Fire & Flower Holdings Corp. and its wholly-owned subsidiary Fire & Flower Inc., a leading Canadian recreational cannabis retailer, announced it has entered into a definitive agreement to acquire all of the issued and outstanding shares of Quad Nine Investments Inc., which owns and operates a licensed cannabis retail store at 717 College Street, Toronto, Ontario. Completion of the acquisition will add Fire & Flower’s eighth fully owned, open, and operating location in the province of Ontario. The Company continues to focus on the opening of additional cannabis retail stores in the province that has already completed construction. This proposed acquisition will represent Fire & Flower’s continued strategy to further grow our omnichannel, technology-enabled retail network in the province of Ontario and across the country, both through acquisition plus organic growth.
Published Ncv Newswire, New Cannabis Ventures, 11/30/2020 07:26:18
Open article: https://www.newcannabisventures.com/fire-flower-boosts-toronto-retail-cannabis-presence-with-acquisition/