Week in Weed – June 22, 2024

| Staff

This week at StratCann, we looked at retail national cannabis sales, which continue to grow, but at a much slower rate. We also looked at a new cannabis patio in BC, and at some recent Indigenous cannabis-related topics for National Indigenous History Month.

In finance-related cannabis news, we looked at the ongoing conflict between BZAM and Final Bell. Atlas Global Brands was granted CCAA protection, BC’s Christina Lake Cannabis filed its year-end report for 2023, and Aurora shared their most recent quarterly report.

Also, a Danish medical cannabis company is looking to bring its unique cannabis oil to Canada.

In other cannabis news this past week…

Vancouver’s Travis Petersen, known as ‘the Nomad Cook,’ was in Winnipeg last week serving up a five-course infused dinner made with cannabis at a pop-up event to a handful of local cannabis connoisseurs

A property near Mission, BC, with a 16-year history of bylaw contraventions, including unpermitted cannabis production, has racked up over $5,000 in fines. 

A new study has found that the rate of cannabis-related disorders diagnosed among pregnant women in Québec increased by more than 20% after legalization, while rates for all other drug- and alcohol-related disorders remained stable.  

The Chicoutimi borough council refused to authorize a potential move of the branch of the Société québécoise du cannabis (SQDC) on Racine Street.

A town council in Quebec refused to authorize a potential move by the SQDC. During a meeting of the Chicoutimi council on Tuesday, 4 of the 5 councillors spoke against the approval of the use of sales of products resulting from the cultivation of cannabis in the building in question, located at the intersection of the streets Racine and Sainte-Anne.

Cronos Group Inc. announced an expansion of Cronos Growing Company (GrowCo), with about $71 million provided by an additional credit facility from Cronos intended to assist GrowCo’s expansion to satisfy domestic and international demand. 

Village Farms International, a Canadian company that holds one of ten licenses to cultivate and distribute cannabis in the Netherlands, congratulated the country on the expansion of its cannabis supply pilot project.

MediPharm Labs Corp. announced it has entered into a licensing agreement with Remidose Aerosols Inc. to acquire the exclusive rights to the latter’s cannabis products. Current Remidose customers will be serviced through MediPharm starting August 2024. 

High Tide Inc. announced the opening of a new Canna Cabana retail cannabis store in Calgary, opening on June 21. This is the chain’s 80th location in Alberta and High Tide’s 173rd Canna Cabana branded retail cannabis location in Canada.

And finally, Fort St John RCMP seized cash, cannabis, and psilocybin in a case they say involves sales to minors.