Inner Spirit Holdings Ltd. INSHF

RE:Interview conducted by: Bud Wayne, Editorial Executive CEO

[theorlando]

CEOCFO: I’m sensing there is a lot of growth potential for your company. How are the new open licensing systems in Ontario and Saskatchewan affecting your plans this year?

Mr. Bondar: This is the big gift for us this year as it enables us to further extend the growth of the Spiritleaf brand. We still have eight or nine locations to open in British Columbia and Alberta, which we will do. In Saskatchewan we anticipate we’ll be able to open a couple corporate stores. Saskatchewan is a great province for us to do business due to the way the province has structured its model where you can buy direct from the local licensed producers instead of a provincial intermediary. We hope to also open additional franchised stores in Saskatchewan as we already have one franchise location there as well as an e-commerce site serving the entire province. In Ontario, we have a Spiritleaf store in Kingston serving the community and have secured more than 20 additional locations. As we sit here today, we have pretty good visibility to 30 stores in the province that we should be able to open this year if the Ontario government is able to handle the volume and issue licenses in an efficient matter. The new growth opportunities in Ontario and Saskatchewan have our entire Spiritleaf team very excited for the coming year. Our rapid expansion in the past year, and the opportunities ahead of us, mean we can truly show our value to customers, franchise partners, strategic partners and investors in 2020 and beyond.