Independent corporate cannabis retailer Fire & Flower is pleased to announce that it has entered into binding agreement to acquire all of the issued and outstanding shares of 10945072 Canada Inc. North Battleford CannabisCo has built and received approval to operate a licensed cannabis retail shop in North Battleford, Saskatchewan. The acquisition is conditional upon North Battleford CannabisCo commencing operations as a licenced cannabis retailer and receipt of all required approvals. North Battleford CannabisCo has received advance authorization from the Saskatchewan Gaming, Liquor and Cannabis Authority to purchase and store cannabis and expects to commence operations on October 17, 2018.
The transaction is expected to close on or about October 18, 2018, following which the shop will now operate under the Fire & Flower banner, delivering an exceptional customer experience and supplying expertly-curated Health Canada-regulated products in a bright and modern environment.
“We are pleased to select Fire & Flower as the cannabis retailer of choice to continue the historic progress we have made with our licensed cannabis retail shop,” said James R. Davey, President & CEO of North Battleford CannabisCo as well as Curativa Cannabis, a division of Envirosafe Chemicals Canada. “We are confident to entrust Fire & Flower’s conscious philosophy and eloquent sophistication to provide cannabis to consumers in the community of North Battleford. This divestiture will allow us the opportunity to focus on our diversification into cannabis growth and production as a licenced producer.”
Like all Fire & Flower shops, the one in North Battleford will follow a robust security protocol to ensure the highest standards of safety for the community, including a two-step age verification process to prohibit purchases by minors, programs to promote road safety, and extensive community engagement.
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Fire & Flower is actively developing cannabis retail stores in Alberta and Saskatchewan to commence sales on October 17, 2018 and is pursuing additional opportunities to obtain cannabis retail licenses in Ontario, British Columbia and Manitoba.
The North Battleford shop is located at 2, 302 114th Street and will be open on Wednesday, October 17, 201810 AM – 5 PM, where adults are invited to join Fire & Flower and for a Ribbon Cutting Ceremony at 10 AM. Thereafter, regular store hours will be Monday – Saturday 10 AM – 10 PM, and Sundays 11 AM – 7 PM. For more information, check out the Fire & Flower website at fireandflower.com.
Date: October 22, 2018
Source: Morningstar
