KingBill wrote: Again Cash Crop. SP is still under 0.40 - It is really a steal. IMO
Inner Spirit to open store in Calgary Oct. 17
2018-10-16 17:03 ET - News ReleaseNNER SPIRIT HOLDINGS PROVIDES CORPORATE UPDATE ON EVE OF LEGALIZATION
Inner Spirit Holdings Ltd. has provided an update on its progress over the last 18 months in anticipation of opening its first Spiritleaf corporate and franchise recreational cannabis dispensaries in the coming weeks. The company also announces the opening of its flagship lifestyle store at 6008 Macleod Trail in Calgary on Oct. 17. At this location, customers will have the opportunity to experience the Spiritleaf brand, purchase accessories, and learn more about cannabis and Inner Spirit's initiatives, as it prepares to open its dispensaries.
"As we celebrate the end of prohibition, Inner Spirit is proud of the foundation our early work established: the infrastructure and partnerships we have put in place will help facilitate a prompt and smooth rollout of our retail locations. We continue to build our franchise relationships and construct new stores as we await final municipal and provincial approvals for the openings of our Spiritleaf locations."
Regional update: licences and stores
British Columbia -- Along with its franchise partners, the company has secured the maximum number of eight potential Spiritleaf locations in B.C., which are all conditional upon receiving the necessary municipal and provincial permits. The company and its franchise partners have started to submit their applications to the B.C. Liquor and Cannabis Regulation Branch and the respective municipalities in which it plans to operate with the first two applications referred to local government for approval.
Alberta -- Collectively, the company and its franchise partners have submitted applications to the Alberta Gaming and Liquor Commission and various municipalities to operate stores throughout Alberta, with approvals anticipated in the coming weeks. The company, along with its franchise partners, has received its first 21 conditional municipal development permits for stores to be located at the spots as shown in the attached table.
1136 -- 10th Ave. SW (Calgary) 10561 -- 109 St. (Edmonton) 715 2nd St. West (Brooks) 2550 Country Hills Blvd. (Calgary) 10903 -- 23rd Ave. (Edmonton) 6014 -- 48 Ave. (Camrose) 920 Centre St. North (Calgary) 10134 -- 82 Ave. (Edmonton) 305 1 St. West (Cochrane) 3814 Bow Trail SW (Calgary) 13756 -- 50 St. NW (Edmonton) 10119 -- 101 St. (Lac La Biche) 1704 -- 61 St. SE (Calgary) 9941 -- 63 Ave. NW (Edmonton) 1335 TransCanada Way (Medicine Hat) 329 5th St. South (Lethbridge) 13111 -- 156th St. (Edmonton) 10716 -- 82 Ave. (Grande Prairie) 3444 -- 99 St. NW (Edmonton) 150 Bellerose Dr. (St. Albert) 52 Brentwood Blvd. (Sherwood Park)
The company has secured an additional 23 locations in Banff, Beaumont, Calgary, Canmore, Cold Lake, Drayton Valley, Edmonton, Fort McMurray, Fort Saskatchewan, Lac La Biche, Red Deer, Spruce Grove and Sherwood Park, which remain conditional on municipal and provincial approval.
Saskatchewan -- Inner Spirit's franchise partner, 102037242 Saskatchewan Ltd., has been selected as a cannabis retailer for Moose Jaw, the province's fourth largest city. The franchise partners have completed their training, and with the nearing completion, Inner Spirit looks forward to sharing the Spiritleaf experience with the Moose Jaw community. To ensure individuals across the province can purchase from Spiritleaf on-line, the company has selected Shopify to provide a secure and reliable e-commerce solution for Saskatchewan customers.
Manitoba -- The company has prequalified for the next Manitoba lottery for cannabis retail licences to be granted by the Manitoba Growth, Enterprise and Trade, Procurement Services Branch. The company has committed to allocate at least 33 per cent of its franchises in Manitoba to indigenous entrepreneurs and has received a letter of support from Chief Keith Pashe of the Dakota Tipi First Nation. Inner Spirit believes that its franchise model presents economic development opportunities for all Manitobans, including indigenous entrepreneurs. In addition, Inner Spirit believes its approach aligns with the province's goal that, within two years of legalization, 90 per cent of Manitobans will be able to access legal cannabis within a 30-minute drive or less.
Ontario -- The company has opened its Ontario office and secured prime locations throughout the province to open its first wholly owned corporate cannabis stores when private recreational cannabis retail becomes legal on April 1, 2019. It has also granted its first 13 franchises and continues to perform its due diligence on the hundreds of franchise applications that it has received from prospective entrepreneurs who want to join the Spiritleaf team. The company is simultaneously exploring other strategic opportunities to maximize its footprint in the province.