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Small Business Report on Small Business Newsletter: Alberta poised to lead Canada’s retail cannabis sector

RB-SB-ALBERTA-CANNABIS-0603 Shaun Baid an accountant who was laid off last year amid the energy sector downturn, is now working with three partners to open a cannabis retail store in Calgary, Alberta, Friday, May 18, 2018.Todd Korol/The Globe and Mail

Todd Korol

Alberta poised to lead Canada’s retail cannabis sector amid impending federal legalization

New entrepreneur Shaun Baid is feeling excited about his prospects these days. Mr. Baid, a Calgary accountant who was laid off last year amid the energy sector downturn, is now working with three partners to open a cannabis retail store.

“It’s super exciting times, all across the country, but especially here in Alberta,” said Mr. Baid, chief financial officer of Kush Collective. “It feels like Alberta is where this whole gold rush is going to happen.”

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That’s because Alberta’s NDP government has adopted a private model for cannabis retailers, following in the footsteps of the province’s private liquor retail model. (Online cannabis sales will be government-run in Alberta.) Full story

Entrepreneur claims to have created the world’s first indestructible pantyhose

When she was about 10 years old, Katherine Homuth recalls her grandmother – frustrated by a snag in her nylons – telling her: “Someone in our family needs to reinvent pantyhose.” Full story

Meal-ordering app Ritual raises US$70-million in funding

Ritual Technologies Inc., an online ordering service that speeds up the coffee and lunch-run experience for big-city workers, has raised US$70-million in a financing led by Canadian venture capital firm Georgian Partners, as the Toronto startup looks to expand beyond North America. Full story (Globe subscribers)

Bolstered by back-to-back wins in the U.S., Canadian-led White Star Capital raises $230-million for second fund

White Star Capital, a global venture-capital fund with deep Canadian roots, has raised US$180-million for its second fund after scoring big returns on two U.S. investments. Full story (Globe subscribers)

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Vancouver’s NPA nominates entrepreneur to run for mayor

The party hoping to sweep back into power at Vancouver city hall after a decade in opposition has chosen an entrepreneur with no political experience as its mayoral candidate. Full story

Bankrupt accelerator Wavefront owes $2.1 million to creditors, documents reveal

Bankrupt startup accelerator Wavefront’s creditors are to meet today, seeking settlement of more than $2.1 million they are owed, legal documents obtained by BetaKit show. Full story

What will happen to my favourite dispensary after legalization?

Nobody knows exactly how many cannabis dispensaries are operating in Canada today. In big cities such as Toronto, I’ve seen them pop up in one location, only to close and reopen down the street a few weeks later. Full story

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Business advocate calls on NDP to delay new Alberta workplace safety rules

Alberta merchants haven’t received enough information about sweeping new workplace safety rules, says a local business advocate who is calling for the province to shelve the plan for six months. Full story

At 23, student entrepreneur has won 1 of 7 permits for Saskatoon cannabis retail stores

Saskatoon business school student Cierra Sieben-Chuback has beaten out more than 150 other candidates for one of seven highly sought-after permits to operate a cannabis retail store in the city. Full story

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