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Fire & Flower Holdings Corp FFLWF

Fire & Flower Holdings Corp. is a Canada-based technology-powered, adult-use cannabis retail company. The Company's principal business is the operation of a fully integrated cannabis consumer technology platform, supported by a fulfillment network of retail stores and delivery to cannabis consumers. The Company's segments include Retail, Wholesale and Logistics, and Digital Platform. The Retail segment sells cannabis products and accessories to the adult-use market in provinces where the sale of cannabis by private retailers is legal, and operates under retail banners Fire & Flower, Friendly Stranger, Happy Dayz, and Hotbox. The Wholesale and Logistics segment distributes and delivers cannabis products and accessories. The Digital Platform segment develops digital experiences and retail analytical insights. The Company owns and operates cannabis retail stores in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and the Yukon territory.


GREY:FFLWF - Post by User

Post by GoodLuck14on Mar 04, 2020 11:24am
187 Views
Post# 30765463

Successful Launch of Spark Fastlane Service

Successful Launch of Spark Fastlane Service

Hifyre Digital Cannabis Platform Announces Successful Launch of Spark Fastlane Service in Fire & Flower Ontario Stores

EDMONTONMarch 4, 2020 /CNW/ - Fire & Flower Holdings Corp. ("FFHC" or "Fire & Flower") and its wholly-owned subsidiary Hifyre Inc. ("Hifyre"), today announced the successful launch of the Spark Perks™ Fastlane™ "click-and-collect" service in Fire & Flower Ontario store locations in Ottawa and Kingston.

Spark Perks - Fastlane Launch in Ontario - (c) 2020 Fire & Flower Holdings Corp. (CNW Group/Fire & Flower Holdings Corp.)

Click-and-collect online cannabis ordering and pickup services recently became permissible as a result of a change in the Ontario regulations earlier this year.

Fastlane is a key benefit of the Spark Perks members program that has been operating across Fire & Flower store locations in the provinces of AlbertaSaskatchewanManitoba and the Yukon territory. The Spark Perks program provides Fire & Flower customers with a one-to-one personalized customer experience that the Company sees as a key differentiator and value proposition for its customers.

The Spark Perks program has more than 73,000 members nationally who receive access to the Fastlane "click-and-collect" service, exclusive benefits and member-only events. On average, Spark Perks members spend 44% more though Fastlane, purchase more frequently and spend approximately 300% more per year than non-members of the program.

"Hifyre's ability to rapidly launch the Fastlane click-and-collect service in Ontario demonstrates our Company's core focus as a technology-enabled, retail 2.0 company," shared Trevor Fencott, Chief Executive Officer of Fire & Flower. "The Fastlane service will allow customers in Ontario to reserve products online for pickup in store, which is especially important when new, high-demand products come on to the market."

The Spark Perks Fastlane service will also be available to other retailers through Hifyre's strategic agreement with Cova Software Solutions Inc., announced on January 27, 2020.

About Fire & Flower
Fire & Flower is a leading purpose-built, independent adult-use cannabis retailer poised to capture significant Canadian market share. The Company guides consumers through the complex world of cannabis through education-focused, best-in-class retailing while the HifyreTM digital platform and SparkTM program connect cannabis consumers with the latest cannabis products, and deliver cutting edge insights into evolving consumer behaviours. The Company's leadership team combines extensive experience in the cannabis industry with strong capabilities in retail operations.

Fire & Flower Holdings Corp. owns all issued and outstanding shares in Fire & Flower Inc., a licensed cannabis retailer that owns or has interest in cannabis retail store licences in the provinces of AlbertaSaskatchewanManitoba and Ontario and the Yukon territory.

Through its strategic investment with Alimentation Couche-Tard Inc. (ATD.A, ATD.B), the Company has set its sights on the global expansion as new cannabis markets emerge.

 


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