Ayurcann Holdings Corp., a leading Canadian cannabis extraction company specializing in the processing and manufacturing of various cannabis 2.0 and 3.0 products in the recreational market, is pleased to announce its financial and operational results for the three and nine months ended March 31, 2024, the highlights of which are included in this news release. All figures are reported in Canadian dollars. The Company’s full set of consolidated financial statements for the three and nine months ended March 31, 2024 and accompanying management’s discussion and analysis can be accessed by visiting the Company’s website at www.ayurcann.com and its profile page on SEDAR+ at www.sedarplus.ca.
FINANCIAL HIGHTLIGHTS FOR THE THREE- AND NINE-MONTHS ENDING MARCH 31, 2024
Gross revenue increased to $11,655,360 for the three-month period (compared to $5,893,351 for the same period last year), representing an increase of 97%.
Gross revenue increased to $34,186,524 for the nine-month period (compared to $13,660,561 for the same period last year), representing an increase of 150%.
Gross margin, calculated based on net revenue, was 37%.
Adjusted EBITDA1 was $271,813 for the three-month period (compared to -$744,328 an increase of $1,016,141) and $763,628 for the nine-month period (compared to -$1,158,377 an increase of $1,922,005) respectively, for the same periods last year.
The #1 producer of Vapes in Ontario2, and Top 5 pre-roll manufacturer by volume in Ontario3 during the period.
Corporate Update Ayurcann is focused on its operational expertise and gaining market share in every product category, and we believe that our strong market share capture is driven by the quality and reputation of our brands. By continuously providing high-quality products, innovations and value that complement our current market offerings, we continue to look for opportunities to increase revenue.
Ayurcann is pleased to announce that during the last 6 months it has secured 24 new stock keeping units (“SKUs”) in the vape, pre-roll and concentrate categories in Ontario, Alberta, Manitoba, Saskatchewan and British Columbia, and has begun selling in Newfoundland and Yukon. The Company’s ability to consistently produce innovative, value driven, and high-quality products has been a successful pathway to its growth.
Ayurcann continuously looks at its operation, creating better partnerships and efficiencies in our systems, including better manufacturing capacities and supply chain management. Ayurcann has implemented new systems to improve the efficiency of the existing business to position Ayurcann for further growth.
Ayurcann’s incredible team, both internal and external, make the company. We set short- and long-term goals and objectives that are directly linked to the success of the Company and understand that reward and recognition is what makes the team meet and exceed those objectives.
Ayurcann drives growth through our quality, brands, and product offerings. The on-going instability in the marketplace and price compression has affected all categories in the industry, however, demand for our products has remained consistent and the cannabis industry remains strong and growing. As a business focused on quality and value, we have seen market growth and demand for our products translate into a strong competitive position.
1
Earnings before interest, taxes, depreciation, and amortization (“EBITDA”) and adjusted EBITDA. These measures do not have a standardized meaning prescribed by International Financial Reporting Standards (“IFRS”) and are, therefore, unlikely to be comparable to similar measures presented by other issuers. Non-IFRS measures provide investors with a supplemental measure of the Company’s operating performance and, therefore, highlight trends in the Company’s core business that may not otherwise be apparent when relying solely on IFRS measures. Management uses non-IFRS measures in measuring the financial performance of the Company.
2
Based on reporting by Hyfyre IQTM, as at March 30, 2024.
3
Based on Ontario Cannabis Store Data, as at March 30, 2024.
About Ayurcann Ayurcann is a leading post-harvest solution provider with a focus on providing and creating custom processes and pharma grade products for the adult use and medical cannabis industry in Canada. For more information about Ayurcann, please visit www.ayurcann.com and its profile page on SEDAR+ at www.sedarplus.ca.
Simply Solventless Concentrates Ltd. provided Q2 2024 gross revenue, adjusted EBITDA and net income guidance including record projected quarterly gross revenue and the continuation of SSC’s quarterly positive adjusted EBITDA and normalized net income streak to nine and seven quarters respectively.
Q2 2024 Guidance SSC projects record quarterly gross revenue during Q2 2024 of approximately $4,000,000 (Q1 2024 – $3,122,232), representing a growth rate of 28% quarter over quarter. SSC’s continued revenue growth is primarily attributable to SSC’s brands Astrolab, and Frootyhooty, and SSC’s acquisition of Lamplighter in January 2024.
