Inner Spirit Holdings Leads Canada's Cannabis Industry with 37 Spiritleaf Stores Now Open

Published: November 6, 2019

Inner Spirit Holdings Leads Canada's Cannabis Industry with 37 Spiritleaf Stores Now Open

Inner Spirit Holdings Ltd., a Canadian company establishing a national network of retail cannabis stores under its Spiritleaf brand, today announced the openings of new franchised retail cannabis stores in Edmonton (Clareview Crossing) and Sexsmith, Alberta and also that it has received a cannabis retail store licence from Alberta Gaming, Liquor and Cannabis (the “AGLC“) for a franchised location in Cochrane, Alberta. Please visit www.spiritleaf.ca for more information, including opening dates and operating hours.

“Our Spiritleaf brand is now leading Canada’s cannabis industry with the most retail stores in the country. We’re very pleased to have 37 Spiritleaf stores serving their communities with a premium recreational cannabis shopping experience supported by our knowledgeable and talented staff,” said Darren Bondar, President and CEO of Inner Spirit, “We are continuing to build our presence in Edmonton with the Clareview Crossing location and to add to our presence in northern Alberta with a store in Sexsmith. We’re experiencing significant operating success as we further build out the industry-leading Spiritleaf network.”

The Spiritleaf retail cannabis store network includes franchised and corporate-owned locations in AlbertaBritish ColumbiaSaskatchewan and Ontario. In Alberta alone, the Company has 31 stores open with the Cochrane location now fully licensed and expected to open next week. Applications for the remaining 10 stores needed to achieve the AGLC’s stated maximum of 42 locations have been submitted to the AGLC, with the locations all currently in final development stages.

On November 8, 2019, Bondar will be appearing on the Midas Letter show to update investors on Spiritleaf’s growth strategy with the interview being made available at www.midasletter.com. Also on November 8, the 2019 Canadian Cannabis Awards are being held in Toronto, Ontario to celebrate the people, companies and products driving the Canadian cannabis industry forward. Inner Spirit has been nominated for two major awards with Bondar nominated for Entrepreneur of the Year and Mona Pinette, a Manager at Spiritleaf Calgary (Chinook), nominated for Budtender of the Year.