Cannabis « AGORACOM Small-cap Investor Relations Blog

Posts Tagged ‘Cannabis’

Harborside Inc. $HBOR.ca $HBORF Completes $5 Million Strategic Investment in Loudpack $VFF.ca $HARV.ca $ACB.ca

Posted by AGORACOM at 7:59 AM on Monday, March 8th, 2021

Fosters Partnership with Premier California Cultivator, Brand Operator, and Distributor

Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR), a California-focused, vertically integrated cannabis enterprise, today announced it has completed a $5 million strategic investment in LPF JV, LLC (“Loudpack”), through a 15%, secured convertible note due December, 2022 (the “Funding”). Loudpack is the premier California cannabis company with a broad cultivation, manufacturing, processing, and distribution footprint and a strong portfolio of brands.

In connection with the Funding, Harborside has engaged Loudpack to provide services aimed at identifying production efficiencies as well as improving harvest yields at the Company’s cultivation facility located in Salinas, California. In addition, Loudpack will be providing contract manufacturing services for a suite of Harborside branded products and Harborside will be increasing the availability of shelf space for Loudpack branded products including Kingpen, Loudpack, Dimebag, and Smokiez at the Company’s retail stores.

“We are focused on improving our profitability through implementing best-in-class, highly efficient production techniques, increasing the quality of our supply chain and expanding our inhouse brands into manufactured products,” said Matthew Hawkins, Chairman of Harborside. “Through this capital investment, we have strengthened our partnership with Loudpack and will look to leverage their expertise as we explore opportunities to expand our cultivation, production, and distribution capabilities to improve the availability of our high-quality cannabis products for consumers across California.”

Tags: American CBD, california cannabis, Cannabis, Canopy Growth Corp, CSE, Greenhouse
Posted in All Recent Posts, Harborside | Comments Off on Harborside Inc. $HBOR.ca $HBORF Completes $5 Million Strategic Investment in Loudpack $VFF.ca $HARV.ca $ACB.ca

Quizam Media Corp $QQ.ca $QQQFF is Seeing Explosive Growth for its Quantum #Cannabis Corporation, Expanding its Retail Footprint amidst The Great Cannabis Gold Rush $FAF $FAF.ca $CLIQ $ISH $ISH.ca $SUN.ca

Posted by AGORACOM-JC at 5:01 PM on Wednesday, March 3rd, 2021

Quizam Media Corp’s (QQ:CSE QQQFF:OTC) wholly owned subsidiary Quantum 1 Cannabis is experiencing rapid growth across British Columbia!

In the past 12 months, Quantum 1 has opened stores in:

North Vancouver
Vernon
Grand Forks
Keremeos
Creston

And it will soon be opening its sixth, and flagship, store in Oakridge, B.C.

In Tandem with this expansion, quarterly revenue is accelerating rapidly, rising from $138,000 in Nov 2019 to $954,000 in Nov 2020.

What’s its secret sauce? The company places a huge emphasis on education. That’s because Quizam has its roots as an educational media company that spent a long time educating people about cannabis, long before it became legal.

In this nascent market, people are looking for trusted, authoritative voices

The company’s growth comes as Canada is experiencing ‘The Great Cannabis Gold Rush’ –

By 2021, Canada’s cannabis market is expected to reach $3bn, translating to 77.9% CAGR from 2018-2021.
Cannabis now contributes $14.6bn to Canada’s economy, up from $8bn previous est.
Cannabis 2.0 new products (candy, drinks) could generate $2.5bn in sales in Canada.
You’re going to want to get comfy for this conversation with Russ Rossi, Quizam Media’s President & CEO:

Tags: Cannabis, CBD, CSE, Hemp, Marijuana, small cap, small cap stocks, stocks
Posted in AGORACOM Via Satellite, Quantum 1 Cannabis, Quizam Media Corp’s | Comments Off on Quizam Media Corp $QQ.ca $QQQFF is Seeing Explosive Growth for its Quantum #Cannabis Corporation, Expanding its Retail Footprint amidst The Great Cannabis Gold Rush $FAF $FAF.ca $CLIQ $ISH $ISH.ca $SUN.ca

