Alberta Cannabis Shop Count Surges Previous 250 Mark

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The quantity of cannabis shops in Alberta surged previous the 250 mark this week following the provincial government’s selection to lift a moratorium on new retail licences.

Canada legalized recreational cannabis sales on Oct. 17, 2018, and Alberta Gaming, Liquor and Cannabis predicted the province would have 250 shops inside a year. It ordered sufficient marijuana to provide that lots of outlets, but it only received a fifth of the cannabis it requested.

As soon as the quantity of cannabis shops reached 100, it had to impose a ban on issuing new retail licences due to this chronic provide shortage. Having said that, by Could 2019 it has secured contracts with 26 licensed producers across Canada and it felt confident sufficient to lift the moratorium.

Because then it has been incredibly busy issuing new retail licences and a number of businesses are constructing up powerful footprints in the province.

YSS Corp. (TSXV: YSS), a portfolio corporation of Canopy Rivers Inc. (TSXV: RIV), has now received its 12th retail license for the province. It plans to have all 12 shops up and operating just before the finish of Q3 2019. The newest addition to its empire is in northwest Edmonton, though it has a quantity of shops in Calgary.

Edmonton-primarily based Fire &amp Flower (TSX: FAF) announced now that it has also secured two new retail licences for its house city. “We have heard from the South Edmonton community that they are eagerly anticipating the Fire &amp Flower practical experience and we are hunting forward to welcoming them into our shops,” stated chief executive Trevor Fencott.

That requires Fire &amp Flower’s estate to 28 shops across the nation.

National Access Cannabis Corp. (TSXV: META), which bills itself as the biggest cannabis retailer in Canada, has grown its empire to 35 shops right after gaining an more licence for a web site in Medicine Hat, Alberta, now. It has received 10 new licences in the province because the moratorium was lifted.

Vancouver-primarily based operator Choom (CSE: CHOO) has also gained a licence for the location, it revealed now. Calgary retail group Higher Tide (CSE: HITI) also issued a press release now announcing that it will make Lloydminster the place for its 12th shop in Alberta. It expects to have 24 web pages in operation across Canada by the finish of the month.

Lastly, Westleaf Inc. (TSXV: WL) has been granted a licence to open its initial Prairie Records branded cannabis shop in Calgary. “We think our celebrated Prairie Records idea, with its exclusive experiential music tie-in, will be a winner with consumers in Alberta as it has been in Saskatchewan,” stated chief industrial officer Adam Coates.

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