Indigenous-led Investment Group Partners with Peguis First Nation to Bring Legal Cannabis to Indigenous Communities

Published: June 19, 2019

Bridging Finance Inc., one of North America’s leading infrastructure firms for First Nations and Inuit, is working with Peguis First Nation to bring safe Cannabis retail options to First Nation communities. The two organizations have engaged POPCANN to ensure that the sale of Cannabis is done in a secure manner that protects First Nation youth and eliminates black market product.

“Cannabis was legalized across Canada close to a year ago, but access to safe, legal product through retail has until now been limited to major urban centres, leaving rural communities at a disadvantage,” said David Sharpe, CEO of Bridging Finance Inc. “We’ve worked closely with Chief Hudson to ensure we’re doing something for the good of First Nation communities, and POPCANN is a great partner to help facilitate this endeavor.” To date, Bridging has allocated over $300 million to finance renewable energy, housing, grocery stores and fisheries to Indigenous communities.

The partnership aims to provide safe, controlled Cannabis retail stores that are compliant with both community and regionally imposed regulations, while at the same time providing elected Chief and Bands control over the sale of Cannabis within their communities. The collaboration will also enable the three entities to work with various levels of government to establish dialogue and collaboration with regulators concerning cannabis related activities and policies within indigenous communities.

“First Nation communities do not have the same commercial and retail infrastructure that are ubiquitous in larger cities, adding an additional challenge,” said Chief Hudson, elected Chief of Peguis First Nation. “POPCANN’s prefabricated Cannabis retail stores offer a turnkey solution that means fast and secure access to safe quality Cannabis in our communities and the eradication of black market product.”

The first stores are expected to be operational by fall, 2019.