The Edmonton-based cannabis company said the initial $26-million investment accelerates its pace of growth
Convenience store operator Couche-Tard plans to make a significant investment in Edmonton-based cannabis company Fire & Flower. Couche-Tard’s initial investment is for 9.9 per cent equity in Fire & Flower for close to $26 million, with potential to increase that stake in the near future to 50.1 per cent for more than $380 million. “Fire…
First four stores are in Edmonton. Company plans five more in coming years
Edmonton-based retailer Cloud Nine Pajamas has opened its fifth store and first in the Calgary area. The store is in the CrossIron Mills shopping centre in Rocky View County. The concept, which specializes in sleepwear and loungewear, is the brainchild of sisters Kate, Robyn Noel and Miranda Zechel. “CrossIron is our first location outside of…
Vacant housing in Calgary is also touching record levels: ATB report
For the fifth month in a row, the number of vacant new homes reached a record high in Edmonton, according to data released on Friday from ATB Financial’s Economics and Research Team. ATB said the number of completed but unabsorbed houses was 1,941 in January. Compared to last year, this number is 63 per cent…
Derek Hudson of Edmonton Economic Development Corp. talks about his organization's vision and why the city is on the rise
Derek Hudson is CEO of Edmonton Economic Development Corp. What’s the vision, mission and purpose of Edmonton Economic Development Corp.? Hudson: The purpose of Edmonton Economic Development (EEDC) is to build a prosperous and resilient Edmonton economy by best positioning our city to drive key elements of economic success. EEDC is a unique model in…
The Edmonton office market reported positive absorption for the third quarter in a row: Colliers
For the second consecutive quarter and the fourth time since the first quarter of 2015, the downtown Calgary office market experienced positive absorption, equal to 113,962 square feet in the second quarter of this year, says commercial real estate firm Colliers International. “This also marks the second time since 2012 that Colliers has recorded two consecutive…
Edmonton added 5,900 positions from May. Calgary, on the other hand, saw losses of 4,600 jobs
The labour picture in Alberta’s two biggest cities showed contrasting directions in June, according to ATB Financial’s Economics and Research Team. In a report filed Friday, ATB said Edmonton added 5,900 positions from May and the unemployment rate ticked a 10th of a percentage point higher to 6.6 per cent. Calgary, on the other hand,…
Company signs agreement with AGLC to supply up to 25,000 kilograms to the Alberta market in first six months
Aurora Cannabis Inc. says it has entered into an agreement with the Alberta Gaming, Liquor and Cannabis Commission to supply high-quality cannabis products for the adult consumer use market in the province. The Edmonton-based company said it will initially allocate up to 25,000 kilograms of product for the first six months of sales to this…
Convenience store operator Couche-Tard plans to make a significant investment in Edmonton-based cannabis company Fire & Flower. Couche-Tard’s initial investment is for 9.9 per cent equity in Fire & Flower for close to $26 million, with potential to increase that stake in the near future to 50.1 per cent for more than $380 million. “Fire…