SSC also projects Q2 2024 adjusted EBITDA of approximately $850,000 (Q1 2024 – $611,571) (see Non-IFRS Financial Measures, below), representing a growth rate of 39% quarter over quarter, and net income of approximately $750,000 (Q1 2024 – $502,536), representing a growth rate of 49% quarter over quarter. SSC’s streak of positive adjusted EBITDA and normalized net income is expected to extend to nine and seven quarters respectively.
Jeff Swainson, President and CEO of SSC, stated: “On the heels of our oversubscribed $800,000 unit offering completed in April, we expect record Q2 2024 revenue of $4,000,000 and our seventh straight quarter of normalized net income. We are encouraged by our trajectory and our focus remains on profitable revenue growth both organically and through opportunistic acquisitions.”
SSC has no long-term debt and approximately 53.8 million common shares outstanding (basic), of which approximately 30% are held by insiders. Of SSC’s outstanding common shares, approximately 17.0 million (32%) are escrowed pursuant to TSX Venture Exchange (“TSXV”) policies. Further details with respect to SSC’s escrowed securities can be found in SSC’s filing statement dated October 31, 2023. SSC also advises that it has filed a revised 2023 annual MD&A and Q1 2024 MD&A to correct a data entry error on the quarterly results summary pages. SSC’s filing statement and the revised MD&As are available on SSC’s SEDAR+ profile at www.sedarplus.ca.
About Simply Solventless Concentrates Ltd. SSC is a public company incorporated under the Business Corporations Act (Alberta). SSC’s mission is to provide pure, potent, terpene-rich ready to consume cannabis products to discerning cannabis consumers. For more information regarding SSC, please see www.simplysolventless.ca.
A company owned by a First Nation in BC is looking to grow cannabis in CannTrust’s old facility in Ontario.
T’iitsk’in Spirit Ventures Ltd. (TSV), owned by the Uchucklesaht Nation in BC, recently acquired the facility through a reverse vesting order structure earlier this year under numbered company 1000832157 Ontario Inc. According to court documents, the purchaser intends to begin growing cannabis at the facility again at 1396 Balfour Street, Pelham, Ontario (previously known as the “Fenwick Premises”).
The move recently caught the eye of a Ward Councillor in Pelham, as activities at the site had begun again. Ward 1 Councillor Wayne Olson told Pelham Today that he stopped by the facility recently to introduce himself and provide suggestions on how the owners could engage with the community.
“I told (the representative) that maybe they should have a public meeting. They seemed open to that,” Pelham Today reported Olsen as saying.
The facility, and others in the community of Pelham, have generated a lot of negative attention from Council and some community members over the past few years regarding concerns about light, odour, and noise pollution. The facility itself was also at the centre of concerns with allegations of unlicensed activities under its previous owners.
Three executives connected to CanTrust at the time, Peter Aceto, Mark Litwin, and Eric Paul, faced charges after the Ontario Securities Commission (OCS) and the RCMP declared they were aware of these activities. They were acquitted when the OCS decided it could not obtain a conviction.
Mayor Marvin Junkin told Pelham Today that the town has not received any notification of the facility’s sale or the company’s plans to begin cannabis production.
The Uchucklesaht Nation, located on the west coast of Vancouver Island, owns and operates the Thunderbird Spirit cannabis brand.
Representatives from the Uchucklesaht Nation were unavailable for comment at press time.
In our modern era, the pursuit of convenience has become an all-consuming obsession, driving the gears of a consumer economy hell-bent on making life ever more effortless. This relentless quest for ease has morphed into a self-perpetuating cycle of demand and supply, with each new convenience merely fueling the hunger for more. In this technological wonderland, the limits of possibility are bounded only by the depths of our credit lines, as we are seduced by instant gratification.
Like a junkie chasing the next high, the modern convenience addict remains blissfully oblivious to the insidious damage wrought by their compulsive need to streamline every aspect of life. The true cost of this convenience is carefully concealed behind a façade of slick marketing and empty promises, as corporations exploit our desire for ease to line their pockets at the expense of our well-being.
Over the past six to seven decades, we have witnessed a shift in our cultural values, as disposable consumerism has become the new gospel. The notion that life must be effortless has been sold to us as the ultimate aspiration, with the mundane realities of existence recast as obstacles to be circumvented or outsourced in the pursuit of leisure.
This programming has been so effective that entire generations now place an almost religious value on convenience, while simultaneously developing a pathological aversion to even the slightest hint of inconvenience.
