adplus-dvertising
Connect with us

Business

Ontario sells Edibles and other cannabis products

Published

 on

TORONTO — Ontario cannabis store shoppers with a hankering for edibles were out of luck Monday.

Most of the province’s licensed retailers had yet to receive their first shipments of 59 products including soft chews, cookies and chocolates that were slated to start appearing in stores that day.

But the Ontario Cannabis Store, the province’s pot distributor, said products are on their way and likely already in some shoppers’ hands.

“Some stores outside the GTA have received products,” spokesperson Daffyd Roderick said. “Some are selling them tomorrow.”

Roderick said he could not name which stores have received shipments of edibles for security reasons, but said they were all outside the GTA.

Those that have placed orders are guaranteed to get them on the regular delivery dates that their other cannabis products usually arrive on, he said.

The OCS had previously warned that the supply of edibles could be tight and sell out quickly. It vowed to rapidly replenish supplies and roll out more products in the coming months as they receive regulatory approvals.

Alcanna Inc.’s Nova Cannabis store on Queen Street West in Toronto was among the locations without cannabis stock on Monday, but handfuls of shoppers there and at the Hunny Pot store down the street told The Canadian Press they were either uninterested in cannabis edibles or unaware they were scheduled to hit shelves this week.

Dave Crapper, the Alberta company’s senior vice president of communications, wasn’t surprised to hear there was no wave of disappointed customers clamouring for products because he is expecting most of the interest in edibles to come from people who have yet to dabble with cannabis but who want to “begin nibbling.”

“They are not on pins and needles about when the product will be available,” he said. “We are not antsy about any of this. It’s a new industry. It is going to have growing pains.”

Dan McKay, a 23-year-old business student who visited Nova on Monday to pick up dried flower, said he plans to try edibles when they’re available.

He wasn’t aware that they were slated to be sold in the province this week, but said he wasn’t surprised some customers are having to wait a little bit longer for them.

“It took us what seemed like forever to get cannabis in stores in the first place,” he said. “It would be silly to think edibles will be any quicker.”

He didn’t hear anyone asking about edibles at the store, but said he expected people who were interested in the product either anticipated a delay or made their purchases through the black market.

Crapper is “optimistic” that Nova will have some edibles in stock this week, but was unsure what day anything will arrive.

Once the company gets its delivery, all eyes will be on what customers grab and how that can be used to inform future ordering decisions.

“It is going to be a bit of a trial and error process on everyone’s part,” says Crapper.

The company has decided to “err on the side of more availability” and stock a wide variety of items until it can better predict what will satiate shoppers.

Prices for legally sold edibles will range from $7 to $14, beverages are set to cost between $4 and $10, and vapes will be priced anywhere from $25 to $125.

Edibles will be available online in the province starting Jan. 16.

Click on the link to see top places you can get Cannabis products

Source link

Business

Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

Published

 on

 

TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

Published

 on

 

ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Thomson Reuters reports Q3 profit down from year ago as revenue rises

Published

 on

 

TORONTO – Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent.

The company, which keeps its books in U.S. dollars, says it earned US$301 million or 67 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$367 million or 80 cents US per diluted share in the same quarter a year earlier.

Revenue for the quarter totalled US$1.72 billion, up from US$1.59 billion a year earlier.

In its outlook, Thomson Reuters says it now expects organic revenue growth of 7.0 per cent for its full year, up from earlier expectations for growth of 6.5 per cent.

On an adjusted basis, Thomson Reuters says it earned 80 cents US per share in its latest quarter, down from an adjusted profit of 82 cents US per share in the same quarter last year.

The average analyst estimate had been for a profit of 76 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:TRI)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending