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SECOND CUP OPENS FIRST REC STORE

Aegis Brands, parent company to coffee-shop franchise Second Cup, opened its first Hemisphere Cannabis REC store in Toronto.
BNN Bloomberg

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

Aurora and Aphria considered a merger, but the deal fell through last week over compensation for the board and senior executives.
BNN Bloomberg

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.
Insurance Journal

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.
Business Insider

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.
Globe Newswire