Bruce Linton thought his firing would be news for weeks: enter CannTrust.
Last week’s news kicked Bruce Linton and Canopy’s leadership shake-up directly off the cannabis front burner.
If you haven’t heard about CannTrust’s issues and why a “root-cause analysis” is currently underway, here’s a recap, including how it was “quite a shock” to the company chairman.
And while the focus has been on big LPs Canopy and CannTrust the past few weeks, big LPs Organigram and Aurora are making their own news:
Aurora received two outdoor growing licenses last week as well as a processing license.
Organigram released their quarterly financials earlier this morning: Q3 net revenue up 621 percent.
The news of CannTrust also took many eyes off of Ontario’s new plan for cannabis retail – the opening up of 50 new licenses, 42 of which will be allocated by lottery…
And (again) none of the licenses in this round will be in Mississauga according to the Mayor.
While Ontario continues the slow build out, Alberta is crushing private cannabis retail.
No matter if they roll out slowly or quickly, cannabis retail will have new products on shelves in December. The Toronto Star took a look at what might be there. Hint: Limited products
Business of Cannabis co-founder/president was on CP24 in Toronto to talk about the unregulated market’s impact on the regulated market.
And amidst all this tough news, we have two laughs for you this morning
First, from Israeli wedding just got a lot more fun. From the Times of Israel…
Second, from Georgia (the state, not the country…) this birthday cake was meant to be Moana, not marijuana…
Finally, news from the cannabis industry leadership desk: Nick Pateras of Lift&Co. is heading to Materia Ventures with Deepak Anand and Michael Garbuz. Prompting fun canna-Twittersphere kudos, including this: