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BC Cannabis Stores is a chain of retail outlets operated by the British Columbia Liquor Distribution Branch to distribute cannabis products in the Canadian province of British Columbia. Unlike BC Liquor Stores , BC Cannabis Stores operates an online store for consumers.
[7] [8] The Ontario Cannabis Retail Corporation (OCRC), was established as a subsidiary of the LCBO with a mandate to initially open 40 stores before legalization took effect in October 2018. [9] [10] OCRC also entered a partnership with Shopify to use the company's platform for operating the province's online cannabis sales. [11]
In response to Statistics Canada's 2021 Canadian Cannabis Survey, 64% of cannabis users reported that they usually purchased cannabis from a legal storefront or online store, up from 54% in 2020 and 37% in 2019. [82] Canadian Olympic gold medalist Ross Rebagliati is an entrepreneur in the cannabis industry.
Ghost Drops, one of Canada's most popular cannabis brands, has just launched their flagship dispensary storefront in Toronto's Queen West neighbourhood.
Cannabis NB was established in 2018, following the introduction of the Cannabis Act, legalizing cannabis use across Canada. [8] After initially struggling financially, Cannabis NB started profiting towards the end of 2019 and fully paid off $37 million from startup costs in February 2022.
The purchase price is equal to $85 million in cash, according to a filing with the Securities and Exchange Commission.