Fire & Flower Acquires Cannabis Retail Store in Saskatchewan

Fire & Flower
Credit: Fire & Flower

Fire & Flower Holdings (TSX: FAF) announced that its Fire & Flower subsidiary has closed the acquisition of a licensed retail cannabis operator in Saskatchewan from Mera Cannabis.

Story continues below

FAF has acquired all of the shares of the licensed retail cannabis operator in Regina and has re-opened a store at 680 E Victoria Avenue in Regina. Mera Cannabis has received $1.50 million in cash and 2,268,191 common shares of Fire & Flower as part of the deal.

Saskatchewan is a key market for Fire & Flower, according to Trevor Fencott, the CEO of the company.

“Saskatchewan continues to be a key market for Fire & Flower because of our ability to buy directly and efficiently from licensed producers through our wholesale business, Open Fields Distribution. This province provides a test market for cannabis products through the HifyreTM digital cannabis retail and analytics platform,” Fencott stated.

Fire & Flower is an adult-use cannabis retailer in Canada. The company is focused on education-focused retailing and connects consumers with cannabis products through the HifyreTM digital platform. It is a licensed cannabis retailer that owns or has interests in cannabis retail store licenses in the provinces of Alberta, Saskatchewan, Manitoba and Ontario, and the Yukon territory.

An ad to help with our costs