$HOLL Announces Closing of $7.9M Private Placement of Special Warrants, Including Full Exercise of Agents’ Option $CRON $GTBIF $INDS $META.ca $FAF.ca $WEED.ca

Posted by AGORACOM at 3:39 PM on Tuesday, March 2nd, 2021

Hollister Biosciences Inc. | CSE - Canadian Securities Exchange

The Company has now closed the brokered private placement of 21,635,094 Special Warrants and raised gross proceeds of $7,896,809.31

VANCOUVER, BC – March 2, 2021 – Hollister Biosciences Inc. (CSE:HOLL, OTC:HSTRF, FRANKFURT:HOB) (“Hollister” or the “Company”) is pleased to announce, further to its news releases of January 21, 2021, and January 20, 2021, that the Company has now closed the brokered private placement of 21,635,094 Special Warrants of the Company (the “Special Warrants”) at a price of $0.365 per Special Warrant and raised gross proceeds of $7,896,809.31 (the “Offering”), including 3,825,094 Special Warrants sold pursuant to the exercise in full of the agents’ option granted to the Agents (as defined herein).

Eight Capital acted as sole bookrunner and lead agent on behalf of a syndicate of agents including Haywood Securities Inc. and Paradigm Capital Inc. (together with Eight Capital, the “Agents”) under the Offering.

Each Special Warrant will be automatically exercisable into units of the Company (the “Units”), as described below. Each Unit consists of one common share of the Company (a “Share”) and one-half of one common share purchase warrant (each full warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Share at a price of $0.50 per Share on or before January 2, 2025, being 46 months following the date of closing of the Offering (the “Closing Date”).

Each Special Warrant will be automatically exercisable, for no additional consideration, into Units on the date (the “Automatic Exercise Date”) that is the earlier of: (i) the date that is three business days following the date on which the Company either (A) obtains a receipt from the applicable securities regulatory authorities (the “Securities Commissions”) for a (final) short form prospectus qualifying distribution of the Units underlying the Special Warrants (the “Qualifying Prospectus”); or (B) files a supplement to a (final) short form base shelf prospectus qualifying the distribution of the Units underlying the Special Warrants (the “Qualifying Supplement”), and (ii) July 3, 2021, being the date that is four months and one day after the closing of the Offering.

Notwithstanding the foregoing, in the event the Company has not received a receipt from the Securities Commissions for the Qualifying Prospectus or filed a Qualifying Supplement on or before March 12, 2021, each holder of Special Warrants shall thereafter be entitled to acquire an additional one-half of one (0.5) Warrant for each Unit to be issued to such holder upon the automatic exercise of the Special Warrants, such that each Unit shall be comprised of one Share and one whole Warrant (collectively, the “Penalty Warrants”), without further payment or action on the part of the holder.

In connection with the Offering, the Company paid the Agents $651,084.20 in commissions and advisory fees and issued 1,441,580 special broker warrants (the “Special Broker Warrants”) to the Agents. Each Special Broker Warrant is automatically exercisable into one broker warrant (a “Broker Warrant”) for no additional payment on the Automatic Exercise Date. Each Broker Warrant will be exercisable into one Unit, subject to adjustment, at $0.365 per Unit for a period of 24 months from the closing of the Offering. Each Unit is comprised of one Share and one-half of one Warrant.

All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation ending on July 3, 2021. The net proceeds received from the Offering will be used for working capital and general corporate purposes.

TransCanna’s $TCAN.ca Lyfted Farms Set to Increase Cultivation by 300% $VFF.ca $ACB.ca $GTII.ca $TEQ.ca

Posted by AGORACOM at 9:51 AM on Tuesday, March 2nd, 2021

Company anticipates escalation in cultivation to have direct effect on revenue growth
Strategic location of the Company’s new facility takes full advantage of California’s lowest industrial electrical costs
“Our new facility gives us a massive competitive cost advantage that will increase our margins and empower us to offer consumers the best products at the most competitive prices,” said Bob Blink

Vancouver, British Columbia–(Newsfile Corp. – March 2, 2021) – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (OTC: TCNAF) (“TransCanna” or the “Company”) has increased its cultivation capacity by 300%, enabling it to effectively triple production of its most profitable and in-demand product: exotic indoor flower. With this increased cultivation capacity, Lyfted Farms – hailed in the industry for its premium genetics and seasoned team of master cultivators – can now meet consumer-driven demand in Northern California while expanding into the sizable Southern California home containing over 23,000,000 residents.

