Couche-Tard makes strategic investment 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.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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.
출처: CP24 - 🏆 30. / 67 더 많은 것을 읽으십시오 »

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.
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »