Supreme Cannabis Company Inc. (The) T.FIRE

BNN and ONTARIO

[jfogarty12]

From coffee shop to pot shop: Second Cup's transition to cannabis underway

Second Cup's transition from coffee to cannabis is finally underway, with the parent company opening the doors to its first licensed pot store. Aegis Brands cut the ribbon to its Hemisphere Cannabis brand in Toronto on Friday, with plans to open another six stores in Ontario in the coming months. Aegis Brands CEO Steven Pelton told BNN Bloomberg in an interview that the company has identified up to 50 Second Cup locations in Ontario that could be converted to pot shops. He added that the company also has plans to do similar conversions across the country, with the exception of Alberta. Pelton said Second Cup's expertise in the retail space will help save costs that come with opening cannabis stores, adding that Aegis plans to operate consumption lounges if or when they become legal.