“We literally cannot keep up with demand as the vast majority of shipments are selling out within days of landing on retail shelves,” said Alan Applonie, General Manager for TransCanna subsidiary, Lyfted Farms. “We have been waiting for the right time to enter the Southern California market but needed this increase in cultivation capacity to effectively build and preserve our reputation for unwavering quality and reliability with our retailers and consumers,” said Mr. Applonie.

In addition to increasing output, the strategic location of the Company’s new Daly facility in Modesto, California, takes full advantage of California’s lowest industrial electrical costs per kilowatt-hour.

“Electricity is the largest direct cost for indoor cultivation so the location of our new facility gives us a massive competitive cost advantage that will increase our margins and empower us to offer consumers the best products at the most competitive prices,” said Bob Blink, CEO of TransCanna.

The additional cultivation rooms coming online within the Daly facility also unlock Lyfted Farms’ ability to leverage its multi-decade relationships within the industry. The expansion in cultivation capacity opens the door for collaboration with other dominant California cannabis lifestyle brands. Ensuing co-branding efforts (soon to be revealed) will be powerful and will impact all meaningful cannabis market segments within the state.

The new developments represent significant strides in TransCanna’s mission to establish itself as California’s leading cannabis conglomerate.

Read more: https://agoracom.com/ir/TranscannaHoldings/forums/discussion/topics/756376-transcanna-s-lyfted-farms-set-to-increase-cultivation-by-300/messages/2306057#message

Tags: Aphria Inc, Aurora Cannabis Inc, california cannabis, Cannabis, Canopy Growth Corp, CSE, stocks, TransCanada Corp.
Posted in TransCanna Holdings Inc. | Comments Off on TransCanna’s $TCAN.ca Lyfted Farms Set to Increase Cultivation by 300% $VFF.ca $ACB.ca $GTII.ca $TEQ.ca

Spyder $SPDR.ca Cannabis to Acquire a Leading Vape Retailer 180 Smoke $ACB $APHA $CRON.ca $OGI.ca

Posted by AGORACOM-JC at 11:23 AM on Tuesday, February 23rd, 2021

To acquire all of the issued and outstanding shares of the entities that collectively comprise the business of 180 Smoke (“180 Smoke“), a dominant vape retailer in Canada. The Company has agreed to purchase the shares of 180 Smoke

Vaughan, Ontario–(February 23, 2021) – Spyder Cannabis Inc. (TSXV: SPDR) (“Spyder” or the “Company“), an established Canadian cannabis and vape retailer, is pleased to announce that the Company has entered into a binding agreement with CRHC Holdings Corp. (the “Seller“) to acquire all of the issued and outstanding shares of the entities that collectively comprise the business of 180 Smoke (“180 Smoke“), a dominant vape retailer in Canada. The Company has agreed to purchase the shares of 180 Smoke (the “Acquisition“), on a cash-free basis (after post-closing adjustments), for nominal consideration. Additionally, the Company has secured a strategic institutional investor to acquire all of the existing debt of 180 Smoke owing to an affiliate of the Seller. The parties will proceed to close the Acquisition upon satisfaction of the closing conditions.

