• The owner of Ace Liquor and Spiritleaf raises its bet on U.S. cannabis, as its manufacturing arm faces a strategic review

  Source: Alberta - Edmonton Journal (Legislature & Capital)
  Date: 2026-10-28 11:00:16.0
  Tags: [Alberta, British Columbia, Economy, Industry, Labour, Trade]

  Edmonton-based retailer SNDL Inc., owner of Ace Liquor, Value Buds, and Spiritleaf, is conducting a strategic review and weighing the potential sale of its unprofitable Canadian cannabis production assets while exiting the dried flower business. The company reported a $52-million write-down and a 28 per cent year-over-year sales drop in its weed production segment, alongside cutting its workforce at its Kelowna, British Columbia manufacturing facility by more than 30 per cent. Simultaneously, SNDL invested $60.8 million into the United States market, acquiring approximately a 92 per cent stake in a partnership controlling Parallel, an American cannabis grower and retailer operating over 50 locations across Florida, Texas, and Massachusetts.

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• Industry leader lauds Edmonton's proposed industrial investment plan

  Source: Alberta - Edmonton Journal (Legislature & Capital)
  Date: 2026-10-21 20:53:29.0
  Tags: [Alberta, Municipal, Economy, Taxation, Industry, Infrastructure]

  The City of Edmonton is considering a new industrial investment plan during its upcoming four-year budget deliberations to stimulate non-residential tax growth and job creation. Proposed incentives include a 25 per cent property tax forgiveness for three years for new industrial builds—costing the city roughly $1 million annually while opening up 15 hectares of land per year—and a $23 million four-year 'first mover' plan allowing developers to apply for municipal infrastructure cost reimbursements. Panattoni Development vice-president Mark Edwards lauded the initiatives, noting they will help overcome investment freezes and competition from surrounding municipalities with lower service costs. Currently, only 2.6 per cent of Edmonton's industrial land is shovel-ready, falling short of the city's 4.5 per cent target.

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