Liquor Depot’s name change reveals ambition to dominate alcohol, cannabis market in Alberta

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The name change of Liquor Stores N.A., which owns the Liquor Depot chain, to Alcanna this week represents the company’s intent to expand into the Canadian cannabis market alongside Aurora Cannabis, the second-largest cannabis grower in Canada. “They’re our business partner,” James Burns, vice-chair and CEO of Alcanna, told CBC News. “It gives us one of the top, most incredible-leading, fastest-growing cannabis producers in the world.” Alcanna — a portmanteau of alcohol and cannabis — reflects the company’s vision of having two separate divisions of alcohol and cannabis, since legislation will likely bar the sale of the two in the same building. Alcanna, the largest publicly traded alcohol retailer in North America, boasts a star-studded board of directors. Chair Derek Burney is a former political strategist to Brian Mulroney’s government and a former ambassador to the United States. Liquor Depot’s name change reveals ambition to dominate alcohol, cannabis market in Alberta

thumbnail courtesy of www.cbc.ca

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