Alberta
Cannabis ‘price war’ could cause ‘significant’ damage to industry: HEXO CEO
GATINEAU, Que. — Hexo Corp.’s chief executive says he’s seen a “price war” take shape over the last five months that could cause “significant” damage to Canada’s cannabis industry.
Charlie Bowman says there are many smaller and independent pot retailers that are “bleeding” because of the higher number of rivals and their tendency to undercut one another.
He says the industry’s pricing troubles have been compounded by the illicit market, which Bowman noticed had “fantastic” growth this year, challenging licensed cannabis producers.
Bowman is hopeful the Ontario Cannabis Store’s plan to reduce its margin and markups later this year will help licensed producers chisel away at the illicit market.
The provincial pot distributor’s move is expected to put $35 million back in the hands of licensed pot companies this fiscal year and $60-million in the 2024 fiscal year.
By the OCS’s count, the illicit market made up 43 per cent of Ontario’s cannabis market last March.
This report by The Canadian Press was first published March 17, 2023.
Companies in this story: (TSX:HEXO)
The Canadian Press
From Bonnyville RCMP
On May 3, 2025, at approximately 6:55 p.m., a male suspect drove a stolen trackhoe into the parking lot of the Bonnyville RCMP. The suspect dumped several boulders in front of the prisoner bay and then proceeded to damage 5 police vehicles, which were parked in the lot. The suspect then fled on foot.
Bonnyville RCMP, Police Dog Services and RPAS (drone), searched for the suspect and he was quickly located in a tree line just north west of the detachment. He was arrested and is currently in custody pending a Judicial
Interim Release Hearing.
The suspect cannot be named at this point as the charges have not been sworn before the courts. An updated media release is expected in the coming days.
Alberta
Pierre Poilievre will run to represent Camrose, Stettler, Hanna, and Drumheller in Central Alberta by-election
From LifeSiteNews
Conservative MP-elect Damien Kurek announced Friday he would be willing to give up his seat as an MP so Pierre Poilievre, who lost his seat Monday, could attempt to re-join Parliament.
Conservative MP-elect Damien Kurek announced Friday he would be willing to give up his seat in a riding that saw the Conservatives easily defeat the Liberals by 46,020 votes in this past Monday’s election. Poilievre had lost his seat to his Liberal rival, a seat which he held for decades, which many saw as putting his role as leader of the party in jeopardy.
Kurek has represented the riding since 2019 and said about his decision, “It has been a tremendous honor to serve the good people of Battle River—Crowfoot.”
“After much discussion with my wife Danielle, I have decided to step aside for this Parliamentary session to allow our Conservative Party Leader to run here in a by-election,” he added.
Newly elected Prime Minister of Canada Mark Carney used his first post-election press conference to say his government will unleash a “new economy” that will further “deepen” the nation’s ties to the world.
He also promised that he would “trigger” a by-election at once, saying there would be “no games” trying to prohibit Poilievre to run and win a seat in a safe Conservative riding.
Poilievre, in a statement posted to X Friday, said that it was with “humility and appreciation that I have accepted Damien Kurek’s offer to resign his seat in Battle River-Crowfoot so that I can work to earn the support of citizens there to serve them in Parliament.”
“Damien’s selfless act to step aside temporarily as a Member of Parliament shows his commitment to change and restoring Canada’s promise,” he noted.
“I will work to earn the trust of the good people of Battle River-Crowfoot and I will continue to hold the Liberal minority government to account until the next federal election, when we will bring real change to all Canadians.”
Carney said a new cabinet will be sworn in on May 12.
In Defeat, Joe Tay’s Campaign Becomes a Flashpoint for Suspected Voter Intimidation in Canada
Major automakers push congress to block California’s 2035 EV mandate
Suspect who killed 11 in Vancouver festival attack ID’d
Premier Danielle Smith responds to election of Liberal government
Post election…the chips fell where they fell
Hours after Liberal election win, Alberta Prosperity Project drumming up interest in referendum
Canada’s health department warns COVID vaccine injury payouts to exceed $75 million budget
-
Crime1 day agoOperation Take Back America Strikes Chinese Money Launderers in Charlotte Cartel Case
-
Business1 day agoBUILD CANADA NOW: An Open Letter to the Prime Minister of Canada from Energy Leaders
-
Alberta1 day ago
Bonnyville RCMP targeted by suspect driving a trackhoe
-
International1 day agoUnited Nations on brink of financial collapse
-
Health14 hours agoJay Bhattacharya Closes NIH’s Last Beagle Lab
-
Canadian Energy Centre1 day agoCanada’s energy leaders send ‘urgent action plan’ to new federal government
-
Business1 day agoWho owns Canada’s public debt?
-
Business14 hours agoWelcome to Elon Musk’s New Company Town: ‘Starbase, TX’ Votes To Incorporate