Hemisphere stores profitable Hemisphere Cannabis Co.
On September 10, 2020, the Company opened the second location of its retail cannabis stores. The first two of the Hemisphere locations are generating positive store level profitability and the brand is optimistic about the other five locations ready to be opened. The next location is at the corner of King and Bathurst in the heart of “King West” Toronto, scheduled to open in the coming weeks, with a location in Ottawa to follow shortly thereafter. The company is continuing to build its pipeline of new stores in Ontario and has secured its first franchise agreement for a store to be opened in Alberta. The Company expects Hemisphere to grow quickly and to be a major contributor to the earnings of Aegis over the next few years.
“Hemisphere is quickly growing a loyal base of discerning cannabis users. Our focus on the guest experience in the store and their experience with the product once they leave, is of paramount importance to us. This attention to our guests’ needs and expectations is what sets us apart,” said Jenn Juby, VP of Retail at Hemisphere Cannabis Co.
Hemisphere is also collaborating with a cannabis partner to co-produce a branded line of cannabis products, which will be made available for sale in all Hemisphere locations.