This manufactured intolerance for inconvenience has reached such absurd heights that we now perceive even momentary delays in the delivery of our desired conveniences as unacceptable affronts to our entitled sensibilities. The irony of this situation is lost on most, as they fail to recognize that their single-minded pursuit of ease is, in fact, a form of enslavement to the very corporations that profit from their addiction.
The rise of convenience culture has had a corrosive effect on our social fabric, as we increasingly outsource even the most basic human interactions to digital platforms and services. The result is a society that is more isolated, disconnected, and emotionally stunted than ever before, as we sacrifice genuine human connection on the altar of convenience.
Moreover, by outsourcing our decision-making and personal responsibility to algorithms and automated systems, we have created a society that is fundamentally incapable of critical thinking, empathy, and genuine human connection. We are sleepwalking into a future where our every move is monitored, our every choice is predetermined, and our every thought is shaped by the very entities that profit from our complacency.
The very notion of inconvenience has become an anathema, a blight to be eradicated at all costs. We have become so enamored with the idea of seamless, frictionless living that we have unwittingly shackled ourselves to a lifestyle of ever-increasing complexity and dependence on convenience. This insidious tyranny of convenience is perhaps the most pervasive and addictive form of oppression in the modern age, and yet we remain largely oblivious to its grip on our lives.
When we think of tyranny, our minds often conjure images of despotic leaders and oppressive regimes, the likes of Stalin, Mao, and the Berlin Wall. However, a closer examination of human behavior reveals that our lives are more often dictated by our own habits and preferences than by any external force.
The self-imposed limitations that prevent us from living authentic and empowered lives are just as tyrannical as any dictatorial decree, and in an era of rampant consumerism and instant gratification, the human race has never been more easily manipulated.
“Those who would trade freedom for convenience, deserve neither freedom, nor security, and will end up with inconvenience.”—Sigmund Freud
It is in the mundane routines of our daily lives, in our inflexible habits and subconscious patterns, that we truly relinquish our freedom. This is where we are most vulnerable to exploitation, where our true identities are hijacked and replaced with a programming that compels us to pursue the hollow consumerist ideal of convenience above all else.
One cannot help but wonder if we have become mere automatons, mindlessly executing programs designed to keep us complacent and subservient. Are we nothing more than slaves, conditioned to perform specific tasks in exchange for a carefully calibrated system of rewards and punishments? In an age of unprecedented challenges and complex global issues, when the majority of society seems content to hide behind a veil of cognitive dissonance, it is crucial that we break free from the habits and cultural norms that keep us enslaved.
From the food we eat to the media we consume, from the way we work to the way we interact with others, the pursuit of convenience has become the driving force behind our choices and behaviors. We have become so accustomed to the ease and speed of modern living that we have lost sight of the value of effort, struggle, and genuine human connection.
In the name of convenience, we have willingly surrendered our privacy and autonomy, embracing corporate and government surveillance through our smart devices or online browsing habits. We have become so enamored with the idea of a frictionless existence that we eagerly accept concepts like Central Bank Digital Currencies (CBDCs) and digital IDs, all for the sake of avoiding the minor inconvenience of carrying a purse or engaging in basic human interaction when purchasing a bottle of booze to drown our sorrows and numb our aching emptiness within.
We have become so conditioned to prioritize ease and efficiency above all else that we fail to recognize the insidious erosion of our fundamental rights and freedoms. By allowing corporations and governments unfettered access to our personal data and financial transactions, we are effectively handing them the keys to our lives, granting them the power to manipulate, control, and exploit us in ways we cannot even begin to fathom.
The implementation of CBDCs, in particular, represents a dangerous step towards the complete centralization of financial power in the hands of a few unelected bureaucrats and corporate interests. Under the guise of convenience and security, these digital currencies threaten to eliminate any remaining vestiges of financial privacy and autonomy, subjecting every transaction to the scrutiny and control of the state.
Similarly, the push for digital IDs is nothing more than a thinly veiled attempt to create a comprehensive surveillance state, where every aspect of our lives is tracked, monitored, and analyzed for the benefit of those in power. By linking our identities to a centralized database, accessible to both corporations and governments, we are effectively surrendering our right to anonymity and self-determination.
In our desperate bid to avoid the inconvenience of being harassed, detained, interrogated, fined, arrested, tased, or shot by an increasingly authoritarian government, we have willingly surrendered our freedoms and dignity.
Convenience, it seems, has become a far more insidious and effective tool for tyranny than the barrel of a gun. Our modern banking system stands as a prime example of this subtle form of oppression, its tentacles reaching far and wide, affecting nearly every individual on the planet.
