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
Alberta
Official statement from Premier Danielle Smith and Energy Minister Brian Jean on the start-up of the Trans Mountain Pipeline
Alberta
Protecting the right to vote for Canadian citizens: Minister McIver
Minister of Municipal Affairs Ric McIver issued the following statement in response to Calgary City Council’s vote to extend the right to vote to permanent residents:
“Yesterday, Calgary city council passed a motion advocating for permanent residents to be extended the right to vote in civic elections. Alberta’s government has been clear since the beginning: only Canadian citizens are able to vote in civic elections. That will not be changing.
“The Canadian Charter of Rights and Freedoms affirms the right of every Canadian citizen to vote and to run as a candidate. This right extends to voters in municipal, provincial and federal elections.
“Protecting our democracy is of the utmost importance. Our provincial election legislation, like the Local Authorities Elections Act, has also been clear since its inception that voting is a right of Canadian citizens.
“Alberta’s government is also ensuring that voting is accessible for more Albertans. The Municipal Affairs Statutes Amendment Act proposes to enable special ballot access for any voter who requests it, without having to provide any specific reason such as physical disability, absence from the municipality or working for the municipal election. The ministries of Seniors, Community and Social Services and Service Alberta and Red Tape Reduction are also making it easier for individuals to obtain the identification Albertans need for a variety of services, including the ability to cast a ballot.
“Our government will continue to protect the integrity of our elections and make sure voting is accessible for all Albertans who are Canadian citizens.”
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