Couche-Tard makes strategic investment in cannabis retailer Fire & Flower

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

Couche-Tard invests in cannabis retailer Fire & Flower

Alimentation Couche-Tard announced Wednesday it is making a strategic investment in Edmonton-based cannabis retailer Fire & Flower.

Couche-Tard has agreed to buy a 9.9 per cent stake of Fire & Flower for about $26 million in debentures. It will also receive three series of share purchase warrants, which, if exercised in full, would increase its ownership interest to 50.1 per cent, the company said in a statement.“Couche-Tard is excited to make this strategic investment in one of the fastest growing cannabis ‘pure-play’ retailers,” said Brian Hannasch, President and CEO of Couche-Tard.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Couche-Tard makes strategic cannabis move with investment in Fire & FlowerAlimentation Couche-Tard Inc. has agreed to make a strategic investment in Fire & Flower Holdings Corp. of Edmonton, which will use the funds to develop its Hifyre digital retail platform and expand its network of cannabis retail stores.
Source: CP24 - 🏆 30. / 67 Read more »

Couche-Tard makes strategic cannabis move with investment in Fire & FlowerThe deal gives the convenience store operator rights to 9.9 per cent of Fire & Flower’s equity, with the potential to increase its stake to 50.1 per cent in return for a total of about $380-million in growth capital globeinvestor Smart. They've already got the munchies covered.
Source: globeandmail - 🏆 5. / 92 Read more »