20:44:52 EDT Wed 17 Apr 2024
Enter Symbol
or Name
USA
CA



Loblaw Companies Ltd
Symbol L
Shares Issued 386,780,041
Close 2018-01-19 C$ 68.80
Market Cap C$ 26,610,466,821
Recent Sedar Documents

Globe/CP say Loblaw's Shoppers in deal with Tilray

2018-01-22 07:45 ET - In the News

The Globe and Mail reports in its Saturday, Jan. 20, edition that Loblaw's Shoppers Drug Mart has lined up a third cannabis supply agreement as part of its ambition to dispense the drug amid what experts say is increasing support among pharmacists to distribute medical pot and expectations that the regulatory framework needed will come to fruition. A Canadian Press dispatch to The Globe reports that the latest deal, announced Friday, is with Tilray Canada to supply branded medical cannabis products and is conditional on Health Canada's approval of Shoppers' application to dispense medical marijuana. A spokesman for Loblaw said it could not speculate on if, or when, it will be approved. Loblaw first applied for a licence in 2016. Current Health Canada regulations stipulate that the only legal way to distribute medical marijuana is through on-line orders shipped through the mail. That has been the system since the new commercial-scale medical marijuana system was rolled out in 2014. However, proposed new regulations suggest options to control the sale of marijuana could include pharmacy distribution. Shoppers appears confident changes will be made to medical regulations.

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