Cannabis is picking up in Calgary, as independent Canadian licensed cannabis retailer
Fire & Flower Inc. (TSX:V.FAF, Forum) announced earlier this week that it has received an additional licence from the Alberta Gaming, Liquor and Cannabis Commission to open a licensed cannabis retail store in the city. The store is expected to open the week of June 24
th, 2019.
For more on this new store,
click here.
Fire & Flower made news
on Tuesdaythat it has entered into a “bought deal” private placement with
Eight Capital and
GMP Securities LP for gross proceeds of $15 million. In addition to putting the net proceeds toward general corporate purposes, the Company also intends to use these funds to grow its proprietary Hifyre digital platform.
FULL DISCLOSURE: Fire & Flower is a client of Stockhouse Publishing.