Transaction Highlights

180 Smoke is a leading Canadian vape product retailer that has been widely regarded as the gold standard for vape store operations and customer service. 180 Smoke sells high-quality e-cigarettes, vaporizers and other nicotine-related products.
The Acquisition is expected to immediately increase Spyder’s consolidated revenue with the addition of 180 Smoke’s nicotine vape sales, franchise revenue and other wholesale and distribution revenue which generated approximately $12.9 million in unaudited net revenue during the year ended December 31, 2020.
180 Smoke has a team of 91 employees who will continue to operate 180 Smoke’s 18 brick and mortar vape retail locations, 8 franchises, and its corporate head office and distribution warehouse, following the closing of the Acquisition.
180 Smoke’s current customer base includes 92,481 in-store accounts, 98,052 online accounts, as well as 235 specialty wholesale vape B2B accounts.
Spyder expects to integrate its 2 brick and mortar vape retail stores with those of 180 Smoke’s to leverage the acquired know-how and intellectual property, including retail store design and layout, standard operating procedures, administrative systems and customer support, human resources and staff training, and accounting.
Synergies are also expected between 180 Smoke’s existing customer base with Spyder’s cannabis business.
Spyder will have the ability to utilize its wholly-owned subsidiary’s Retail Operator License issued by the Alcohol and Gaming Commission of Ontario (AGCO) to convert some of 180 Smoke’s existing vape retail locations to licensed cannabis dispensaries by obtaining a Retail Store Authorization from the AGCO for such store.

Read More: https://agoracom.com/ir/SpyderCannabis/forums/discussion/topics/755908-spyder-cannabis-to-acquire-a-leading-vape-retailer-180-smoke/messages/2304946#message

Tags: Cannabis, CBD, CSE, Hemp, Marijuana, small cap stocks, stocks
Posted in Spyder Cannabis Inc. | Comments Off on Spyder $SPDR.ca Cannabis to Acquire a Leading Vape Retailer 180 Smoke $ACB $APHA $CRON.ca $OGI.ca

California Grants #Cannabis Cultivation License to TransCanna $TCAN.ca $VFF.ca $ACB.ca $GTII.ca $TEQ.ca

Posted by AGORACOM-JC at 3:24 PM on Saturday, February 20th, 2021

Game-changing achievement for the budding cannabis enterprise

Received a highly coveted cultivation license from the State of California that will accelerate the Company’s cultivation capacity almost immediately
license represents a major milestone achievement in its endeavors to be California’s leading fully integrated cannabis cultivator, processor, manufacturer, wholesaler and distributor
“Obtaining this license is a significant turning point for TransCanna and opens up the door to the explosive growth we’ve been positioning ourselves for,” said Bob Blink

Vancouver, British Columbia–(February 20, 2021) – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) is pleased to announce that it has received a highly coveted cultivation license from the State of California that will accelerate the Company’s cultivation capacity almost immediately.

The State of California has granted a cultivation license to Lyfted Farms – a TransCanna wholly owned subsidiary – for its flagship Daly facility in Modesto, California. Bob Blink, TransCanna CEO states “Such cultivation licenses in the region are notoriously difficult to obtain. Current applications are back-logged and not even being considered for processing by the county until the end of 2021.”

For TransCanna, the license represents a major milestone achievement in its endeavors to be California’s leading fully integrated cannabis cultivator, processor, manufacturer, wholesaler and distributor.

“Obtaining this license is a significant turning point for TransCanna and opens up the door to the explosive growth we’ve been positioning ourselves for,” said Bob Blink. “Demand has been consistently outstripping supply for our exotic indoor cannabis strains, and now with this new massive facility receiving approval for cultivation, we can finally meet that demand and continue to scale. This will make us one of the largest licensed facilities of its kind in the State of California.”

In addition to cultivation, the new Daly facility empowers TransCanna to increase its scope of offerings and establish its dominance in the California cannabis supply chain.

The Daly facility will anchor other TransCanna operations and serve as a supply chain hub for third party farms across Northern California, offering secure storage, concentrate manufacturing, wholesale market-making, white label services, and State-wide distribution.

Prior to achieving its cultivation license, the facility gained its distribution license in June 2020. Next, TransCanna is eagerly anticipating its processing license (pending approval by the State of California mid to late March) which will qualify the company to dry, cure, trim, grade, and package cannabis onsite. In addition to saving time and money for in-house brands with on-site processing, the processing license will enable TransCanna to open up new revenue streams servicing third party growers.

“California’s cannabis market is $5 billion in sales and growing, and we are well on our way to establishing ourselves at the epicenter of this category with our cultivation, processing, wholesaling and distribution arms of the entire California supply chain,” said Bob Blink, TransCanna CEO.

