Superette CEO Mimi Lam is taking her cannabis retailing business to the street after the Ontario government backtracked on last week’s decision to shut down all private pot sales in the province.
Rather than having to show a 30-per-cent decline in revenues, he says they can show a 15-per-cent decline in March, and can compare their revenues to previous months rather than the previous year.
Builders in Ottawa continued to start new homes at a brisk pace in March while starts on the Gatineau side of the River fell significantly compared with a year earlier, CMHC says.
Despite the economic fallout from the COVID-19 pandemic, at least one Ottawa tech firm didn’t hesitate to pull the trigger on a major deal to expand its market share.
The Ontario government’s decision late last week to change course and order pot stores to close feels like a bit of a double whammy to the owner of Hobo Cannabis.