Canopy Growth, through a subsidiary company, has obtained a Health Canada cultivation licence to grow cannabis in Newfoundland and Labrador. — Saltwire Network Photo — Canada's Canopy Growth Corp said on Tuesday it would divest its retail business across Canada, as the pot producer doubles down on its efforts to turn profitable.
Licensee partner OEG Retail Cannabis will buy 23 Tokyo Smoke and Tweed stores across Manitoba, Saskatchewan, and Newfoundland and Labrador, while cannabis retailer 420 Investments Ltd will purchase five corporate stores in Alberta, the company said.The master license deal between Canopy and Alimentation Couche-Tard Inc related to the use of the Tweed brand for brick-and-mortar retail stores operating in Ontario has also been terminated.
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