About TransCanna

TransCanna Holdings Inc. is a California-based, Canadian-listed company building cannabis-focused brands for the California lifestyle, through its wholly-owned California subsidiaries.

TransCanna’s wholly owned subsidiary Lyfted Farms is California’s authentic cannabis brand whose pioneering spirit has been continuously providing the finest cannabis flower genetics and cultivation methods since 1984. The Lyfted Farms brand of exclusive cannabis flower is sold at premium retailers throughout the state. With its new cultivation facility in Daly, California, the company is now poised to become one of the largest and most efficient vertically integrated cannabis companies in the California market.

Read more: https://agoracom.com/ir/TranscannaHoldings/forums/discussion/topics/755740-california-grants-cannabis-cultivation-license-to-transcanna/messages/2304595#message

Tags: Aphria Inc, Aurora Cannabis Inc, california cannabis, Cannabis, Canopy Growth Corp, CSE, stocks, tsx, tsx-v
Posted in TransCanna Holdings Inc. | Comments Off on California Grants #Cannabis Cultivation License to TransCanna $TCAN.ca $VFF.ca $ACB.ca $GTII.ca $TEQ.ca

Harborside Inc. $HBOR $HBORF Announces Closing of Upsized Private Placement For Gross Proceeds of C$35,103,045 $VFF.ca $HARV.ca $ACB.ca

Posted by AGORACOM at 3:56 PM on Thursday, February 18th, 2021

Harborside Inc. (“Harborside”, or the “Company) (CSE: HBOR), (OTCQX: HBORF), a California-focused, vertically-integrated cannabis enterprise, is pleased to announce that it has closed its previously announced upsized brokered private placement of units of the Company at a price of C$2.55 per SVS Unit (as defined below) and C$255.00 per MVS Unit (as defined below) for aggregate gross proceeds of C$35,103,045 (the “Offering”). Beacon Securities Limited and ATB Capital Markets acted as co-lead agents in connection with the Offering (the “Agents”).

“We are very pleased with the strong investor interest and demand we received during our recent upsized offering,” said Peter Bilodeau, Interim CEO of Harborside. “With a strengthened balance sheet, Harborside is well positioned to further accelerate our growth as we enter 2021. We remain focused on continuing to build scale in the California market by optimizing and generating further efficiencies at our Salinas farm while continuing to provide best-in-class retail experiences and the high-quality cannabis products our customers in California have come to expect from Harborside.”

Each unit issued to non-residents of the United States (an “SVS Unit”) is comprised of one subordinate voting share of the Company (a “Subordinate Voting Share”) and one Subordinate Voting Share purchase warrant (a “Warrant”) of the Company. Each Warrant underlying an SVS Unit is exercisable to acquire one Subordinate Voting Share of the Company for a period of 36 months following closing of the Offering (the “Closing”) at an exercise price of C$3.69 per Subordinate Voting Share, subject to adjustment and acceleration in certain events. A total of 5,806,700 SVS Units were issued pursuant to the Offering.

All investors that are considered residents of the United States under the United States Securities Exchange Act of 1934 were issued units (each, an “MVS Unit”) comprised of multiple voting shares of the Company (the “Multiple Voting Shares”) and Multiple Voting Share purchase warrants of the Company, based on the same economic equivalency of each Multiple Voting Share converting into 100 Subordinate Voting Shares. The Multiple Voting Shares are intended to minimize the proportion of the outstanding voting securities of the Company that are held by residents of the United States for purposes of determining whether the Company is a “foreign private issuer”. The holders of Multiple Voting Shares are entitled to one vote in respect of each Subordinate Voting Share into which such Multiple Voting Share could be converted, and as such the Multiple Voting Shares do not necessarily hold voting rights that are superior to the holders of Subordinate Voting Shares, on an as converted to Subordinate Voting Shares basis. A total of 79,592 MVS Units were issued pursuant to the Offering.

