Residents of Kingston, Ont. could soon gain access to new cannabis store

Angela Stelmakowich - thegrowthop.com Posted 6 years ago
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Inner Spirit Holdings Ltd.’s subsidiary, Spirit Leaf Inc. (SLI), has entered into an agreement with one of the 25 winners in Ontario’s retail cannabis lottery, clearing the way for a Spiritleaf-branded store to open its doors come Apr. 1.

 

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The lottery winner has made an application to open a Spiritleaf retail cannabis store in the heart of Kingston in anticipation of the targeted April opening, notes a statement from Inner Spirit, which is establishing a chain of recreational cannabis stores under its Spiritleaf brand and currently has four retail franchise stores in Alberta and Saskatchewan (a fifth was scheduled to open Feb. 14).

“The retail agreement entered into with the Ontario retail lottery winner allows for the opening of a Spiritleaf store through a brand licence and consulting arrangement with SLI. SLI is collaborating with the lottery winner to build out the store location, license its brand and operating standards, and provide expert product training,” it states.

 

 

“Our company’s entry into the Ontario market is an important milestone for our business strategy and highlights our plans to locate more than 100 stores throughout the country that support and promote the Spiritleaf brand for Canada’s cannabis consumer,” says Darren Bondar, president and CEO of Inner Spirit.

“SLI has also entered into 20 franchise agreements for the Ontario market in anticipation of the Government of Ontario’s plans to issue additional retail licences starting in December 2019, with intentions of opening, or licensing others the right to open, up to the maximum 75 stores initially expressed to be permitted by the provincial government,” the company adds.

 

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