Canada’s cannabis giants advance coast-to-coast retail plans

Two of Canada’s largest cannabis corporations – Aphria and Aurora – are working to determine networks of adult-use retail shops throughout the nation in advance of the leisure marijuana market launch in October.

Alberta-based Aurora Cannabis reached a license settlement with Alcanna, the most important private-sector liquor retailer in Canada.

In February, Aurora paid 103.5 million Canadian dollars ($82.5 million) for a 19.9% possession curiosity in Alcanna – then referred to as Liquor Stores N.A.

The unique settlement permits Alcanna to open retail cannabis shops underneath the Aurora model in provinces the place personal retail can be permitted.

Alcanna will construct, personal and function the brand new cannabis shops, which can carry a set of manufacturers from licensed producers, together with Aurora, MedReleaf and CanniMed.

Alcanna has began changing a few of its 229 liquor shops to cannabis retail retailers.

Separately, Ontario-based Aphria struck a cope with British Columbia licensed producer We Grow BC.

The unique deal provides We Grow’s cannabis to Aphria’s coast-to-coast distribution community, which can embrace Aphria’s personal merchandise in addition to these from Broken Coast Cannabis and others.

Aphria merchandise will probably be shipped throughout Canada by Great North Distributors, a subsidiary of Southern Glazer’s Wine & Spirits, North America’s largest liquor distributor.

Last month, Ontario-based Canopy Growth inked a deal to accumulate Hiku Brands, a retail-focused craft cannabis producer for CA$269 million.

Privately owned cannabis shops shall be allowed in British Columbia, Alberta, Saskatchewan, Manitoba and Newfoundland. In Ontario, efforts to signal leases for Ontario Cannabis Store retailers have been placed on maintain as the brand new authorities weighs permitting authorized marijuana gross sales in privately owned shops.

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