spot_img

Ontario: Fire & Flower announces two cannabis store agreements

 

Fire & Flower Holdings Corp. (“Fire & Flower” or the “Company”) (TSXV: FAF) is pleased to announce that its subsidiary, Fire & Flower Inc. (“F&F”), has entered into agreements (the “Agreements”) with two of the initial 25 applicants that have been selected by the Alcohol and Gaming Commission of Ontario (the “AGCO”) to apply for cannabis Retail Operator Licences in the East Region of Ontario.

Both of the applicants have submitted their Retail Operator Licence and Retail Store Authorization applications. Following receipt of the Agreements, the AGCO has advised the applicants that their applications will proceed to the eligibility phase of review, where they will be assessed for current and ongoing compliance with the Cannabis Licence Act, 2018 and its regulations.

The Agreements provide F&F with licensing and consulting fees as well as an option to purchase each of the applicant’s interest in the retail locations after the expiry of the lottery process, subject to approval by the AGCO. Development of the retail stores is underway to meet the AGCO’s timeline for opening by April 2019.

“These agreements represent another important step in Fire & Flower’s mission to introduce our elevated education-based approach to adult-use cannabis retail to Ontarians”, said Trevor Fencott, Chief Executive Officer of Fire & Flower. “They represent a strong vote of confidence in Fire & Flower’s best-in-class expertise to assist these applicants to develop and operate a highly regulated business within an aggressive timeline.”

Fire & Flower currently operates retail cannabis and accessory stores in Alberta and Saskatchewanand has a wholesale cannabis supply business in Saskatchewan. As part of its growth strategy, the Company intends to continue applying for licences for retail shops in AlbertaSaskatchewan and in all provinces that allow private cannabis sales, including OntarioBritish Columbia and Manitoba.

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes. Forward-looking statements in this news release include, but are not limited to, statements regarding the granting of a Retail Operator License and Retail Store Authorization to each of the applicants, the approval by the AGCO of the Agreements, any licensing and consulting fees to be paid to F&F and the opening of the retail stores by April 2019.  Management of the Company believes the expectations reflected in such forward-looking statements are reasonable as of the date hereof but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information currently available to the Company, including data from publicly available governmental sources as well as from market research and industry analysis and on assumptions based on data and knowledge of the retail cannabis industry which the Company believes to be reasonable. However, although generally indicative of relative market positions, market shares and performance characteristics, such data is inherently imprecise. While the Company is not aware of any misstatement regarding any industry or government data presented herein, the retail cannabis industry involves risks and uncertainties and is subject to change based on various factors. 

Forward-looking statements are not a guarantee of future performance and are subject to and involve a number of known and unknown risks and uncertainties, many of which are beyond the control of the Company and which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements, including those risks identified under the heading “Risk Factors” in the Company’s filing statement dated February 6, 2019 as filed on SEDAR atwww.sedar.com.

Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

SOURCE: Fire & Flower Inc.




I want to grow my online platform to create awareness about ethical consumerism, environmentalism, and the plant-based lifestyle. My main mission is to share information that empowers people to make better choices and create a VEG NEW WORLD :)


Your support is vital and is helping me share the collected information with thousands of readers and viewers. I try to deliver exclusive stories and relevant content in a challenging commercial environment. Your contribution helps me to cover the costs that my service requires. Please consider contributing (no matter how small) to keep the information flowing so you can remain informed and have life changing interviews and stories to share.

spot_img

Subscribe

Related articles

Remy Robotics exits stealth mode with launch of third autonomous robotic kitchen

  Pioneer in robot-enabled delivery-only restaurants expands its reach and...

GUUD Modern Muesli Launches Functional Cereal Line

New ‘Fuel’ Products Take Breakfast to the Next Level GUUD,...

Yoga guru offers free guided meditation for World Meditation Day

  Available online for participants across the globe, or in-person...

Fleur & Bee Releases Beginner-Friendly Retinol Moisturizer

Clean skincare brand Fleur & Bee officially debuts its...
spot_img
Betty Tűndikhttps://vegnew.world
Hi everyone! Nice to e-meet you! Here are a few things you should know about me. I am a conscientious, open-minded, adaptable to new experiences, and ambitious Business Development Manager with a Bachelor's Degree in Economics - Banking, Finance, and Accountancy. Through my studies, I've also obtained many naturopathic and nutrition degrees as well. Part-time jobs have added marketing, network marketing, event management, and store management skills to my experience throughout my career. Throughout my career, I have also been a Hotel Manager and owned a Bar/Restaurant & Internet Cafe. My online marketing and social media interactivity experience was gained when I and my husband started a business with an online/organic webshop & healthy lifestyle consultancy. I've improved my English at Cambridge Academy of English - 2003, in Cambridge. I live a conscious lifestyle, and try to protect the ecosystem. Animal lover and capable of helping others without judgment or negative reactions, this is thanked my knowledge in holistic therapies and the naturopathy courses I've followed. I cannot leave for my spiritual growth and the continuous development in alternative and holistic therapies, so I'm learning at Kyron School of New Consciousness, receiving a Bio Energo-therapist diploma. Thanks to all my experiences I've decided to venture into publishing and writing, while also continuing to learn many new things daily. I hope you enjoy reading my hand-picked news and check back for my weekly articles.