Kiaro Holdings Corp. (TSXV: KO) ("Kiaro" or the "Company") is pleased to announce its second-quarter financial results for the three and six months ended July 31, 2021 and 2020. With the closing of the acquisition of Sculthorp SEO Inc. on July 12, 2021, Kiaro created a new segment in reporting this quarter, and now reports on Retail, Wholesale, and eCommerce operations, all of which were profitable during the quarter. All amounts, unless specified otherwise, are expressed in Canadian dollars.

The real estate needs of Canada’s emerging cannabis sector are still shaking down as producers, processors and retailers mature.

While the retail sector grows rapidly and offers opportunity for retail property owners, the market for massive greenhouse production facilities has slumped. Processors of cannabis 2.0 products such as beverages and gummies are having to compete in the tight and increasingly costly industrial property sector.

The Canadian cannabis market is also developing unevenly as each province opens up its regulatory regime differently.

Nadia Vattovaz, chief operating officer for retailer Fire and Flower, says Alberta is moving toward maturity in the market more quickly than other provinces because it has a head start in opening up.

A recently released cannabis report indicates that new formulations will be needed to satisfy changing consumer styles and demands. The report from the EY Cannabis in Canada team outlines the rapidly changing cannabis landscape, and explains that the companies out there today need to stay active to be prepared for what’s ahead. “There’s so much possibility of how the cannabis plant can be used,” Joel Alden, a partner at EY Canada, told the Investing News Network (INN) in a phone interview.

Last year, we saw pro-pot lawmakers attempt to load up any and every COVID-19 aid bill with marijuana industry wish list items. Though none of those attempts proved successful, they are back at it again.

Last week, Rep. Ed Perlmutter (D-Colo.) offered the SAFE Banking Act as an amendment to the annual military spending bill known as the National Defense Authorization Act, or NDAA. The NDAA is a must-enact defense spending bill that Congress has passed into law each year for 60 years in a row. Which renders Perlmutter’s move especially shady.

True Leaf Brands Inc. has appointed Legacy market veteran Andrew Gordon as vice-president of Strategic Growth of the True Leaf Cannabis Inc. division. Gordon will transition to CEO of the division upon security clearance and Health Canada approval. In a prepared statement, True Leaf officials said they believe the division will benefit from Gordon’s vast experience working with diverse stakeholders and regulators to build accountable, community-responsive, and financially sustainable business models in the cannabis industry.

Previously, Gordon was senior vice-president of Kiaro Brands Inc., a publicly traded omnichannel cannabis retailer with wholesale distribution and retail stores across Canada and e-commerce sales in North America and Australia.

ESG ROUNDTABLE

The Canadian Securities Administrators will hold a virtual roundtable on environmental, social and governance related regulatory issues in asset management on Monday. ESG investing has attracted growing interest from individual investors as well as larger institutional money managers.

AURORA RESULTS

Aurora Cannabis Inc. will release its fourth-quarter and full year results after the close of markets on Monday. The cannabis company said last week that it would close its Aurora Polaris property in Edmonton as part of a plan to streamline its operations.

After serving as a helicopter pilot in the army for several years, Socrates Rosenfeld turned to cannabis as a sort of meditative medicine. And in 2014, as a McKinsey analyst studying “aggregators” like DoorDash, he saw an opportunity in the budding space.

Rosenfeld told Retail Brew he predicted that in a few years “the cannabis consumer will expect to shop online.” He reasoned that the experience should be as seamless as buying groceries or shoes—a digital world where you can read customer reviews that say which sneakers run a size small and which edible knocks you out—but the industry (and the law) wasn’t quite there yet.

Retail cannabis sales in Canada continue to rise, with sales in July approaching $340 million, a new record.

The latest numbers from Statistics Canada show that sales have continued to climb, month over month, since March.

THC BioMed Intl Ltd. ("THC BioMed" or the "Company" is pleased to announced that 3 new THC BioMed products are to be listed and sold through the Ontario Cannabis Stores: Dragon's Lettuce dried cannabis, THC Kiss Cannabis Biscuits (Cocoa) and THC Kiss Cannabis Biscuits (Cinnamon.)

Dragon's Lettuce

We are pleased to introduce Dragon's Lettuce into Ontario. It's our most potent sativa landrace strain. It is cultivated indoors in small batches at our facility in British Columbia. Dragon's Lettuce has a minimum THC potency of 20%.

THC Kiss Cannabis Biscuits – Cocoa and Cinnamon

We are also excited to begin selling our latest offering, THC Kiss Cannabis Biscuits, in Ontario. These edibles come in two delicious flavours: Cocoa and Cinnamon.

Tremblant Cannabis, a subdivision of Laurentian Organic, announced its entry into the Ontario concentrates market this month. Their premium craft hash products will hit the shelves in retail locations across Ontario in partnership with The Ontario Cannabis Retail Corporation, which operates stores as Ontario Cannabis Store (OCS). 

Laurentian Organic Inc. is one of the first licensed cannabis producers in Quebec, with a leadership team boasting more than 50 combined years of cannabis industry experience. The company produces various cannabis flower and hash products. 

Interview with Eric Brosseau, Co-Founder and CEO of Tremblant Cannabis