Shoppers Drug Mart granted licence to sell medical marijuana online

Shoppers Drug Mart granted licence to sell medical marijuana online
TORONTO — Shoppers Drug Mart has been granted a licence to sell medical marijuana online. Health Canada’s list of authorized cannabis sellers and producers has been updated to reflect that the pharmacy can sell dried and fresh cannabis, as well as plants, seeds and oil. A website has been set up by the company, which says that patients “with a... Read More

Aurora Cannabis to supply medical pot to Mexico through partnership

Aurora Cannabis to supply medical pot to Mexico through partnership
EDMONTON — Aurora Cannabis says it will supply medical cannabis to Mexico through a partnership with pharmaceutical manufacturer and distributor Farmacias Magistrales. Farmacias recently got the green light to import cannabis, which Aurora says is the first and only import license granted by federal Mexican authorities to date. Aurora’s chief executive Terry Booth says the exclusive partnership expands the cannabis grower’s early mover advantage in... Read More

Aphria shares rise 51% as board names committee to review short-sellers’ claims

Aphria shares rise 51% as board names committee to review short-sellers’ claims
LEAMINGTON, Ont. — Shares of cannabis producer Aphria Inc. recouped some of their losses as its board of directors appointed a special committee to review the company’s acquisitions in Colombia, Argentina and Jamaica, which have been criticized by short-sellers. The Leamington, Ont.-based company’s board said it still has “confidence” in the deal, but in the face of “inaccurate and misleading accusations” contained in a short-sellers report published this week... Read More

Aphria names special committee to investigate allegations by short-sellers

Aphria names special committee to investigate allegations by short-sellers
LEAMINGTON, Ont. — Marijuana producer Aphria Inc. says its board of directors has appointed a special committee of independent directors to review the company’s acquisition of LATAM Holdings Inc., which has been criticized by short-sellers. The company says it remains confident in the deal, but in the face of what it called “inaccurate and misleading accusations” by the short-sellers it... Read More

Aphria defends Latin American operations following short sellers report

Aphria defends Latin American operations following short sellers report
LEAMINGTON, Ont. — Aphria Inc. says it stands behind its Latin American operations as its shares continued to fall in the wake of a short-sellers’ report that raised questions about the company’s acquisitions in the region. Aphria chief executive Vic Neufeld said Tuesday the acquisition of licenses and other assets and related businesses in Colombia, Argentina and Jamaica and a right... Read More

Couche-Tard ‘excited,’ but being careful around controversial Juul pods

Couche-Tard ‘excited,’ but being careful around controversial Juul pods
TORONTO — Alimentation Couche-Tard is keeping an eye on its policies around “lower risk” smoking products after controversial flavoured e-cigarette maker Juul Labs yanked mango, fruit and cucumber flavoured pods from U.S. shelves in a bid to reduce their appeal to minors. Brian Hannasch, the convenience store chain’s chief executive, said Couche-Tard is “excited” by the growth of the market for such... Read More

Stores fighting for Black Friday sales aim for convenience

Stores fighting for Black Friday sales aim for convenience
NEW YORK — Retailers are offering much of their Black Friday deals online, but shoppers still showed up at malls and stores around the country looking for discounts — and also to take in the scene. Kati Anderson said she stopped at Cumberland Mall in Atlanta Friday morning for discounted clothes for her husband as well as “the people watching.”... Read More

Stores usher Black Friday with easier ways to get deals

Stores usher Black Friday with easier ways to get deals
NEW YORK — Retailers aren’t just ushering the official start of the holiday season with the usual expanded hours and fat discounts on big TVs and toys. They’re offering new ways for shoppers to get deals online and in the store easier and faster in the age of instant gratification. Walmart introduced a digital map on its mobile app to... Read More

Metro Inc. sales grow in first full quarter with Jean Coutu brand

Metro Inc. sales grow in first full quarter with Jean Coutu brand
Metro Inc. saw sales grow more than 15 per cent in its first full quarter since acquiring the Jean Coutu Group pharmacy chain. “The Jean Coutu integration plan is on track,” said CEO Eric La Fleche during a conference call with analysts Wednesday. The grocery retailer acquired the pharmacy operator in May 2018 for about $4.5 billion. The acquisition helped boost Metro’s sales... Read More

Canada’s cannabis product shortage, by the numbers

Canada’s cannabis product shortage, by the numbers
Industry insiders say the cannabis product shortages that have plagued many provinces will likely persist for years. Here are a few numbers on how Canadian recreational cannabis sales have unfolded during their first legal month: 132: The number of companies licensed to produce cannabis in Canada, according to Health Canada. 78: The number of companies with a licence for sales.... Read More