A note to kick off your week:
Saturday marked the 3-year anniversary of Business of Cannabis. In cannabis industry years, that’s like 20+ years ago. We are proud of where we’ve been – and are excited about what the future holds in 2021. Stay tuned to this space in the coming weeks to hear more about our plans for 2021…
The US celebrated Thanksgiving last week, making the week seem a little less hectic in the cannabis sector – but there was important news. Including Ontario reaching 250 cannabis store authorizations, a profitable Cannabis NB and a pretty big deal involving one (of many) cannabis SPACs (special purpose acquisition corporation).
As well, we have one last event coming up on December 10th: Cannabis Retail 2021 | A Look Ahead. Made possible in partnership with Torkin Manes LLP, the Official Law Firm of Business of Cannabis, this program promises to be impactful and one you won’t want to miss.
On Saturday, Business of Cannabis celebrated our 3-year anniversary. Here was our first Tweet:
In the US, a major acquisition/consolidation of brands with cannabis’ largest Special Purpose Acquisition Corporation: Subversive Capital. The deal brings Jay-Z, Roc Nation, Caliva and Left Coast Ventures under one roof. New Cannabis Ventures
In Ontario, the Province authorized its 250th cannabis retailer to open up. (Of course, only those stores in current lockdown zones are temporarily able to compete with the Ontario Cannabis Store’s online and delivery options… for now.) AGCO
Cannabis New Brunswick – still under the cloud of possible privatization – is proving to be a profitable enterprise for the Province. Turning 12 straight months or profitability. Global News
Finally, Peter Aceto, formerly of CannTrust, has a new gig.