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Seth Rogen's Houseplant brand is leaving Canada and it's our own damn fault

Seth Rogen's Houseplant brand is leaving Canada and it's our own damn fault
leafly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leafly.com Daily Mail and Mail on Sunday newspapers.

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Legal cannabis sales in Ottawa flat as stores continue to multiply

Cannabis consumers purchased more than $13 million worth of legal pot in Ottawa from authorized brick-and-mortar retailers in the first quarter of the year, according to new figures from the province.
The snapshot of the local cannabis market provided by the Ontario Cannabis Store Thursday shows that while sales revenues have remained relatively constant over the past year, the number of retailers operating in Ottawa has multiplied from seven in the first quarter of 2020 to 28 in the same period this year. Consumers can also purchase cannabis online directly from the Ontario Cannabis Store.
With dozens of additional stores either preparing to open, or in the application process, some have questioned whether the market is approaching a saturation point. By some experts’ calculations, if all of the pending stores in Ottawa do launch as planned, there will be twice as many cannabis retail stores in Ottawa as there are LCBO and The Beer Store outlets combined. ....

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Legal cannabis sales in Ottawa flat as stores continue to multiply

Cannabis consumers purchased more than $13 million worth of legal pot in Ottawa from authorized retailers in the first quarter of the year, according to new figures from the province.
The snapshot of the local cannabis market provided by the Ontario Cannabis Store Thursday shows that while sales revenues have remained relatively constant over the past year, the number of brick-and-mortar stores operating in Ottawa has multiplied from seven in the first quarter of 2020 to 28 in the same period this year.
With dozens of additional stores either preparing to open, or in the application process, some have questioned whether the market is approaching a saturation point. By some experts’ calculations, if all of the pending stores in Ottawa do launch as planned, there will be twice as many cannabis retail stores in Ottawa as there are LCBO and The Beer Store outlets combined. ....

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Cannabis Movers & Shakers: Valens, Ayurcann, SpeakEasy, General Cannabis

Valens Shakes Up Leadership Team
The Valens Company Inc. (TSX:VLNS) (OTCQX: VLNCF) has recently appointed Sunil Gandhi as its chief financial officer and Adam Shea as chief commercial officer.
Gandhi, who agreed to oversee the financial department of the British Columbia-based company, has over 25 years of experience in corporate and operational finance across consumer packaged goods and alcohol beverage industries. He previously served as CFO at Trophy Foods, Inc.
Shea brings more than 16 years of experience in commercial strategy in different consumer-focused companies within the food, beverage, tobacco, and cosmetics industries. Prior to joining Valens, he served as vice president and general manager at North American Foodservice of Weston Foods Ltd. ....

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From lawyers to landlords, Ottawa entrepreneurs continue to rush into increasingly crowded cannabis retail market

Former Ottawa business lawyer Koby Smutylo was one of many entrepreneurs prepared for that auspicious day on Oct. 17, 2018, when it became legal to sell recreational marijuana in Canada.
Highly knowledgeable and experienced in the budding industry, he raised millions of dollars through investors. He began leasing downtown storefronts, hiring staff – only to have his plans for his cannabis startup, Ouid, stubbed out when the Ontario government changed the rules. It temporarily capped the number of stores that could open and introduced a controversial lottery system that saw licenses awarded to 25 outlets across the province.
Ouid wasn’t one of them. But it was far from the end of the rollercoaster ride for Smutylo, his partners and countless other retail entrepreneurs keen to jump into the emerging sector. ....

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