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Cannabis

Left Coast LLC and Inspired by Cannabis Clean Oceanside’s Beaches

Vlad Poptamas

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Oceanside’s beaches got a lot cleaner this weekend thanks to the work of a committed band of community members.

Two local businesses, Left Coast Extracts and Inspired by Cannabis, teamed up to sponsor this weekend’s Oceanside beach cleanup. The group started at Oceanside’s busiest beach spot, the pier.

Teams then spread out from there, filling bags with trash and setting aside any items they found that were too big for their garbage bags. In total, the group cleaned 6 bags of garbage and picked up more than 32 pounds of debris from our shore.

Left Coast co-founder Alexandra Kometas said the cleanup was not motivated by Earth Day or some other external prompt. “We just want our beaches to be clean and safe for Oceanside residents,” she explained. “It’s easy to get caught up in all the negative news with COVID and the fires, and to feel overwhelmed. We wanted to remind ourselves and others that we can always act to make our own lives and spaces a little more beautiful.”

This is not the first time that Inspired by Cannabis and Left Coast Extracts have paired up to do a cleanup. Left Coast purchased snacks and supplies for a beach cleanup on Saturday, September 19th. On that date, they picked up more than 32 pounds of debris from the beach.

“This is one of the many ways, visible and invisible, that the cannabis industry is making a positive contribution to Oceanside,” Kometas explained. “Sure, there is the tax revenue. That benefits us all. But we are proud of our donations of PPE to first responders when the COVID-19 pandemic created a shortage, and the beach cleanups.”

She expressed confidence that Left Coast Extracts, Inspired by Cannabis, and other similar groups will find additional ways to contribute in the future. “We want what everyone wants – a clean, safe, and productive community.”

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Cannabis

Sugarbud Announces Supply Agreement with Alberta Gaming, Liquor & Cannabis

Vlad Poptamas

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Sugarbud Craft Growers Corp. (TSXV: SUGR) (TSXV: SUGR.WT) (TSXV: SUGR.WS) (TSXV: SUGR.DB) (“Sugarbud” or the “Company“) is pleased to announce that it has signed a definitive supply agreement with Alberta Gaming, Liquor & Cannabis (“AGLC“) for the sale and distribution of Sugarbud’s Craft Cannabis Collection to  private cannabis retailers in Alberta, and AlbertaCannbis.org. Sugarbud, together with its distribution partner, Agro-Greens Natural Products Ltd. (“Agro-Greens“), are now authorized to sell Sugarbud products in Alberta and Saskatchewan.

AGLC is responsible for regulating private retail cannabis, the distribution of cannabis and operation of Alberta’s only legal online cannabis store, AlbertaCannabis.org.

“We are absolutely thrilled that Sugarbud’s Craft Cannabis Collection will now be available in our home province of Alberta. With over 500 retail locations now operating in the province, AGLC has built an impressive and expansive retail cannabis network that continues to lead the country in terms of consumer access to legal cannabis,” stated Sugarbud’s CEO, John Kondrosky. “As an Alberta-based licensed producer, building a strong supply relationship with AGLC is critical to our success and will allow Sugarbud to efficiently fulfill orders and satisfy consumer demands,” concluded Mr. Kondrosky.

Initial purchase orders and shipments of Sugarbud’s Craft Cannabis Collection to the AGLC are expected to occur in October.

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Cannabis

Meta Growth Closes Acquisition of Kitchener Cannabis Store

Vlad Poptamas

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Meta Growth Corp. (TSXV: META) (“Meta Growth”, “META” or the “Company”), a leading Canadian recreational cannabis retailer, today announced the closure of the previously announced acquisition of the Meta Cannabis Co. branded recreational cannabis store in Kitchener, Ontario.

META announced, on January 9, 2020, that it entered into an agreement with one of the winners of the Ontario cannabis retail store lottery to act as a consulting partner and service provider related to a cannabis retail location in Kitchener, Ontario. The Kitchener store opened on February 28, 2020, and achieved $186,124 in weekly revenue for the week ended September 19, 2020, with a 36.11% gross margin. The acquisition was structured as an asset purchase agreement, with consideration comprised of $150,000 in cash and the assumption of related party debt as at the date of close.

With the completion of the Kitchener acquisition, META currently has 2 operating stores in Ontario, and has submitted 10 Retail Store Authorization applications with the Alcohol and Gaming Commission of Ontario.

As previously announced on August 21, 2020, META and High Tide Inc. (“High Tide”) entered into a definitive arrangement agreement pursuant to which High Tide will acquire all of the issued and outstanding shares of META (the “Plan of Arrangement”). The combined entity following completion of the Plan of Arrangement (the “Combined Entity”) is expected to be the largest Canadian cannabis retailer, by revenue, in addition to ranking #1 in Ontario based on corporate owned store count1. High Tide currently has 7 Canna Cabana branded stores in Ontario.

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