Alimentation Couche-Tard announced Wednesday it is making a strategic investment in Edmonton-based cannabis retailer Fire & Flower.
Couche-Tard has agreed to buy a 9.9 per cent stake of Fire & Flower for about $26 million in debentures. It will also receive three series of share purchase warrants, which, if exercised in full, would increase its ownership interest to 50.1 per cent, the company said in a statement.“Couche-Tard is excited to make this strategic investment in one of the fastest growing cannabis ‘pure-play’ retailers,” said Brian Hannasch, President and CEO of Couche-Tard.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Couche-Tard makes strategic cannabis move with investment in Fire & FlowerAlimentation Couche-Tard Inc. has agreed to make a strategic investment in Fire & Flower Holdings Corp. of Edmonton, which will use the funds to develop its Hifyre digital retail platform and expand its network of cannabis retail stores.
Source: CP24 - 🏆 30. / 67 Read more »
Couche-Tard makes strategic cannabis move with investment in Fire & FlowerThe deal gives the convenience store operator rights to 9.9 per cent of Fire & Flower’s equity, with the potential to increase its stake to 50.1 per cent in return for a total of about $380-million in growth capital globeinvestor Smart. They've already got the munchies covered.
Source: globeandmail - 🏆 5. / 92 Read more »
Dozens feared trapped after fire breaks out in Mumbai buildingSixteen fire engines at the site were trying to douse the fire and had so far evacuated 25 people using hydraulic platforms in the city’s Bandra area, a fire officer said
Source: globeandmail - 🏆 5. / 92 Read more »
Scott Moe, CMHA under fire after Confederate flag displayed on charity auction carThe Saskatchewan division of the Canadian Mental Health Association is under fire after Premier Scott Moe shared a picture of a charity auction car painted with the Confederate flag. Who literally cares... We don't care about what the Americans portray as 'racist'. Go away It's a replica of the dukes of hazard car. Calm down
Source: CTVNews - 🏆 1. / 99 Read more »
Father who lost seven children in Halifax fire has no idea of tragedy, brother saysEbraheim Barho, who although gradually improving, is heavily sedated and ‘has no idea’ about the extent of the tragedy that struck the family of Syrian refugees on Feb. 19
Source: globeandmail - 🏆 5. / 92 Read more »