Aegis Brands, parent company to coffee-shop franchise Second Cup, opened its first Hemisphere Cannabis REC store in Toronto.
- In the summer of 2018, the Second Cup partnered with Meta Cannabis with a plan to convert many of the its 130 Ontario coffee shops to REC stores.
Financial Post, The Leaf
In Other Sector News:
Canopy cut 30 more employees at their Smiths Falls, ON headquarters, following 200 job cuts in April (44 of which were in Smiths Falls), and 500 jobs cut in BC in March. The company’s head office still employes roughly 1,500.
MJ Biz Daily, Inside Ottawa Valley
Hexo announced it will begin selling MED in Israel through a two-year agreement with Israeli MED company Breath of Life. Israel recently overtook Germany as the largest international MED importer.
Globe Newswire, the Deep Dive, MJ Biz Daily, Marketwatch
As the number of shareholder lawsuits against LPs mounts, directors’ and officers’ liability insurance is getting more expensive and harder for LPs to attain.
Business Insider considered the downfall of cannabis digital media company Civilized, which folded in December and still owes back pay to former employees and freelancers.
BMO Capital Markets has long been one of the only major banks to deal with the sector. This week, chief operating officer Chris Taves joined the board of directors of LP MediPharm Labs.