Even a cursory examination of central banking reveals how it preys upon our desire for convenience, ensnaring the world in an inescapable web of debt. These financial institutions conveniently print as much money as the world demands, and in return, we blindly consent to owing exponentially increasing, mathematically unpayable sums to a private corporation for the rest of eternity. While it may seem convenient in the short term, the long-term costs are staggering.
What is most alarming is that we do not submit to this tyranny out of fear for our lives, but rather out of a deep-seated desire for convenience and an aversion to inconvenience. We have been conditioned to ignore our own best interests, to remain complacent in the face of our increasingly complex and oppressive lives.
The truth is that the problem lies not in the fact that tyranny is being sold to us, but rather that we have already bought into what they have sold. We are so deeply addicted to the allure of convenience that we cannot fathom turning back now, even as we see the chains of our own enslavement tightening around us.
This is not a call for Luddism or a rejection of technology itself, but rather a plea for a more thoughtful, critical, and human-centered approach to innovation. We must demand technologies that empower us, rather than exploit us, and systems that serve our interests, rather than those of the ruling elite. We must build a future that values freedom, creativity, and genuine human flourishing over the hollow promises of convenience and “security.”
I’m Lily, and I’m here to be your guide and ally in unraveling the complexities of the Great Reset, Globalism, and the architects creating these narratives. Understanding these movements is not just about gaining knowledge—it’s about empowering you to make informed decisions that shape your future and our world. That’s why each article I craft is infused with depth, historical context, and an unfiltered insight into the underlying motivations and agendas that have been influencing these movements for centuries.
I am here to offer you the true agendas and implications behind the intellect-insulting “BOOM”-clickbait headlines of popular alternative news journalists.
A look at the pitfalls of money use, and societies that had none – and why.
So Many believe that societies all have used some form of money – whether trade/barter, shells, beads, sticks notched and split, metals, paper, or electronic bits. But in fact, where societies arose in abundance – where everything They needed was there for the taking – no money arose.
Why? Because money, at the foundation, is used as proof of energy input into a community/system in times when all hands were needed to get necessary things done so as to survive, in times of scarcity, and no “skaters” were welcome. If You wanted something, You needed something to offer in return – goods or services.
“I raised these pigs and would love some of Your butter. Can We arrange a swap?” Not, “I raised these pigs and I’m very proud of My work. I would be honored if You had one.”
But in the places of abundance – virtually all being “island paradises” – no need to prove One’s energy input existed. You did not prove that You added energy; You proved that You cared for Others. In big ways and small.
So, rather than People seeking ways to plug Their energy in, being chained and controllable (e.g., “No jab, no job…”), They did things for the social currencies They received. The thanks, love, appreciation, admiration, reputation, respect, lauds, fame, adoration, bragging rights, and other such positive social currencies.
Their caring was nurtured and was valued, unlike the effects of money on a society, where One’s value was measured merely in what One had to sell. They learned to express Their Humanity.
They learned not to do things that would earn Them negative social currencies – disgust, ridicule, avoidance, bad reputation, and so on.
Rather than psychopaths, who will be promoted to power, to the top, to controlling positions (as We have today) in all money systems, They had the caring Ones taking care of things. They had no poverty. They enjoyed being creative, cooperating with One anOther, and were overall very happy People.
Sadly, in the early 1900’s, the “western world” swooped in, usurped the land, and forced the accounting for energy (money) onto Them. The societies fell apart.
Today, though We have an abundance available (or did before the psychopaths began Their ghastly “great” reset), We still account for Our energy added – and it is slaves who must account for Their energy in abundance – because the psychopaths in control (by virtue of money) maintain the energy accounting so as to retain control.
80% of “jobs” do nothing, overall, but move wealth upwards to the psychopaths in control, and would not be jobs We would see if (when?) the SHTF (for Ones not familiar, that’s an acronym for “shit hits the fan,” meaning the world as We know it falls apart catastrophically). Which is to say, survival does not depend on these “jobs.”
And most of these “jobs” are ones that Few love to do. They are not what One thinks of when One ponders what One might want to be when One grows up. Cashiers, sales, tax collecting, accounting, advertising, marketing, casinos, bill collections, insurance, Wall Street, and banking are the greatest number of these jobs.
Yes, the psychopaths in control maintain a plantation of slaves moving wealth to Them. And They hide the tech that would make accounting for Our energy added pointless.
