Inner Spirit Holdings Announces Seven New Licences for Spiritleaf Retail Cannabis Stores in Alberta

Published: August 1, 2019

Inner Spirit Holdings Announces Seven New Licences for Spiritleaf Retail Cannabis Stores in Alberta

Inner Spirit Holdings Ltd., a Canadian company establishing a national network of retail cannabis stores under its Spiritleaf brand, announced that Spiritleaf retail cannabis stores have received seven additional licences from Alberta Gaming, Liquor and Cannabis (the “AGLC“). The Company also announced that 14 Spiritleaf retail cannabis stores are anticipated to open in the Province in August.

The newly licensed locations in Alberta include franchised Spiritleaf retail cannabis stores in Calgary (Fairview), Edmonton (Heritage Links), Lac La Biche and Sherwood Park and corporate-owned stores in Calgary (Mission), Canmoreand Edmonton (Parsons Place).

“We are excited to receive the additional licences from the AGLC to continue to expand the footprint of our Spiritleaf retail cannabis stores in Alberta,” said Darren Bondar, President and CEO of Inner Spirit. “We continue to roll out our stores to deliver the Spiritleaf experience through our franchise partners and corporate locations to local communities. Our ability to build out our stores, hire quality staff and market top-quality recreational cannabis products is our blueprint for growing the Spiritleaf brand across Canada.”

Fourteen Spiritleaf retail cannabis stores are anticipated to open in Alberta in August. Please visit www.spiritleaf.ca for more information, including specific opening times and operating hours for these locations.

  • Beaumont – 5008 50 Street
  • Calgary (Bow Trail) – 3814 Bow Trail SW
  • Calgary (Chinook) – 120, 6008 Macleod Trail SW
  • Calgary (Fairview) – 7220B Fairmount Drive SE
  • Calgary (Mission) – Unit 2, 506 17 Avenue SW
  • Canmore – 117, 302 Old Canmore Road
  • Edmonton (Heritage Links) – 103, 10903 23 Avenue
  • Edmonton (Ironstone Centre) – 13111 156 Street NW
  • Edmonton (Parsons Place) – 3444 99 Street NW
  • Grande Prairie – 10716 82 Avenue
  • Jasper – 102-618 Patricia Street
  • Lac La Biche – 10119 101 Street
  • Medicine Hat – 1, 1335 Trans Canada Way SE
  • Sherwood Park – 7, 52 Brentwood Boulevard

The Company is poised to be the second largest cannabis store retailer in Alberta with 22 Spiritleaf-branded locations currently operating or licensed and set to open. In British Columbia, Spiritleaf has retail cannabis stores open and operating in Castlegar and Vernon with additional licences for retail cannabis stores expected in the near term for KelownaMaple RidgePenticton and West Kelowna. In Ontario, the Company’s partner operates a Spiritleaf licensed store in Kingston, and Spiritleaf franchise partners plan to submit expression of interest applications for additional store locations in the August 20 lottery being conducted by the Alcohol and Gaming Commission of Ontario (the “AGCO“). Ontario plans to add 50 retail cannabis stores in the province on top of the 25 stores already selected earlier this year.

“We’re very pleased with our growing position in the markets across Canada which are open to retail recreational cannabis stores. In Alberta we are set to be the second largest retailer with a mix of franchised and corporate-owned stores. In British Columbia we are well on our way to reaching the maximum number of eight locations. In Ontario we see an opportunity to expand our national scope and support the Ontario government’s push to have local ownership of retail cannabis stores with our Spiritleaf franchise partners planning to submit a number of applications in the upcoming lottery,” said Bondar.

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