Couche-Tard makes strategic cannabis move with large investment in Fire & Flower

Alimentation Couche-Tard Inc. has agreed to make a strategic investment in Fire & Flower Holdings Corp. of Edmonton, which will use the funds to develop its Hifyre digital retail platform and expand its network of cannabis retail stores. Story continues…

Alberta Government collects $30M from cannabis tax since legalization

The Alberta government has raked in $30 million in taxes from cannabis in the first six months since legalization. According to the province’s fiscal year-end statement, the tax revenue from cannabis collected by the government is $4 million higher than…

Plethora of pot? Canada could hit cannabis oversupply as early as 2019, depending on edibles

Canada could reach an oversupply of legal pot as soon as the end of this year, depending on how the rollout of edibles and other next-generation products impacts supply, a U.S. cannabis research analyst says. BDS Analytics’ managing director and…

Alberta retailer plans to open cannabis store in Ottawa

Fire & Flower, a cannabis retailer based in Alberta, announced Tuesday that they have reached an agreement with one of the winning applicants to open a store on York Street in the Byward Market. Fire & Flower said in a…

YEGFit Talk on cannabis use and its impact on fitness

YEG Fitness magazine hosts b-monthly “YEGFit Talks,” in which they discuss a number of topics related to fitness and exercise. Founder TJ Sadler, along with Kevin Ward from Atlas Growers, share more on the upcoming discussion on cannabis use and…

Aurora Cannabis buying Whistler Medical Marijuana in deal worth up to $175M

Aurora Cannabis Inc. has signed a deal to buy Whistler Medical Marijuana Corp. in an all-stock deal worth up to $175 million, including certain milestone payments. Edmonton-based Aurora says the acquisition of the privately held company is expected to provide…

Cannabis supply slowly improving but not enough to allow more licences: AGLC

The Alberta regulator in charge of the legal marijuana market says supply is improving, but not enough to start issuing new cannabis licences. Cannabis was legalized across Canada on Oct. 17, 2018. On Nov. 21, Alberta Gaming Liquor and Cannabis suspended…

Alberta businesses say cannabis sales figures are encouraging

Long lines outside retail cannabis shops in the first weeks of legalization in Canada led to millions of dollars in sales for the burgeoning businesses. Numbers released by Statistics Canada show Canadians spent $43 million at cannabis outlets in October.…