RE:EXPANSION INTO SASKATCHEWANEDMONTON, AB--(Marketwired - November 24, 2016) - Liquor Stores N.A. Ltd. (the "Company" or "Liquor Stores") (LIQ.TO), North America's largest publicly traded liquor retailer, announces that the Company has been selected as a successful proponent to the Saskatchewan Liquor and Gaming Authority ("SLGA") request for proposal ("RFP") process for the opportunity to apply for a retail store permit to operate a liquor store in the City of Saskatoon, Saskatchewan.
The Company intends to open a retail liquor store under the "Liquor Depot" brand. The store location will feature a full selection of beer, wine and spirits.
"I am very excited and appreciative to the SLGA and Government of Saskatchewan for the opportunity to be able to bring the Liquor Depot brand to the City of Saskatoon. This is the perfect first market for us to enter in the Province of Saskatchewan, which we believe has significant potential for us in the long term," said Stephen Bebis, President and CEO, Liquor Stores.
Upon being notified as a successful proponent of the RFP process, the Company has commenced the next phase of the process which entails an application for a retail store permit. The application process is similar to the process undertaken in other jurisdictions therefore, the Company does not expect any issues with being awarded a retail store permit and anticipates an opening date for the Liquor Depot Saskatoon location to occur during the summer of 2017.