In consideration for their services, the Company paid the Agents a cash commission equal to C$1,451,340.75 and issued the Agents an aggregate of 569,154 broker warrants (“Broker Warrants”). Each Broker Warrant is exercisable to acquire, within 12 months from Closing, one SVS Unit at an exercise price of C$2.55 per SVS Unit.

Tags: American CBD, california cannabis, Cannabis, Canopy Growth Corp, CSE
Posted in All Recent Posts, Harborside | Comments Off on Harborside Inc. $HBOR $HBORF Announces Closing of Upsized Private Placement For Gross Proceeds of C$35,103,045 $VFF.ca $HARV.ca $ACB.ca

TransCanna $TCAN.ca Final Stage of Phase One Completion at Daly Facility $VFF.ca $ACB.ca $GTII.ca $TEQ.ca

Posted by AGORACOM-JC at 8:12 AM on Wednesday, February 17th, 2021

Phase One expected to generate up to CAD$ 28,000,000 to $32,000,000 additional annual Revenues
Company anticipates the remaining construction to take 60 days from the date of execution of the Definitive Agreements with Wild Horse Properties L.P., which will provide the company access to a $2,000,000 convertible construction loan.

Vancouver, British Columbia — (February 17, 2021) – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company“) is extremely excited to announce the Company has entered into the final stage of the Phase One build-out of its Daly Facility located in Modesto, CA. With the facility construction approximately 80% complete, the Company anticipates the remaining construction to take 60 days from the date of execution of the Definitive Agreements with Wild Horse Properties L.P., which will provide the company access to a $2,000,000 convertible construction loan.

“The entire team is thrilled to complete the remainder of the Phase One Daly Facility build-out. The opportunity ahead of us to scale our genetic offerings, cultivation, state-wide distribution and processing divisions is very exciting. Each of these functions have synergistic impacts on the efficiencies of the business. Top-tier manufacturing for concentrates will soon follow, significantly leveraging up the entire portfolio,” stated Alan Applonie, General Manager of the Daly Facility.

Once construction is complete, on or around April 15, 2021, the company will boast the following cultivation, distribution, and processing capabilities at its flagship Daly Facility:

Cultivation

Five (5) 4,500 sq. ft. grow rooms
Each new cultivation room is expected to add an additional $12-$14M CAD
The incremental gain of 500 lights represents a 330% increase over current capacity
Each room will be outfitted with a minimum of 100 lights.
The first completed cultivation room planned to have plants under lights by March 15, 2021

Distribution

Robust distribution infrastructure with secured loading and unloading of vans
Climate controlled storage facilities that can accommodate 100 acres of harvested product, cured bulk product, and more than 100 pallet positions for finished goods
Aggregation of the company’s crop management products
Finished goods from multiple brands and partners for efficient logistics between the Northern and Southern California markets
Revenue is expected to commence in March and to achieve an annualized run rate of $8-10M CAD

Processing

Curing, grading, and packaging of cannabis flower from compliant 3rd party farms
Provides the operational basis to execute a comprehensive white-label/co-packaging and brand creation center to fill lower price point market segments
Revenue is expected to begin in March and to achieve an annualized run rate of $8-10M CAD
State Processing License expected by March 15th, 2021

Read More: https://agoracom.com/ir/TranscannaHoldings/forums/discussion/topics/755487-final-stage-of-phase-one-completion-at-daly-facility/messages/2303991#message

Tags: Aphria Inc, Aurora Cannabis Inc, california cannabis, Cannabis
Posted in TransCanna Holdings Inc. | Comments Off on TransCanna $TCAN.ca Final Stage of Phase One Completion at Daly Facility $VFF.ca $ACB.ca $GTII.ca $TEQ.ca

Quantum 1 Cannabis $QQ.ca to Open Flagship Location near Oakridge Centre, Vancouver’s Largest Retail and Residential Development $TPX.A.ca $ACB.ca $WEED

Posted by AGORACOM at 10:38 AM on Tuesday, February 16th, 2021

The 2,400 sq ft retail location is in one of Vancouver’s most diverse neighborhoods
Quantum has 20 days to complete its due diligence and finalize terms

Vancouver, BC – TheNewswire – February 16 ^th, 2021 – Quizam Media Corporation (“the Company”) (CSE:QQ) (CNSX:QQ.CN) (OTC: QQQFF) is pleased to announce that its subsidiary, Quantum 1 Cannabis (“Quantum”), one of Canada’s fastest growing and leading recreational cannabis retailers, has signed a Memorandum of Understanding (“MOU”) to acquire an approved, municipal cannabis retail location in one of Vancouver’s most diverse neighborhoods at 41 ^stand Cambie Street in Vancouver, BC.

