Last week will be a week long-remembered by cannabis people in Ontario as delivery and curb-side pick up ended by the Province. Perhaps it will be only temporary, or perhaps those two purchase options will never come back. Either way, it will be long-remembered.
Other other interesting news – both positive and negative – in the sector as well.
We encourage you to sign up for a Cannabis Forward event this Wednesday looking at Canada’s original cannabis Province (BC).
Two kick to the shins in Canada’s largest Province last week:
The deadline ended (early) on Ontario retailers as they had delivery and curbside ended. There was a bit of confusion on the date it was supposed to happen, but it happened nonetheless. Marijuana Business Daily
Ontario won’t be getting lounges or event-based sales anytime soon. CBC
And there was tough cannabis news outside of Ontario too:
(Another) tough week for Organigram – more losses, shrinking revenue. Marijuana Business Daily
Aurora is closing some European offices and (even) more staff. BNN Bloomberg
High Times will stop publishing their magazine (for now?)… LA Cannabis News
And we’ll end with some silver linings:
(An A-List Canadian business celebrity) Bruce Croxon joined WeedMD’s board of directors. News Release
LeafLink – the presenting partner of our Cannabis + Technology back in April – had a very good week landing $250 million on debt financing. Yahoo Finance