/NOT FOR DISSEMINATION IN THE UNITED
STATES OR FOR DISTRIBUTION TO UNITED
STATES WIRE SERVICES/
EDMONTON, Aug. 8, 2019 /CNW/ - Fire & Flower Holdings
Corp. and its wholly-owned subsidiary Fire & Flower Inc.
(collectively, "Fire & Flower" or the "Company") (TSX: FAF),
today announced that it has received two additional cannabis retail
store licences from the Alberta Gaming, Liquor and Cannabis
Commission (the "AGLC").
The Company anticipates these stores to be open and selling
cannabis during the week of August 26
and will be located at:
- 9080 – 25 Avenue SW, Edmonton,
Alberta
- 252 – 91 Street SW, Edmonton,
Alberta
"The receipt of these two additional store licences
demonstrates Fire & Flower continuing to deliver upon its
projected store roll out schedule. Receiving these
licences and our ability to rapidly open retail stores is a clear
demonstration of Fire & Flower continuing to build upon its
leading position in Canadian cannabis retail," shared Trevor Fencott, Fire & Flower's Chief
Executive Officer. "We have heard from the South Edmonton community that they are eagerly
anticipating the Fire & Flower experience and we are looking
forward to welcoming them into our stores."
Fire & Flower will announce the opening dates and times of
both locations at its earliest opportunity on its website at
www.fireandflower.com/locations/.
Fire & Flower now owns or has interest in 28 cannabis retail
store licenses across the provinces of Alberta, Saskatchewan, Manitoba, Ontario and the Yukon territory, as previously disclosed in
the Company's Annual Information Form dated August 2, 2019.
The Company continues to focus on opening new retail stores
across Alberta, where the AGLC
continues to issue retail licences at a rapid rate, and in other
Canadian provinces where private retail is permitted.
About Fire & Flower
Fire & Flower is a leading
purpose-built, independent adult-use cannabis retailer poised to
capture significant Canadian market share. The Company guides
consumers through the complex world of cannabis through
education-focused, best-in-class retailing while the Hifyre digital
platform connects consumers with cannabis products. The Company's
leadership team combines extensive experience in the cannabis
industry with strong capabilities in retail operations.
Fire & Flower Holdings Corp. owns all issued and outstanding
shares in Fire & Flower Inc., a licensed cannabis retailer that
owns or has interest in cannabis retail store licences in the
provinces of Alberta, Saskatchewan, Manitoba, Ontario and the Yukon territory.
Through its strategic investment with Alimentation Couche-Tard
(ATD.A, ATD.B), the Company has set its sights on the global
expansion as new cannabis markets emerge.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
This news release contains certain
forward-looking information within the meaning of applicable
Canadian securities laws ("forward-looking statements"). All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
"anticipate", "achieve", "could", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "outlook",
"expect", "project" and similar words, including negatives thereof,
suggesting future outcomes or that certain events or conditions
"may" or "will" occur. These statements are only
predictions.
Forward-looking statements are based on the opinions and
estimates of management of the Company at the date the statements
are made based on information then available to the Company.
Various factors and assumptions are applied in drawing conclusions
or making the forecasts or projections set out in forward-looking
statements. Forward-looking statements are subject to and
involve a number of known and unknown risks and uncertainties, many
of which are beyond the control of the Company, which may cause the
Company's actual performance and results to differ materially from
any projections of future performance or results expressed or
implied by such forward-looking statements. No assurance can be
given that the expectations reflected in forward-looking statements
will prove to be correct.
The Company assumes no obligation to publicly update or
revise forward-looking statements to reflect new information,
future events or otherwise, except as expressly required by
applicable law.
SOURCE Fire & Flower Holdings Corp.