Free energy technologies do exist, and I personally know of one, tucked into black projects in 1959. The psychopaths in control have poo-pooed the idea in public – but of course They will. They don’t want You to know You can be free of the chains They bind You with, the chains called “money.”
100% of the cost of everything is energy – the resources sit here freely, but it takes energy to put them into useful configuration. Add free energy tech and, as the cost of energy is removed, things will become cheaper and cheaper until one day everything is free, with the People who love to do the needed work – food production, infrastructure, education, and such – will do the work, and if We do not have enough of Us who love to do a needed job, We will solve the problem by adding robots.
And there surely are plenty of People who would love to gain reputation by creating a robot that solves a problem!
Without money We can co-create a free and happy society, a society of Ethical sovereigns, with the caring Ones taking care of things, where problems are solved Ethically rather than giving Some “authority” over Others, passing legalates and then enFORCING them on Others who do not have “authority.”
Where We all may live richly, as We should, on Our planet.
Where We can be creative, cooperative, upholding the Betterment Ethic – the goal of making things better for Those around You in ways, big and small. From a smile to cheer anOther up, to inventing a solution to a major problem. We will be happy, free, comfortable, able to fulfill Our potential, follow Our bliss, make Our dreams come true – without worrying about how to afford it.
An island paradise on Our planet – a planet paradise!
So to answer the question, Money – do We need it?, I can say most assuredly, No!
My father taught Me never to believe anything. He told Me to place probabilities and adjust them as new data come along, asking the question, “Does that explain what I see?,” when evaluating data. ; He was an aerospace engineer, and worked with T Townsend Brown (see My featured vid on YouToilet). From a very early age I was concerned that the way I was told things worked, in terms of government and social affairs, did not explain what I saw. So the first few decades I worked to determine WHY this was.
I wound up in banking, seeing the flow of things in the headquarters of a major bank in Los Angeles. I became intimately familiar with the flow of money, and economics. I asked the question, “Why do We use money?”
When the web arrived, My research capabilities flourished, and I learned much that explained what I saw, but the only explanations I found for why We use money started with trade and barter, which are still money in a direct form, and did not answer the WHY. Then, I came upon the explanation that these were used because, with a finite amount of stuff, it was to ensure that We got Our “fair share” in a scarcity environment, in exchange for the work We added.
From this I realized the WHY. We were accounting for Our energy input into things. And that We needed to do this because the Human energy was scarce compared to what We needed to be produced (back then).
I also discovered that over half Our planet’s wealth was “owned” by fewer than 100 Humans…
I was very interested in psychology, too. And studied it deeply, being fascinated by psychopathy, focusing on that aberration, learning that They had discovered a gene that manifested Individuals who were incapable of love, compassion, caring, and empathy for Others – primary psychopaths. Seeing that the wealth was so disproportionate, and that the families who “owned” it inbred, what would explain what I saw would be that They wanted to retain that psychopathic gene. Given that the wealth could feed, clothe, house ALL of Us (and give Us freedom) abundantly and many times over, and yet None set forth to care for Humanity, I had to give probability approaching 100% that They are psychopaths, as that explains perfectly what I see, and answers My quest for why the way I was told things worked did not explain what I saw.
And I asked… If I was a psychopath, with enough wealth to buy anything and anyOne I wanted to, and given that money = power (power over Others is something psychopaths seek), would I be motivated to create a false “reality” for the masses and thereby manipulate Them? I think You can figure out what answer I came up with. And would that explain what I see? Absolutely.
Now, given that money is merely the accounting token used to account for Our Human energy, it would follow that free energy would threaten fully the accounting for Our energy. If I was a psychopath, with enough money to buy sites like Wikipedia, the media, the education system, etc., would I do all I could to suppress and hide free energy?
And given I personally know that electrogravitics offers both gravity control and energy from the aether (the electromagnetic field that pervades the universe), and that it went into black projects, such efforts to hide and suppress would explain what I see completely.
So I am neither a “conspiracy theorist,” nor am I a “conspiritard,” but rather… I am a conspiracy analyst. And given this analysis, knowing that conspiracies are the NORM in history and that they didn’t just stop some years back, I conclude that conspiracies abound. That explains perfectly what I see.
A cannabis store in West Kelowna was broken into in the early hours of Friday morning, leaving behind extensive damage and making off with a handful of pre-rolls.
Skye Cannabis Co., located on Industrial Rd in West Kelowna in a small shopping centre shared with a gas station, is open again for business after cleaning up following the break-in just before 3 am on Friday, May 24.
