Westleaf Inc. (TSX-V: WL) (“Westleaf”), is pleased to announce the opening of a Prairie Records cannabis retail operation in Warman, Saskatchewan and that the company has secured an option agreement (the “Option”) to acquire an additional cannabis retail store location in Swift Current. The Option is conditional on provincial regulatory approval of the permit application and the transactions contemplated by the Option. The Swift Current location is expected to be operated under the Prairie Records brand.
Prairie Records is a unique retail experience that celebrates the instinctual relationship of music and cannabis and surrounds the customer with the aesthetic of shopping in a vintage vinyl shop. The Prairie Records store is now open, centrally located in the town of Warman, just north of Saskatoon. The 3,200-square-foot location includes a retail storefront and warehouse space for an e-commerce fulfillment centre to serve the entire Saskatchewan market.
- Launch of the one-of-a-kind cannabis retail experience Prairie Records, and one of ~50 stores planned across Western Canada by the end of 2020;
- The Warman location will serve as the online fulfillment centre for direct to consumer sales across the entire province of Saskatchewan;
- Westleaf now has the option to purchase three additional retail stores in Saskatchewan, two in Saskatoon, and one in Swift Current. All options are conditional on provincial regulatory approval.
“Prairie Records is going to stand out from our competitors as something distinct and will provide the customer with a unique and engaging cannabis retail experience,” said Adam Coates, Chief Commercial Officer with Westleaf. “From the moment you walk through the door the customer will be greeted by a differentiated and inviting approach to cannabis retail.” Coates noted that shopping at a Prairie Records store will invoke the feeling of a retro-record shop, complete with music paraphernalia, curated play lists, and product information being presented on album covers.
“The opening of this Prairie Records location in Saskatchewan represents a significant milestone for Westleaf” said Scott Hurd, President and CEO of Westleaf. “As a vertically integrated cannabis company we are steadfast in our commitment to execute on our plans to have assets across the cannabis value chain. Combined with the cultivation facility under construction near Battleford, Saskatchewan and the extraction, R&D and production centre under construction in Calgary, Alberta, our strategy is rolling out as planned.” Hurd added.
The Warman location is the first Prairie Records store in Saskatchewan and will be followed by two locations in Saskatoon and one location in Swift Current, subject to Westleaf exercising its option to purchase agreements. Customers can expect superior customer service at Prairie Records, staff have undergone extensive training to ensure they can meet the diverse needs of every consumer who walks through the door while providing a safe, inclusive environment rooted in cannabis education. Prairie Records’ Warman location is located at 100 2nd Ave North and is open Sunday to Thursday from 10 a.m. to 10 p.m. and Friday and Saturday from 10 a.m. to 12 a.m. For more information on Prairie Records, visit prairierecords.ca.
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. This news release, forward-looking statements relate, among other things, to: (i) regulatory approval of the permit application and the transaction contemplated by the Option Agreement; (ii) the number of prospective Westleaf retail cannabis locations inSaskatchewan; the result and impact of the exercise of the Option, if ever, on Westleaf and its business; (iii) theSaskatchewan cannabis market and Westleaf’s ability to participate therein; (iv) the number of Westleaf retail locations across Canada and the jurisdiction in which it expects to have retail locations; (v) the completion of Westleaf’s facilities, including the timing thereof; and (vi) the business and operations of Westleaf. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder, court or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Westleaf assume no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
SOURCE: Westleaf Inc.
Zenabis to Supply Premium Recreational Cannabis to Alberta
Zenabis Global Inc. (“Zenabis”) (TSXV: ZENA) today announced that it will formally enter the Alberta recreational cannabis market, supplying retailers throughout the province through a Supply Agreement it has entered into with the Alberta Gaming, Liquor & Cannabis Commission (AGLC). Zenabis will supply seven strains of its premium, adult-use Namastetm products beginning Q1 2019.
Alberta represents the eighth province/territory that Zenabis will supply, and builds on Zenabis’ significant recent momentum in developing sales and marketing channels for its complete range of products. On February 4, 2019 Zenabis announced an agreement with Shoppers Drug Mart, adding a major new retail channel to serve medical patients across Canada.
“We are thrilled to offer our products to Alberta consumers, and to grow our distribution platform in a significant new market,” said Andrew Grieve, Chief Executive Officer of Zenabis. We look forward to continuing the rapid expansion of our distribution relationships in Canada and abroad.”
In addition to Alberta, Zenabis has distribution relationships with government and third-party retailers/distributors British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and the Yukon Territory.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, costs, objectives or performance of Zenabis, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the sale of Zenabis products in Alberta pursuant to the supply agreement; and the conversion, expansion and optimization of Zenabis’ facilities. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur. Forward-looking information is based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Zenabis’ control. These risks, uncertainties and assumptions include, but are not limited to, those described Zenabis Management Information Circular dated November 23, 2018, a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. Furthermore, any forward-looking information with respect to available space for cannabis production is subject to the qualification that management of Zenabis may decide not to use all available space for cannabis production, and the assumptions that any construction or conversion would not be cost prohibitive, required permits will be obtained and the labour, materials and equipment necessary to complete such construction or conversion will be available. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Zenabis does not intend, nor undertake any obligation, to update or revise any forward-looking information contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.
SOURCE: Zenabis Global Inc.
New Partnership for tasty and vegan-friendly dish
Sunset Grill Restaurants and McIlhenny Company’s world-famous TABASCO® brand have joined forces for a limited time infusing the rich, smoky flavour of TABASCO® Chipotle Sauce with the Canadian breakfast chain’s tasty new Southwest Vegan Breakfast Hash.
Sunset Grill’s vegan hash combines home fries with sautéed onion, red pepper and mushrooms with a side of diced tomatoes and gluten-free guacamole. It was created in part due to guest demand for more vegan-friendly breakfast options. Now and for a limited time, a bottle of TABASCO® Chipotle Sauce will be served tableside with the dish and be offered as a premium flavour option on all dishes upon request.
“The smoky profile of the TABASCO® Chipotle Sauce perfectly complements the southwest flavour of Sunset Grill’s vegan hash and really takes the dish to a whole new level,” said Angelo Christou, founder and CEO of Sunset Grill Restaurants Ltd.
TABASCO® Chipotle Sauce is considered a “medium” on the Scoville scale – which means it’ll give you the kick of heat you crave without completely knocking your socks off. The sauce is made of vine-ripened, red jalapeño peppers smoked over an open pecan wood fire. It’s preservative free, gluten-free, non-GMO, kosher and halal.
“TABASCO® Foodservice Canada are thrilled to partner with an iconic local Canadian brand in Sunset Grill. We salute their ongoing efforts to innovate customer centric healthier, in this case vegan-friendly, options that deliver big flavour, and satisfaction,” said Daryl Lunney, vice president marketing, TABASCO® Foodservice Canada. “Loyal Sunset Grill patrons will now have the opportunity to elevate their other amazing offerings with a touch of the southwest by adding just a few dashes of TABASCO® Chipotle Sauce.”
The partnership was born out of a desire to elevate the traditional breakfast brand’s offerings with on-trend flavour infusions. The promotion includes an in-store poster, as well as an online ad spend for every Sunset Grill restaurant location to target local communities as well as an additional effort to promote the dish within the vegan community.
TABASCO® Chipotle will be available in all Sunset Grill franchised locations until late April 2019.
SOURCE: Sunset Grill Restaurants Ltd.
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 Alberta, Saskatchewan and in all provinces that allow private cannabis sales, including Ontario, British 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.
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