex-National Hockey League (NHL) players addicted to opioids. The cannabis research partners the NHL Alumni Association with Canopy Growth Corp.,…

Nannette de Gaspé Cannabis-based Beauty Product in “Everyone Wins” Swag Bag The Oscars were a big night for cannabis-based beauty product company Nannette de Gaspé, too. The Montréal-based luxury beauty product company was invited to add their Bain Noir cannabis sativa bath soak treatment to the famous “Everyone Wins” Swag Bag given to actor nominees.…

Nova Cannabis Sets Up Licensing Agreement with Toronto-Based Retailer The rules around Ontario’s retail cannabis licence structure are beginning to take shape. There have been some clear regulations, including the fact that licensed producers (LPs) cannot own more than 9.9 per cent of a retail cannabis operation. So how would the retail cannabis system work…

Health Canada Receives 83 Micro-Cultivation Licence Applications Health Canada’s micro-cultivation licence may create a whole new sector of the cannabis industry: cannabis co-ops. The government agency said it has received 83 applications for micro-cultivation licence applications as of January 31, 2019. Many of those are from cannabis co-ops pooling knowledge and resources. In BC, the…

“We Don’t Need 100 Cannabis Companies,” Cannabis Industry Analyst Says BNN Bloomberg is reporting that cannabis industry analysts are predicting “shareholder activism” and consolidation of companies. These come in the wake of several reports of “inadequate” corporate governance practices within the cannabis industry. The sheer number of companies within the cannabis industry seems to indicate…

  Supply Chain Issues Causing Some Issues, Experts Say The so-called cannabis shortage may not be anything more than supply chain issues, recent figures suggest. December sales figures show that 7,252 kilograms of legal cannabis (dried) were sold along with 7,127 litres of cannabis oil. Those figures are for the recreational and medical markets combined. Surprisingly,…

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