Natasha Raey, the owner of the store, says she received an alert on her phone and quickly contacted police who responded quickly, but not before the burglars escaped with a handful of cannabis pre-rolls.
Video of the incident shows the two bumbling burglars struggling to use a truck and chain to rip the doors off the store, before seeming to search in vain for products inside. Raey says they made off with only a handful of pre-rolls but caused significant damage, not only to the two doors but to the back office and at least one display case.
“Luckily we’re very secure,” says Raey. “We’re happy that no one was hurt, but it’s a lot of damage for very little profit on their part.”
She says the two could have probably made more money working in her store for a day than they will likely make selling the handful of products they stole.
Raey and her team have shared the video with police and with the community, many of whom she says have reached out to her saying they believe they recognize the maroon Dodge 4×4 truck and the two men involved.
Two cannabis stores in BC’s Lower Mainland faced similar break-ins earlier this year, causing significant damage to the stores and a loss of product.
Image from inside Skye Cannabis showing damage to the front door. Image via Natasha Raey.
We also looked into one of the bigger stories in the mainstream media, showing that senior Canadians have been increasingly ending up in the ER due to cannabis use. While much of the mainstream media spun this as being because of legalization, the numbers show this was increasing in the years leading up to legalization and has actually declined somewhat in the most recent years of data.
A final application to open a cannabis retail store in Delta, BC, will be heard at a public hearing next week. If green-lighted, the store would be the ninth approved by council, but also likely the last as a city moratorium continues on accepting and considering any new applications.
SNDL says Delta 9is in default of certain obligations. Delta 9 disagrees. SNDL is demanding repayment of its 10% senior secured second-lien convertible debenture in the principal amount of $10 million. Frederico Gomes, an analyst with ATB Capital Markets tells the Winnipeg Free Press that there are financial terms on such convertible debentures that typically include covenants that the company maintains a certain ratio between debt to EBITDA or a minimum cash balance.
Researchers from the Centre for Addiction and Mental Health (CAMH), the University of Toronto, and ICES linked recent population-based survey data from over 11,000 youth in Ontario, Canada, to health service use records, including hospitalizations, emergency department (ED) visits, and outpatient visits, showing that teens using cannabis are at 11 times higher risk of developing a psychotic disorder compared to teens not using cannabis.
Blacklock’s Reporter says in-house Department of Public Safety research shows that one-third of cannabis users are still utilizing the illicit market. This isn’t really new information to anyone following the sector, although Blackrock and other media outlets have pointedly framed this as if it shows that legalization has failed.
Meanwhile, cannabis impairment cases are few and far between in New Brunswick, says criminal defence lawyer David Lutz.
International cannabis news
Some cannabis companies and trade groups are pushing the US Congress to close a loophole in the farm bill that allows the production and sale of intoxicating substances derived from legal hemp (think Delta-8 THC and Delta-10). The hemp industry wants to leave the federal definition of hemp unchanged.
And finally, in a significant policy reversal, Thailand says it now plans to require permits for medical and research use of cannabis. The country’s Prime Minister has pledged to re-criminalize cannabis by the end of the year after it was decriminalized in 2022.
Alberta Gaming, Liquor and Cannabis (AGLC) has notified several licensed producers that they will soon be de-listing more than 500 slow-selling SKUs from their central warehouse.
Several producers received recent notices from the AGLC, informing them the SKUs will be put into the agency’s Do Not Purchase list.
A representative from AGLC confirmed with StratCann:
“AGLC is reviewing our cannabis product listings in order to streamline our supply chain, better manage inventory and remove some slow moving SKUs. Simplifying our supply chain will create more efficiencies and allow Alberta to focus more on best-performing products. This impacts between 550-600 SKUs. We are working with stakeholders to make this transition gradually over the next month to allow sell-through of impacted products.
“Alberta continues to have a wide range of products available for retailers and consumers. We encourage Albertans to talk with their retailer to find something similar if a product is no longer available.”
The move will allow the AGLC to free up warehouse space through their third-party vendor for faster-moving products. BC recently announced similar changes to its policies for accepting new products and storing existing products as the industry closes in on six years of operation.
This sort of “SKU rationalization” is not uncommon, in or outside of the cannabis industry, and other provinces have instituted similar measures, although at times with more notice.
One complaint StratCann heard from more than one producer who reached out to us on the issue was a sense of frustration that this policy change came with little to no advanced notice. Another producer, speaking on background, says they had received an initial notification from AGLC last week informing them that certain SKUs would be delisted effective immediately, before receiving a second notice giving them 30-45 days before they would be delisted.
