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Fire & Flower Holdings Corp P.FLW


Primary Symbol: 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 16, 2020 10:34am
219 Views
Post# 30812326

Ontario Cannabis sales spike

Ontario Cannabis sales spike

Ontario Cannabis sales spike as people are told to self-isolate

Ontario cannabis sales spike amid COVID-19 concerns

Ontario is seeing record cannabis sales with online orders up 80 per cent this weekend, as people are being told to self-isolate amid COVID-19 concerns.

Ontario Cannabis Store says there has been “a marked increase” in online orders over the last three days, as well as a high demand for same day and next day delivery.

Some authorized retail stores also reported an increase, he said.

Online orders on Saturday were up 80 per cent over an average Saturday, with almost 3000 online orders, he said.

“At present, we have sufficient inventory to meet demand and we are in frequent communication with our licensed producer partners to understand their operational plans and capabilities and plan accordingly,” he said.

Meanwhile, the Ontario Lottery and Gaming Corporation said Sunday that all casinos in the province would temporarily close within 24 hours.

“The health and safety of casino customers and employees is a priority for OLG and its service providers,” the OLG said in a statement.

“This action is consistent with the recommendations of the province’s Chief Medical Officer of Health related to new precautionary measures for COVID-19.”

The LCBO and Beer Stores stores will remain open for now.

A spokeswoman for the LCBO said the situation is unchanged from Friday.

“LCBO stores remain open for business and we are proactively planning for increased demand,” the LCBO press office said.

 

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