Inner Spirit Holdings Announces 75th Spiritleaf Retail Cannabis Store Opening

Published: February 10, 2021

Inner Spirit Holdings Announces 75th Spiritleaf Retail Cannabis Store Opening

Inner Spirit Holdings Ltd., a Canadian company that has established a national network of Spiritleaf cannabis retail stores, today announced that its 75th Spiritleaf store in St. Catharines, Ontario is set to open this week. Spiritleaf operates the most cannabis stores under one single brand in Canada.

“We continue to build the Spiritleaf retail cannabis network with the opening of a new Ontario franchised store in Stratford earlier this month and a corporate store in St. Catharines now set to open this week as our 75th location. Our franchise partners and employees across the country are providing superb product knowledge and expertise to customers as we serve our local communities. The performance of Spiritleaf stores has remained strong even while operating in the midst of a challenging pandemic environment. We’re very pleased with the quality of franchise partners we are attracting and their ability to truly make the Spiritleaf brand come alive for our customers,” said Darren Bondar, President and CEO of Inner Spirit.

The Company’s store expansion program is expected to be active this month with additional franchised stores to open in Oshawa, Ontario and in Calgary as well as a corporate store located right outside the Edmonton International Airport. Please visit www.spiritleaf.ca for further information on store openings, locations and operating hours. Due to the ongoing pandemic and with various restrictions in certain provinces, Spiritleaf stores are operating with enhanced customer service processes to ensure the safety of employees and customers. Spiritleaf’s Select & Collect service enables customers to pre-shop and order online prior to pick-up in store or curbside or via delivery where permitted.

Customers continue to support the Spiritleaf brand and recently the Company surpassed 205,000 members for its fast-growing and popular Collective customer benefits program that streamlines and individualizes the shopping experience. For those interested in learning more about the country’s cannabis retail industry, CEO Darren Bondar will be presenting at the Canadian Cannabis Retailers virtual conference being held by Echelon Capital Markets on February 10. An updated version of Inner Spirit’s investor presentation has been added to the Company’s website and can be viewed at www.innerspiritholdings.com/invest/.

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