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Pot vapes, edibles and drinks scarce in Ontario on Day 1 of legal sales – Yahoo Canada Finance

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Chocolate samples from Tweed, Tokyo Smoke, and The Bean and Budd Craft Cannabis Company seen during a tour at a Canopy Growth facility that produces cannabis derivatives in Smiths Falls, Ontario, Canada October 29, 2019. REUTERS/Blair GableChocolate samples from Tweed, Tokyo Smoke, and The Bean and Budd Craft Cannabis Company seen during a tour at a Canopy Growth facility that produces cannabis derivatives in Smiths Falls, Ontario, Canada October 29, 2019. REUTERS/Blair Gable
Chocolate samples from Tweed, Tokyo Smoke, and The Bean and Budd Craft Cannabis Company seen during a tour at a Canopy Growth facility that produces cannabis derivatives in Smiths Falls, Ontario, Canada October 29, 2019. REUTERS/Blair Gable

Ontarians hoping to indulge in legal cannabis vapes, edibles, drinks and other so-called 2.0 pot products had few options on the first day of sales. 

The Ontario Cannabis Store (OCS), the Crown corporation overseeing legal sales to consumers and wholesale to private shops, authorized physical stores to start selling 59 new products beginning on Monday. The list is dominated by vapes, but also includes edibles and one beverage product. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="OCS warned that supply would be tight at the onset, with some products selling out quickly before being replenished in the coming months. However, a phone survey by Yahoo Finance Canada on Monday revealed the vast majority of stores in the province did not have a single product from the new categories available for sale.” data-reactid=”24″>OCS warned that supply would be tight at the onset, with some products selling out quickly before being replenished in the coming months. However, a phone survey by Yahoo Finance Canada on Monday revealed the vast majority of stores in the province did not have a single product from the new categories available for sale.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Ontario currently has 24 physical cannabis stores open for business. Of the 19 reached by phone by Yahoo Finance Canada, only two said they had cannabis 2.0 inventory available; Hello Cannabis in Hamilton, Ont. and Choom Cannabis in Niagara Falls, Ont. Most that had not received their order said they expect delivery from the province later in the week.&nbsp;” data-reactid=”25″>Ontario currently has 24 physical cannabis stores open for business. Of the 19 reached by phone by Yahoo Finance Canada, only two said they had cannabis 2.0 inventory available; Hello Cannabis in Hamilton, Ont. and Choom Cannabis in Niagara Falls, Ont. Most that had not received their order said they expect delivery from the province later in the week. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="OCS communications director Daffyd Roderick told Yahoo Finance Canada deliveries are “on schedule and on time.”” data-reactid=”26″>OCS communications director Daffyd Roderick told Yahoo Finance Canada deliveries are “on schedule and on time.”

“Due to varying delivery schedules, stores will receive shipments on different dates,” he wrote in an email on Monday. “For example, some stores receive shipments on Mondays, others Wednesdays, etc. This is not due to a delay, but rather the normal delivery schedule, which stores selected.”

Roderick added that there is a limited supply available from licenced producers, and more products will be available in the coming months. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Ontario has faced harsh criticism from licenced producers, consumers and investors over its handling of legal cannabis since recreational sales were authorized on Oct. 17, 2018. The province initially capped the number of stores in the province at 25 awarded through a lottery amid fears of supply shortages. The much-maligned&nbsp;lottery system and store cap were scrapped last month.” data-reactid=”29″>Ontario has faced harsh criticism from licenced producers, consumers and investors over its handling of legal cannabis since recreational sales were authorized on Oct. 17, 2018. The province initially capped the number of stores in the province at 25 awarded through a lottery amid fears of supply shortages. The much-maligned lottery system and store cap were scrapped last month.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The release of new pricier cannabis products has been hotly anticipated by licenced producers, many of whom have fallen on tough financial times.&nbsp;A study last year by Deloitte&nbsp;estimated the market for edibles and other alternative cannabis products in Canada will be worth $2.7 billion annually and generate higher profits.” data-reactid=”30″>The release of new pricier cannabis products has been hotly anticipated by licenced producers, many of whom have fallen on tough financial times. A study last year by Deloitte estimated the market for edibles and other alternative cannabis products in Canada will be worth $2.7 billion annually and generate higher profits.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist.” data-reactid=”31″>Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Download the Yahoo Finance app, available for&nbsp;Apple&nbsp;and&nbsp;Android.” data-reactid=”32″>Download the Yahoo Finance app, available for Apple and Android.

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Baby cereal recalled in Canada due to rare bacterial illness concerns – Global News Toronto

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Baby cereal recalled in Canada due to rare bacterial illness concerns  Global News TorontoView Full Coverage on Google News

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How to Start a Business?

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Market Research

You have to conduct research on the whole market and find out the gap. This gap will be your opportunity. Moreover, this research will give you an idea of how different businesses work and how they fulfill the needs of the people. Businesses work due to the demand for their products and services in the market. So, through this research, you have to collect information about the following things:

 

 

You can use surveys, questionnaires, and focus group interviews to extract information on the above factors.

 

Business Plan

Develop a complete roadmap for your business. This plan should cover all the details from the manufacturing to the sales and pricing.

 

It has a summary of the complete execution of the company, including the mission of the company, product or service of the company, competitors of the company, management, and employees of the company, as well as the location of the company. This plan should be in such a way that everyone can easily understand.

Investment For Business

If you are not self-funded, then you will need investment for your business. There are several ways to find investment, such as the following:

 

●     Venture capital

You can offer the shares of the company in exchange for shares of the company. In the beginning, you have to offer the company ownership to finance your project.

