Inner Spirit Holdings Ltd., a Canadian company that has established a national network of Spiritleaf cannabis retail stores, today announced its 79th and 80th Spiritleaf stores are expected to open next week in Saskatoon, Saskatchewan and London, Ontario. Spiritleaf already operates the most cannabis stores under one single brand in Canada and will be the first retailer to achieve the 80-store milestone.
The corporate store in the Canarama Shopping Centre in downtown Saskatoon adds to the existing Moose Jaw franchise store in the province. The corporate store in London is the second Spiritleaf location in the city and the 23rd in the province of Ontario. The Company’s store expansion program has been active throughout the country with 10 stores opened already this year and recent additions in Oshawa (Taunton Centre), Ontario and in Edmonton (Airpoint) and Calgary (Millrise), Alberta.
“I’m so pleased for Spiritleaf to put down additional roots in Saskatchewan and Ontario. We’ve had success with our Moose Jaw store and the e-commerce site that serves residents across the province. We expect to be adding two more corporate stores in Saskatoon this year to complement the Canarama location. The London store located in the Southdale area adds to our franchised location in Masonville in the city’s north. We look forward to providing superb product knowledge and a premium shopping experience to our guests as we serve additional new communities with the Spiritleaf experience,” said Darren Bondar, President and CEO of Inner Spirit.
Additionally, the Company’s previously announced $10 million bought deal offering (the “Offering“) is scheduled to close the week of March 22, 2021, subject to Inner Spirit meeting certain conditions and receiving all necessary approvals.
Spiritleaf stores across the country have been operating with enhanced customer service processes to ensure the safety of employees and customers due to the ongoing COVID-19 pandemic. 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. The fast-growing and popular Spiritleaf Collective customer benefits program, which recently surpassed 225,000 members, streamlines and individualizes the shopping experience for guests. Please visit www.spiritleaf.ca for information on store openings, locations and operating hours.
Inner Spirit Holdings Ltd. is a franchisor and operator of Spiritleaf recreational cannabis stores across Canada. Learn more at www.innerspiritholdings.com and www.spiritleaf.ca.