Although the reasoning behind such a quick delisting process is unclear, the province has been making efforts to provide more opportunities for its local cannabis industry.
Sources close to the file say the regulator is interested in topics like farmgate and even direct delivery, which could potentially offer more opportunities for local producers and retailers to distinguish themselves from bigger chains.
The AGLC uses a third party company, Connect Logistics, to manage its warehouse and wholesale distribution.
When we protest with aggression, it gives authoritarian entities and organizations the necessary justification to respond with violence. Once we succumb to our hostile inclinations, we play into a totalitarian game we will never win. Even peaceful demonstrations can be interpreted as violent by the opposition. The spark in this fragile, social dynamic is our emotionality. Our negative reaction to the existence of inequality and injustice is when we abandon our personal power. It is difficult to observe this in ourselves, as our egocentricity is also activated in these circumstances. When our biased entitlement distorts our intention, our cause is lost.
To Feign in Vain
Most of us fail to live or die by our convictions. We may be moved enough to raise the torch of truth for fleeting moments, yet our lack of commitment makes our stand futile in the face of contemporary regimes. Personal routines, societal diversions and everyday survival preoccupy us from manifesting the vision sparking the movement. As we mature, our demonstrations for or against social platforms is a feigned quest to present ourselves as “woke,” in a society that has wagered its identity for amusement, consumerism, desire, intellectualism, politics, religion and science. Ultimately, we feign our protest as an illustration of egocentricity.
“Cause blood still flows in the gutter.”
Fever Pitch
I am not a “conservative” or “liberal” person. I do not subscribe to dualistic, social paradigms that strategically manipulate us against each other and ourselves. My expression is empowered by transcendence. Yet, as we race toward another controversial and simulated election season, tragedy, trauma and triviality rears its viral insanity upon all who fall victim to its vicious cycle. All who intend to hold political positions of artificial power are as devious as the elitists who animate their puppet strings. The media is a social weapon, waged to trigger the volatility of our emotional response, enslaving and infecting us with its madness.
Rallying Cry
Recently, we have witnessed millions gathering in the streets to personify their positions. The 1960’s ushered in a new era of protest, exhibiting demonstrations as a method for enacting social change. However, the initial intention was never achieved, simply because it lacked the clarity, focus, longevity and purpose necessary to fulfill its vision. This antiquated strategy echoes in our feigned and frivolous uproar, dying like a fleeting trend instead of living as an enduring movement. As the ebbs and flows of our protests rally our feigned and futile cries, the intended change is never fulfilled. The louder our proclamations, the greater our egocentricity.
“Movements come and movements go.”
Antiquated Paradigm
Whether motivated by inequality, injustice, politics, religion or otherwise, protests are engaged with obsolescence. Taking to the streets and chanting, howling and yelling with aggression, destruction or violence is a futile strategy to enact a societal shift. Authoritarian entities and organizations have efficaciously enhanced their methods to prevent social demonstrations. However, protests have not evolved. Therefore, no matter how much news, noise and unrest are made with the current trend, nothing ever changes. Most give up. Not to the agencies they fight, yet to their own apathy, indifference and ideology.
System of a Down
Institutional authoritarian regimes, i.e. corporations, elitists, governments, media, religions and private agencies employ elaborate agendas and strategies to proliferate inequality and injustice, all for the purpose of acquiring profit and power. Their security system against populus uprising is equally sophisticated to protect their investment in the viral deception. Their actions and behaviors breed the reaction of our protest. These administrations rely upon the emotionality of our response to debase and destroy the credibility of our common stand for equality, justice and peace. Their strategy is provoking and turning our anger, fear and insecurity against us to achieve their endgame of control.
“Who pulled schemes on the dream and put it to an end.”
Vortex of Causality
A protest is a reaction that occurs when social inequity intensifies beyond tolerable standards. When observed, people congregate and motivate around a popular controversy. Yet, the sheer nature of protesting is contrarian, thus counterproductive. The focus of the movement is abandoned when its emotionality, ideology, inspiration and vision is wagered for the instant gratification of an egocentric orgasm. Even when a demonstration is intended as peaceful, it is distorted and propagandized as violence by the authoritarian institutions imposing the sociopathic agendas that cause the protest. It is a social vortex of cause and effect.
