Second Cup says it may convert Ontario coffee shops to cannabis stores

Second Cup says it may convert Ontario coffee shops to cannabis stores
OTTAWA — The Second Cup Ltd. says it is actively reviewing locations in Ontario for potential conversion to cannabis retail stores in light of policy changes in the province. The company’s announcement comes after Ontario’s Progressive Conservative government said it would allow private retailers to sell recreational marijuana starting next April. Second Cup had announced a partnership with marijuana clinic operator... Read More

Metro faces supplier pressure, expects higher grocery prices in the future

Metro faces supplier pressure, expects higher grocery prices in the future
Canadian grocery giant Metro Inc. is already facing pressure from suppliers to accept higher prices in light of a recent tariff war with the United States and consumers should expect slightly higher food bills in the future, its CEO said Wednesday. “We’re starting to get demands from some suppliers who are, whose products will be, affected by the new tariffs,” Eric La Fleche said during... Read More

Uncertainty looms over Canada’s cannabis tourism, but ambitions are high

Uncertainty looms over Canada’s cannabis tourism, but ambitions are high
TORONTO — Longtime marijuana advocate Neev Tapiero is ready for the cannabis-driven tourists to come, and he’s not waiting for legalization to roll out the welcome mat. The former dispensary owner anticipates an influx of visitors eager to try Canadian weed once recreational use is legalized Oct. 17, and is already courting foreign travellers through his Toronto-based tour company Canadian Kush... Read More

DavidsTea to be sold in grocery stores, signs deal with Loblaw Companies

DavidsTea to be sold in grocery stores, signs deal with Loblaw Companies
MONTREAL — DavidsTea Inc. has signed a deal that will see its tea sachets for sale at grocery stores across Canada. The company has inked an agreement with Loblaw Companies Ltd. that will see several of the grocer’s banners carry the tea. DavidsTea packs are expected to be available in a range of Loblaw banners including: Loblaws, Independent, Zehrs, Valu-Mart, Atlantic... Read More

Weed’s want ads longer, marijuana job searches up as industry grows: study

Weed’s want ads longer, marijuana job searches up as industry grows: study
OTTAWA — The growth of Canada’s soon-to-be-legal recreational pot industry is starting to create a small buzz among job hunters. The job website Indeed has released new numbers that show cannabis-related searches, while still small, were more than four times higher last month compared to the year before. The data say weed-related searches increased to 26 out of every 10,000 searches, up from six. Employers, the data found, have also been looking for more help within... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,326.51, down 90.47 points) Osisko Mining Inc. (TSX:OSK). Miner. Down 12 cents, or 5.69 per cent, to $1.99 on 18.85 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down three cents, or 0.63 per cent, to $4.70 on 18 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare.... Read More

Restaurant chain sees sales climb amidst aggressive growth strategy

Restaurant chain sees sales climb amidst aggressive growth strategy
TORONTO — Freshii share prices tumbled 10 per cent in midday trading as the Toronto-based restaurant chain missed earnings expectations for the second quarter. The Toronto-based company, which reports in U.S. dollars, saw net income nudge into the black at $298,000 in the latest quarter, compared to a loss of $383,000 in the second quarter of 2017. Adjusted net income inched up to... Read More

Pot-based medical pet products closer to fruition as research grows

Pot-based medical pet products closer to fruition as research grows
TORONTO — Canadian pets are a few steps closer to getting their paws on pot-based medical treatments in Canada as more cannabis companies research marijuana’s efficacy for companion animals. Canopy Growth Corp. is the latest medical marijuana company to enter the potentially lucrative pet market with its announcement this week that it will embark on a Health Canada-approved clinical trial to research the use of cannabis-based products to treat animal anxiety. The... Read More

Tim Hortons announces sudden closure of 4 Cincinnati-area locations

Tim Hortons announces sudden closure of 4 Cincinnati-area locations
Tim Hortons parent company Restaurant Brands International says it closed four more American locations of the coffee-and-doughnut chain. RBI says it reached a mutual agreement with the franchisee in Cincinnati, Ohio, to close four restaurants. The company says in a statement that every market poses unique opportunities and challenges, and it has learned a great deal about what works well... Read More

Saputo Q1 profit falls as various factors combine to offset higher revenue

Saputo Q1 profit falls as various factors combine to offset higher revenue
MONTREAL — Saputo Inc. says its first-quarter profit was down from the same time last year as a result of numerous negative factors including the cost of acquisitions, operating costs, currency fluctuations and prices for some of its products. The Montreal-based company is Canada’s largest cheese maker and one of the largest in the world, with major operations in the... Read More