While housing prices have soared throughout the country, the demand for industrial land in Kelowna has also been very strong. Over the past year there has been a 6.7 per cent increase in the amount of developed industrial space in Kelowna, according to a new report from MCL Real Estate Group. Thatâs added more than 700,000 square feet to the inventory, bringing the total amount of space to 11.4 million square feet.
Image Credit: SUBMITTED/MCL Real Estate Group May 09, 2021 - 7:00 AM While housing prices have soared throughout the country, the demand for industrial land in Kelowna has also been very strong.
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Dried flower remains Canadians top pot purchase in 2020 with over $2B sold
Canadians bought more than $2 billion of dried flower cannabis products last year, while sales of edible products remained muted, according to Statistics Canada.
StatsCan s quarterly retail commodity survey showed dried flower continued to dominate the legal Canadian recreational market, accounting for more than three-quarters of all sales. Roughly $2.01 billion of dried flower, which also includes pre-rolls, were sold in 2020, with the fourth-quarter seeing nearly double the amount sold from the prior year with $614.4 million, according to StatsCan.
Interestingly, the next leading category was extracts and concentrates, which came in at $323.9 million sold last year, or 12.3 per cent of all sales. The category, which was only made available for legal sale in Oct. 2019, surged in retail activity with quarterly sales tripling by the fourth-quarter of the year to $123.7 million. Extract sale
Canopy Growth s $435M deal for Supreme Cannabis highlights consumer interest in premium segment
As cannabis producers raced to the bottom to help move unsellable pot, the other end of the market remains in high demand.
Canopy Growth Corp. s acquisition of Supreme Cannabis Co. for $435 million on Thursday highlighted how valuable premium cannabis can still be in the Canadian recreational space. Sales in the segment are now booming following a rough-and-tumble period that saw more producers flock to the low-end of the market.
Most [consumer-packaged-goods] companies don t just rely on one brand, we wanted to make sure that we have appropriate scale in each in each price category, said Canopy s Chief Executive Officer David Klein in a phone interview.
Auxly Cannabis Group Inc. (TSXV: XLY) (OTCQX: CBWTF) launched a bought-deal offering to sell 40.55 million company’s units, with a price of 37 cents per unit to collect gross proceeds of $15 million.
ATB Capital Markets Inc. and Cantor Fitzgerald Canada Corp. were named underwriters and joint. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: