Ontario Cannabis Retail Corporation

Greenway Products Available Online, Update on International Sales Accreditation

Retrieved on: 
Wednesday, March 27, 2024
WHO, Ontario Cannabis Retail Corporation, Sale, GACP, EMA, Drug

Greenway has begun the process of getting a CUMS-GAP certificate and GACP certified, accreditation standards that are required to sell into a multitude of countries around the globe.

Key Points: 
  • Greenway has begun the process of getting a CUMS-GAP certificate and GACP certified, accreditation standards that are required to sell into a multitude of countries around the globe.
  • "Our team is thrilled to see our MillRite Lavender Haze pre-rolls available for sale through the Ontario Cannabis Store.
  • "I am also happy to be able to give an update on our pursuit of expanding our wholesale cannabis sales to the international market," said Jamie D'Alimonte, CEO.
  • We have already begun the accreditation process, and have entered into conversation with a few different international cannabis purchasers as well as some of our already established domestic partners who have established international sales routes, in anticipation of completing the process."

Greenway Ships First MillRite Products into Ontario

Retrieved on: 
Tuesday, March 12, 2024
Lavender Haze, Ontario Cannabis Retail Corporation, Sale, Cannabis, OCS, Retail

It is available now for purchase in stores across Ontario, and will be available online through ocs.ca.

Key Points: 
  • It is available now for purchase in stores across Ontario, and will be available online through ocs.ca.
  • The shipment includes the highly anticipated MillRite branded Lavender Haze pre-rolls, marking a significant milestone for the company as it ventures into direct consumer products for the first time.
  • We are thrilled to see our vision come to fruition and are excited to offer consumers in Ontario access to our premium products.
  • "MillRite as a brand is meant for the hard-working people across Canada, who are budget conscious and always looking for good quality.

Community Savings Credit Union announces affordable invoice factoring for cannabis licensed producers in BC

Retrieved on: 
Friday, February 23, 2024
OCS, CFO, Ontario Cannabis Retail Corporation, LP, Servus Credit Union, Partnership, Growth, Musqueam Indian Band, LP record, Drug

VANCOUVER, BC / Unceded Territories of the Musqueam, Squamish and Tsleil-Waututh Nations, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Community Savings , a BC-based credit union, working exclusively with We Can Capital Inc. , has introduced an innovative invoice factoring program crafted for British Columbia’s licensed cannabis producers (LPs).

Key Points: 
  • VANCOUVER, BC / Unceded Territories of the Musqueam, Squamish and Tsleil-Waututh Nations, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Community Savings , a BC-based credit union, working exclusively with We Can Capital Inc. , has introduced an innovative invoice factoring program crafted for British Columbia’s licensed cannabis producers (LPs).
  • This affordable invoice factoring program enables BC LPs to receive the funds from their BC and Ontario government invoices early.
  • Community Savings with We Can Capital is dedicated to facilitating the sustainable growth of the BC cannabis industry.
  • Mike Schilling, President and CEO of Community Savings Credit Union, said: “As a pro-cannabis credit union, we are proud to be the only industry-owned solution to give BC LPs affordable access to working capital from their provincial receivables.

CannMart to Expand Roilty Product Portfolio to Include Craft and Solventless Offerings

Retrieved on: 
Friday, February 9, 2024
Stock, Growth, OCS, Science, Ontario Cannabis Retail Corporation, Cryptocurrency

Live resin reserve represents a premium and exclusive concentrate made in small batches, boasting only fresh frozen cannabis flower from small craft and micro-growers in Quebec.

Key Points: 
  • Live resin reserve represents a premium and exclusive concentrate made in small batches, boasting only fresh frozen cannabis flower from small craft and micro-growers in Quebec.
  • Roilty’s first mechanical and solventless concentrate comes in the form of black hash and it joins a small number of leading brands that offer solventless products.
  • Both live resin reserve and solventless concentrates represent a significant accomplishment for Roilty, underscoring CannMart’s commitment to innovation while seeking out value propositions in the concentrate category.
  • “This commitment has been the driving force in the evolving product pipeline with Roilty, allowing us to manage the portfolio effectively and adapt as tastes of the market shifts.

Radicle Femmes Celebrates Women in Cannabis in Toronto, Ontario

Retrieved on: 
Thursday, February 1, 2024
Knowledge, Cannabis, Marketing, OCS, Consultant, International, VIP, Environment, Corporate Affairs, Ontario Cannabis Retail Corporation, Education, Woman, Entrepreneurship, Face, Special creation, Drug

Toronto, ON, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Marigold PR , an award-winning public relations agency to the North American cannabis industry, presents the inaugural Radicle Femmes , Canada’s largest networking event celebrating women in cannabis.

Key Points: 
  • Toronto, ON, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Marigold PR , an award-winning public relations agency to the North American cannabis industry, presents the inaugural Radicle Femmes , Canada’s largest networking event celebrating women in cannabis.
  • We’re proud to sponsor Radicle Femmes, which celebrates the many contributions of women who continue pushing the legal cannabis industry forward.”
    Women in Leadership will provide valuable insights and inspiration from accomplished women in leadership roles within the cannabis industry.
  • Radicle Femmes was created to pave the way for a more inclusive and prosperous future for women in cannabis.
  • Radicle Femmes invites potential partners to join in celebrating and promoting women in cannabis.

Shiny Health & Wellness Signs Definitive Acquisition Agreement with Stash & Co.

Retrieved on: 
Friday, December 15, 2023
Stash, Stash Tea Company, AGCO, Karan, APA, CAD, Mentorship, Wellness, Ontario Cannabis Retail Corporation, Letter, Drug

TORONTO, Dec. 15, 2023 /CNW/ - Shiny Health & Wellness Corp. (the "Company" "SNYB") (TSXV: SNYB) signs Asset Purchase Agreement ("APA") with Karan S. Holla for his Stash & Co. ('SC") Ontario chain of 10 adult-use cannabis retail stores.