●     Crowdfunding

In this type of investment, a large number of people give funds to the startup. They are not given shares and profits from the company. However, the company provides them with gifts in the future for their finances.

●     Loans

There are many government and private companies that are offering loans for small and large companies. For this loan, you have to prepare a business plan, expense sheet, and expected profits. You can find several companies that are providing loans for businesses, such as Lendforall, Baker Tilly, West Bank Union, etc.

Structure of Business

Before starting a business, you have to select its structure. Traditionally, you will find the following structures of business:

  • Sole proprietorship
  • Partnership
  • Limited Liability Company
  • Corporation

 

To select any structure, you must analyze and compare your business with others. You will get an idea of which structure will be the most suitable for your business.

Business Tools

Nowadays, there are several business tools available in the market. These tools have made business management easy to a great extent. However, you have to invest in these tools to compete the market. Here are some important tools for business:

 

 

Many other tools are available in the market that are used for different management purposes.

Registration of Business

You have to register your business with the federal government. Moreover, you should apply for the insurance for your business. There are many other documents, such as tax IDs from federal and state governments, licenses and permits for your business, and applying for a business bank account.

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Show Employers You Can Hit the Ground Running

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Employers are increasingly stating: “We want someone who can hit the ground running.”

Essentially, the message is, “Don’t expect us to explain the basics. We expect you to know your sh*t.” Employers understand you’ll need time to learn their business, applications, software, infrastructure, etc. However, they expect that you’re proficient in Microsoft Office Suite software (Word, Excel, PowerPoint), understand file management (creating, saving, and organizing files), and know how to troubleshoot common computer problems, and won’t be learning these basic computer skills as part of your learning curve on their dime.

Employers aren’t in the business of training people. You’re responsible for your career; therefore, you’re responsible for acquiring the skillset you need.

For an employee’s compensation to be justified, an ROI (return on investment) is required. When referring to employment, ROI refers to the value an employee brings to the company relative to their compensation. Employers pay their employees, and employees work for their wages. Employee work value is created when their work directly or indirectly results in profitably selling the company’s goods and services. Your best chance of job security (no guarantee) is to be an employee who undeniably contributes measurable value to your employer’s profitability.

(Employee’s measurable value to the company) – (Employer’s investment in compensation) = (ROI)

Understandably, employers are looking for candidates who can make an immediate impact, individuals who can jump right in, learn and adapt quickly, and start delivering results as soon as possible. Hence, you want to distinguish yourself as being capable and willing to “hit the ground running.”

Here are some tips to help you present yourself as a fast-starting, high-potential hire:

Emphasize relevant experience

Presenting irrelevant information will be perceived as lacking the ability to communicate succinctly, a highly valued skill in the business world. Only share experiences and quantified results (key), results that are pertinent to the position you’re applying for.

When crafting your resume and cover letter, identify the skills, knowledge, and previous responsibilities/quantified results that align with the job you’re aiming for. By demonstrating that you’ve “been there, done that” and brought measurable value to previous employers in a similar scenario, employers will feel confident that you can immediately deliver value.

Showcase transferable skills

Consider the universal soft skills that employers universally value.

  • Analytical
  • Communication
  • Interpersonal
  • Problem-solving
  • Project management
  • Time management

Tell STAR (Situation, Task, Action, Result) stories—describing a specific situation, the task you were assigned, the actions you took, and the results of your actions—that showcase your soft skills and explain how you can leverage them to succeed in the role you’re applying for. This’ll assure your interviewer you have the fundamental skills to achieve successful outcomes.

“While working at Norback, Jenkins, & St. Clair, I led a team of five architects to redesign a historic downtown Winnipeg landmark according to strict deadlines and complex stakeholder demands. I conducted Monday morning team meetings and used Slack to provide tailored updates to keep the team aligned. As a result of my communication skills, the project was completed on time and under the $7.5 million dollars budget.”

Discuss onboarding insights

A great way to position yourself as someone eager to hit the ground running is to show that you’ve considered what it’ll take to start delivering value.

“Based on my understanding of the typical onboarding timeline for this type of position, I anticipate completing all training and ramp-up activities within my first two weeks, enabling me to begin tackling projects by my first quarter.”

Assuming you’ve researched the company and studied current industry trends, which you should have done, mention the extra steps you’ve taken to prepare for the role. This’ll show your willingness to learn and will require minimal handholding.

Emphasize quick adaptability

Employers value the ability to adapt quickly to new situations and challenges. During your interviews, share examples of your flexibility and agility.

At some point in your career, you’ve likely had to learn something new (e.g., software, operating system) on the fly. Also likely, you’ve had to navigate a major change or disruption. Using STAR stories, explain how you approached these scenarios, your strategies, and the positive outcomes.

By showing resilience, resourcefulness, and adaptability, you demonstrate that you can thrive in ambiguous or rapidly evolving environments.

Propose a transition plan.

Presenting a transition plan is a strategy that wows employers, primarily because it is rare for a candidate to do this. This shows you’re ready to take ownership of your onboarding and deliver results.

Include specifics like:

  • Milestones you aim to accomplish in your first 30, 60, and 90 days.
  • Training activities or learning opportunities you’ll pursue.
  • Initial projects or tasks you’d tackle to demonstrate your capabilities.
  • Ways you’ll quickly build relationships with your new colleagues.

Showing this level of forethought and initiative shows you’re a strategic thinker, able to organize your thoughts, and, most importantly, eager to get started.

By touting your relevant experience, showcasing your transferable skills, discussing your onboarding insights, emphasizing your quick adaptability, and proposing a detailed transition plan, you’ll position yourself as a self-driven professional capable of driving results from the start, differentiating you from your competition.

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Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

 

 

 

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