Revenue increased to $8M with EBITDA of $1.2M. Organic Garage’s online sales almost doubled month-over-month in April to 6.6% of total sales. The Company’s 5th store, located in the Leaside neighborhood of Toronto, is set to open in Q2/2021. [more]
Recently, the Trump administration ordered more than 500,000 doses of Remdesivir, fully clearing out Gilead’s supply for July and taking 90% of Gilead’s production in August and September, leaving no supply for the rest of the world. [more]
The plant-based protein industry experienced significant growth in the past year as several emerging companies developed new innovative plant-based products, while larger traditional restaurants and retail chains created partnerships to meet public demand. [more]
At the PGC Conference, the topic of COVID-19 and its effects on the gaming industry was brought up numerous times, as the industry experienced a surge in user activity and engagement due to consumers staying isolated at home with more free time. [more]
After the fiscal year end, the Company experienced “unprecedented” consumer demand because of the COVID-19 pandemic. OG is still on track to open its 5th store, in the Leaside neighborhood of Toronto, in early 2021. [more]
WELL Health books record revenue in quarter, completes $14.4M financing & acquires Indivica for $6.2M. CloudMD raises $13M and Greenbrook TMS completes C$15M equity offering. [more]
Other major events and reports related to the cannabis industry include: Cannabis Treatments for COVID-19; Canopy Growth loses two executives; Green Thumb Industries triples revenue; Tilray hopes to be profitable by year-end; United Cannabis files for bankruptcy. [more]
Newtopia focuses on disease prevention and aims at delivering positive habit changing behaviour to participating individuals by understanding social and psychological factors, coupled with insights through genetic testing. [more]
The need for protective medical equipment such as masks, gloves, and disinfectants have never been higher. Canadian public companies focused on protective equipment include AirBoss of America, iFabric, GDI Integrated Facility Services, and Ovation Science. [more]
Foodora announces closing of its Canadian arm and files for bankruptcy, however, its parent company, Delivery Hero SE, a Berlin-based food delivery company, reported revenue growth of 92% in Q1/2020. [more]
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