Inner Spirit Holdings Ltd. (CSE: ISH) (OTCMKTS:INSHF), which is building a national network of retail cannabis stores under its Spiritleaf brand, has received six additional licenses from the Alberta Gaming, Liquor and Cannabis for retail cannabis stores in the province.
The newly licensed locations include Spiritleaf retail cannabis stores in Beaumont, Calgary (Bow Trail), Calgary (Chinook), Edmonton (Ironstone), Grande Prairie and Medicine Hat, Alberta. All locations are franchised stores except for Calgary (Chinook), which is a flagship corporate location that also operates as Spiritleaf’s in-store training and development center.
“We are delighted to receive the licenses from the AGLC for six additional Spiritleaf retail cannabis stores. We are rapidly deploying our stores and delivering the Spiritleaf experience through our franchise partners and corporate locations in local communities throughout the country. Our ability to put our stores in place with knowledgeable staff and premium recreational cannabis products, and then to generate revenue right out of the box will help us generate success as we build out the Spiritleaf brand across Canada,” Inner Spirit President and CEO Darren Bondar stated.
In addition, Inner Spirit announced that its corporate-owned retail cannabis store in Jasper, Alberta, is expected to open on July 22. The store is located at 618 Patricia St.
Inner Spirit now has 19 Spiritleaf-branded locations open and operating or licensed and in final stages of opening in Alberta, Saskatchewan, British Columbia and Ontario.
Additional licenses for retail cannabis stores in British Columbia and Alberta are expected to be received in the near term. In Ontario, the company expects expression of interest applications to be submitted for Spiritleaf store locations in the August 20 lottery being conducted by the Alcohol and Gaming Commission of Ontario.
Ontario plans to add 50 retail cannabis stores in the province on top of the 25 stores already selected earlier this year.