Hiku Brands Provides Update on Manitoba Retail Storefronts

Published: June 25, 2018

Hiku Brands Provides Update on Manitoba Retail Storefronts

Hiku Brands Company Ltd. has provided an update on the approach to retailing of cannabis in Manitoba. Hiku, and our retail storefront brand Tokyo Smoke, with participation by the founders of BOBHQ, a long time Manitoba retailer, was awarded one of only four conditional master licenses to operate stores in Manitoba in conjunction with an e-commerce portal.

Hiku is pleased to announce that it has been granted permission for ten stores by the Province of Manitoba. Four of the stores will be located in Winnipeg and one in Brandon, all of which will be opened under our award-winning cannabis retail brand Tokyo Smoke, winner of Cannabis Brand of the Year at the 2017 Canadian Cannabis Awards.

“We are very pleased to be continuing to build community through our branded Tokyo Smoke retail stores in the province,” said Alan Gertner, Chief Executive Officer of Hiku. “Customers in Manitoba will be able to visit our engaging retail storefronts in best in class retail hubs and shopping districts as we work to open our experiential, engaging environments over the coming months” he added. Further, Mr. Gertner noted “We are very thankful to the province and government of Manitoba for entrusting us with this important work, and excited to bring a first in class retail experience to Manitoba and the rest of Canada.”

Robert Ritchot of BOBHQ, Hiku’s Manitoba-based retail partner noted “After over two decades focused on providing a diverse range of ancillary cannabis products to many of the communities throughout the province we look very much forward to providing cannabis products in the same responsible, community conscious manner necessary to earn the respect and trust of those same communities.”

Consumers are becoming increasingly intentional with the choices they make, all with the purpose of living life on their terms. Similarly, cannabis consumption is changing from being one of availability to one that is more meaningful, matched to each individual consumer.

Hiku is actively working with various regulators, provincial and municipal governments in the Province of Manitoba to obtain the necessary permits for our proposed Tokyo Smoke stores and will ensure location specific permission prior to announcing our chosen locations.

This announcement is in addition to Hiku’s announcement on June 22, 2018 on the update for Alberta retail storefronts which detailed how Hiku has filed applications for more than a dozen storefronts in Calgary and are at the top of the list to be considered in each of those locations following Calgary’s first come, first serve approach to licensing. In addition to Calgary, Hiku has also filed applications in Edmonton for its random lottery process.

As previously announced, Hiku has also entered into a letter of intent with Oceanic Releaf Inc. (“Oceanic”), a late stage applicant under the ACMPR in Newfoundland & Labrador, pursuant to which Oceanic and Hiku are working with the government on the approval for Oceanic of up to 5 additional stores in that province.