“This flagship location expands our footprint in the Lower Mainland and has exceptional potential for growth. With over a billion dollars of development being spent at Oakridge Centre, density will significantly increase in what is already a high traffic area,” stated CEO Russ Rossi. “Our dedicated team of experts is excited to serve our growing base of customers with a service and retail experience unlike anything seen in BC before.”

Under the terms of the MOU agreement, Quantum has 20 days to complete its due diligence, finalize terms in a definitive agreement, and ensure the smooth transfer of all licenses and permits.

The new 2,400 square foot location will feature a full service, recreational cannabis retail experience featuring an upscale, contemporary design and a staff of highly trained cannabis consultants.

Tags: Cannabis, Quantum 1 Cannabis, Quizam, Quizam Media Corporation, Retail, Vancouver
Posted in Quizam Media Corporation | Comments Off on Quantum 1 Cannabis $QQ.ca to Open Flagship Location near Oakridge Centre, Vancouver’s Largest Retail and Residential Development $TPX.A.ca $ACB.ca $WEED

Spyder Cannabis Provides Update on Cannabis Dispensary Application in Pickering $ACB $APH $CRON.ca $OGI.ca

Posted by AGORACOM-JC at 9:00 AM on Tuesday, February 16th, 2021

Received notice from the City of Pickering regarding an initial inspection of the Company’s proposed cannabis dispensary located at 776 Liverpool Rd., Unit 4, Pickering, Ontario, L1W 1S2.
Spyder Subco has a Retail Operator License issued by the Alcohol and Gaming Commission of Ontario and currently operates a cannabis dispensary in Niagara Falls, Ontario.

Vaughan, Ontario–(February 16, 2021) – Spyder Cannabis Inc. (TSXV: SPDR) (“Spyder” or the “Company“), an established Canadian cannabis and vape retailer, is pleased to announce that its wholly-owned subsidiary, Spyder Cannabis Subco Inc. (“Spyder Subco“), has received notice from the City of Pickering regarding an initial inspection of the Company’s proposed cannabis dispensary located at 776 Liverpool Rd., Unit 4, Pickering, Ontario, L1W 1S2. Spyder Subco has a Retail Operator License issued by the Alcohol and Gaming Commission of Ontario (the “AGCO“) and currently operates a cannabis dispensary in Niagara Falls, Ontario.

In anticipation of the city’s approval of the sale of cannabis in Pickering, the Company secured a retail premises and began to build out the location in 2019. The inspection is scheduled to take place during the week of February 16, 2021. Subject to passing the inspection, and making any necessary modifications, Spyder Subco will be placed in the queue of applications and will await receipt of a Retail Store Authorization from the AGCO for the new premises, permitting the Company to begin operating a licensed cannabis dispensary in Pickering and its second dispensary in Ontario.

Dan Pelchovitz, President & CEO of Spyder, commented, “Pickering is strategically located where Toronto, York and Durham Regions meet, and boasts a growing population of approximately 100,000 residents. Spyder’s team is excited to bring its brand name and best-in-class customer service to one of the fastest growing cities in Ontario.”

Read More: https://agoracom.com/ir/SpyderCannabis/forums/discussion/topics/755397-spyder-cannabis-provides-update-on-cannabis-dispensary-application-in-pickering/messages/2303797#message

Tags: Cannabis, CBD, CSE, Hemp, Marijuana, small cap stocks, stocks, tsx
Posted in Spyder Cannabis Inc. | Comments Off on Spyder Cannabis Provides Update on Cannabis Dispensary Application in Pickering $ACB $APH $CRON.ca $OGI.ca

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