The Price of Egocentricity
The definition of insanity is doing the same thing and expecting a different result. In my honest observation, society is the epitome of lunacy. Our personal interpretations exist as individual delusions in the illusion of reality. We do not establish perceptions, we adopt psychoses. Then, we attempt to impose these neuroses on others to conceal and defend our fear, indifference and insecurity, while we shame and condemn all who share diverse viewpoints. We conflict with others because we are at war with ourselves. We sentence our souls to our selective oblivion. Our being, consciousness, evolution, relativity and truth are the price we pay for our egocentricity.
“You better beware, the retribution with mind war.”
Evolution of Rebellion
Protesting is an external, social engagement; one we exhibit which segregates us from ourselves. Everything we encounter in social reality is a catalyst to seize our attention, consciousness, empowerment and energy. Our reactivity to environmental stimuli is how we acquiesce these elements of our personal power. When we fail to be balanced, centered and present within, we misguide our awareness to where we direct our attention. This is the vicious cycle of humanity. The evolution of rebellion is shifting social uprising into personal inrising, transforming our existence from egocentricity to universality.
An Act of Inrising
For more than a decade, we have been in the flow of a universal, energetic shift. When the world shut down over a virus, it was our opportunity to discover and create relativity with our soul. We are in the Era of Transcendence, an extraordinary age when we may explore, experience and embody our universality in ways the authoritarian regimes of social reality have desperately attempted to oppress and eradicate. Protesting is a demonstration of diversion, which syphons our awareness via our reactive emotionality. The act of inrising is shifting our focus within to empower our consciousness, establish our equilibrium and transcend duality to become the expression of our soul.
“Wake up!”
(All quotes taken from the song “Wake Up” by Rage Against the Machine.)
Songwriters: Tom Morello, Timothy Commerford, Zack M De La Rocha, Brad J Wilk.
State officials in New Jersey acknowledge the concerns raised by medical-cannabis patients regarding the steep prices of marijuana products. However, the officials stress their limited authority under existing laws, which grant them no jurisdiction over the pricing policies of dispensaries.
Democratic legislator Senator Troy Singleton is looking to neighboring Pennsylvania for inspiration. Pennsylvania’s medical-cannabis law includes a provision allowing state authorities to impose price limits if marijuana prices become exorbitant. Singleton aims to replicate this provision in New Jersey, proposing a bill that would empower the state’s cannabis regulator to impose price limitations on medical-marijuana providers if their pricing practices are deemed unjustifiably high relative to their operational costs. The limits would be revisited every six months.
Singleton underscores the pressing issue of exorbitant cannabis prices in New Jersey, particularly for medical users. Price caps, in his opinion, can create market pressure and, as a result, result in lower pricing for customers.
Chris Goldstein, an advocate for cannabis reform who closely monitors marijuana prices in both Pennsylvania and New Jersey, draws parallels between the pricing dynamics of marijuana and other commodities. He expressed concerns about corporate greed driving prices upward, noting that despite promises of increased competition bringing prices down, prices have remained stubbornly high in New Jersey.
Critics such as Goldstein attribute the high prices to corporate groups controlling the majority of the cannabis industry in New Jersey. Most cultivators are corporate entities, leaving only a few independent players.
Comparing prices, it’s evident that marijuana is considerably cheaper in Pennsylvania than in New Jersey. For instance, an eighth at Ascend in Fort Lee costs $65 (or $50 on sale), while the same amount is $15 in Scranton, Pennsylvania. Likewise, an eighth at Bordentown’s Curaleaf costs $60, whereas in Harrisburg, Pennsylvania, it’s only $32.50.
Cannabis and disability activist Edward “Lefty” Grimes draws attention to the disparity in cost between legal dispensaries and the traditional market. The high cost of extracted marijuana oil, or “dabs,” is one of his points of contention, as it is far cheaper in the legacy market.
Goldstein laments the persistently high prices of marijuana in New Jersey compared to other states, suggesting that these prices deter people from enrolling in the medical cannabis program. Grimes believes that price-fixing laws are a workable way for legislators to guarantee that individuals suffering from illnesses such as post-traumatic stress disorder (“PTSD”), multiple sclerosis and cancer may obtain inexpensive marijuana products.
While Singleton has championed various bills aimed at reforming the marijuana sector, he acknowledges the challenges of passing such legislation in the legislature. Although the price cap bill has yet to progress, Singleton remains committed to advocating for more accessible pricing in the market.
While the entire cannabis industry including major companies such as TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) wish that patients and other users get the marijuana products they need at the most affordable prices possible, the wish to put price caps may be concerning given the rapidly changing market conditions on the ground and the slow rate at which regulators respond to such changes.
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