Miami, Florida--(Newsfile Corp. - September 15, 2023) - AllStar Health Brands Inc. (OTC PINK: ALST) ("AllStar" or "the Company") Memorandum of Understanding (MOU) with Tyme Cannabis Co a significant step towards the expansion of the cannabis business throughout Ontario, Canada. Here are some key points to highlight based on the information provided:
The MOU is a Joint Venture Strategic Partnership between 2753727 ONTARIO INC. O/A Tyme Cannabis Co., and All-Star Brands Inc. (OTC PINK: ALST). Both Tyme Cannabis Co., and All-Star Brands Inc. (OTC PINK: ALST) intends to expand its retail presence in the Cannabis sector by adding 70+ new locations throughout Ontario, Canada. This expansion is subject to regulatory approval and will be carried out under Tyme's AGCO (Alcohol and Gaming Commission of Ontario) license.
Tyme Cannabis Co has an existing operation is based in Hamilton, Ontario in operation licensed by AGCO, and it serves as a foundation for the planned expansion. Peter Wanner, CEO/President, states, "By combining the knowledge, experience, and capabilities of both Tyme and AllStar, we think the outcome will be positive for all parties. In the future, the opening of more stores, offering more verities, will set us apart from other vendors in the cannabis space."
Tyme Cannabis Co., and All-Star Brands Inc. (OTC PINK: ALST) plans on obtaining necessary permits and licenses, funding, suitable locations, and developing a detailed expansion plan as they have tremendous confidence in the cannabis market's growth potential in this region. However, the exact number of new locations may vary depending on regulatory approvals, capital, and other factors and profits with be distributed 50/50 between Tyme Cannabis Co., and All-Star Brands Inc. (OTC PINK: ALST).
https://www.newsfilecorp.com/release/180714