Key Points: 
  • TORONTO, Dec. 15, 2023 /CNW/ - Shiny Health & Wellness Corp. (the "Company" "SNYB") (TSXV: SNYB) signs Asset Purchase Agreement ("APA") with Karan S. Holla for his Stash & Co. ('SC") Ontario chain of 10 adult-use cannabis retail stores.
  • "We are excited to add a strong, above-average revenue producing cannabis dispensary group to our Ontario platform.
  • The Company will add the Stash & Co. brand to its ShinyBud and BudGet Bud cannabis consumer program to reach near 100,000 loyalists.
  • Karan S. Holla will have the option to have a directorship on the board of directors of SNYB., subject to standard regulatory approvals.

Lifeist’s CannMart Expands Product Listings to the Province of Newfoundland and Labrador and Supports Growth Trajectory Through Marketing Activities

Retrieved on: 
Thursday, October 12, 2023
Mom, Yoy, Ontario Cannabis Retail Corporation, SKU, Stock, OCS, Growth, Science, B2B, Sale, Hall, Retail, Self storage, Flower

We will leverage the robust sales and growth records of these brands in other provinces, to continue their upward trajectory."

Key Points: 
  • We will leverage the robust sales and growth records of these brands in other provinces, to continue their upward trajectory."
  • Other provincial updates for September 2023 included:
    Roilty’s concentrate products maintains 43% average growth in sale of units month-over-month (MoM); Zest reporting 77% avg growth MoM.
  • Roilty brand securing 212% growth year-over-year (YoY) in the sale of units; Zest showing strong 141% growth in units sold in these two direct-to-retailer provinces.
  • Roilty’s concentrate products seeing strong 57% average growth MoM in [the sale of] units; Zest showing 47% MoM growth in units sold.

Tether’s Holiday Showcase Strengthens Bond Between Cannabis Brands and Budtenders

Retrieved on: 
Thursday, October 12, 2023
Organization, Retail, Ageing, Cannabis, Budtender, Ontario Cannabis Retail Corporation, Holiday Showcase, Fair, Tourism, Tether

Toronto, Ontario, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Tether , a leading name in the Canadian cannabis industry, is thrilled to announce its much-anticipated Holiday Showcase .

Key Points: 
  • Toronto, Ontario, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Tether , a leading name in the Canadian cannabis industry, is thrilled to announce its much-anticipated Holiday Showcase .
  • The holiday season is a prime time for consumer spending and by participating in Tether's Holiday Showcase, cannabis brands are increasing their visibility and creating awareness among potential customers.
  • Tether’s Holiday Showcase is set to take place at Millworks Creative Studios in Dundas, ON, on Wednesday, November 1, 2023, from 6:00 to 8:00 PM ET.
  • Bringing traditional holiday PR tactics to the cannabis industry breaks down the stigma of this highly regulated and emerging industry.

SNDL to Participate in Upcoming Investor and Cannabis Conferences

Retrieved on: 
Monday, September 18, 2023
AB, EDT, Ontario Cannabis Retail Corporation, The Company, TSX, CDT, Conference, Drug

CALGARY, AB, Sept. 18, 2023 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or the "Company") is pleased to announce that Zach George, the Company's Chief Executive Officer, and Marcie Kiziak, CEO of Nova Cannabis Inc. (TSX: NOVC) and SNDL's President, Cannabis Retail, will be participating in several upcoming investor and cannabis conferences, including the ATB Capital Markets Life Sciences Fall Conference, Benzinga Cannabis Capital Conference and A.G.P.

Key Points: 
  • CALGARY, AB, Sept. 18, 2023 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or the "Company") is pleased to announce that Zach George, the Company's Chief Executive Officer, and Marcie Kiziak, CEO of Nova Cannabis Inc. (TSX: NOVC) and SNDL's President, Cannabis Retail, will be participating in several upcoming investor and cannabis conferences, including the ATB Capital Markets Life Sciences Fall Conference, Benzinga Cannabis Capital Conference and A.G.P.
  • Virtual Cannabis Conference.
  • They will participate in a discussion titled 'Crossing Borders: Canada's Cannabis Journey and US Implications' at 3 p.m. EDT and will meet with institutional investors throughout the day.
  • On Wednesday, September 27, 2023, Mr. George will speak at the Benzinga Cannabis Capital Conference in Chicago.

BZAM Ltd. Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, August 24, 2023
Borrowing base, Indian stock exchange, EU, COGS, SG, Marketing, ON, Maxima and minima, Ontario Cannabis Retail Corporation, AB, Working capital, Unit, OCS, Sale, Certification, State Administrative Expenses, EBITDA, Growth, Credit, Video game, Pharmaceutical industry, Security (finance), Bank, Puslinch, Q2, Midway

Taken together with an excise tax correction from Q1 2023 being recorded in Q2 2023 normalized Q2 gross and net revenues would be more in line with Q1.

Key Points: 
  • Taken together with an excise tax correction from Q1 2023 being recorded in Q2 2023 normalized Q2 gross and net revenues would be more in line with Q1.
  • Despite this, overall gross profit percentage was 9.5% in Q2 vs. 12% in Q1 2023 as a result of $1.1M higher fair value adjustments in Q2 2023.
  • Sales, General and Administrative Expenses ("SG&A"): SG&A increased by 68% in Q2 2023 vs. Q2 2022, commensurate with the Company's overall growth.
  • Loss from operations: Loss from operations for the quarter was $12.1M compared to $11.7M in Q1 2023.