- Wildflower
Brands’ announcement of plans to acquire City Cannabis Corp. represents
the latest step in Wildflower’s international expansion
- City
Cannabis is only the company with multiple licenses in British Columbia,
and the only BC-based retailer to go public
- The
proposed acquisition represents a major opportunity to gain exposure to
the Canadian consumer market, as City Cannabis anticipates operating
stores across Canada
The recently announced LOI (http://ibn.fm/oq9Gy) for the
acquisition of Vancouver-based licensed cannabis retailer City Cannabis Corp.
by wellness brand builder Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) is a
major step for Wildflower. The move points to the potential of a Canada-wide
retail presence with City’s own plans for retail expansion. Vancouver news
outlet BIV noted that City Cannabis — termed Vancouver’s
“first legal cannabis boutique” — expects to eventually operate 20 to 30 stores
across the country (http://ibn.fm/9HQWj).
Wildflower already sells various CBD products throughout the U.S., and this
latest announcement is seen as one part of Wildflower’s ongoing strategy to
build itself as an international player in the global cannabis market.
City Cannabis is a cannabis retailer holding two of the
three City of Vancouver licenses to sell cannabis, and it is the only company
with multiple licenses in the Province of British Columbia. It is also expected
to be the only BC-based cannabis retailer to go public. In addition, the
company currently has multiple cannabis retail license applications submitted
in the provinces of British Columbia and Alberta.
In a news release, William MacLean, Wildflower’s CEO,
commented, “City Cannabis and Wildflower are the perfect combination of premier
products and a premier consumer retail experience. City Cannabis’ retail
consumer data and insight will help shape development of Wildflower’s product
line-up while the retail expertise of City Cannabis will aid Wildflower in its
retail expansion.”
Krystian Wetulani, City Cannabis’ CEO, added, “Wildflower
has a tremendous team that has developed several prominent cannabis brands and
we are excited to join with them to bring their branding and marketing
expertise to City Cannabis as we expand into the Canadian regulated market.”
For more information, visit the company’s website at www.WildflowerBrands.co
NOTE TO INVESTORS: The latest news and updates
relating to WLDFF are available in the company’s newsroom at http://ibn.fm/WLDFF
About QualityStocks
QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential. We offer several ways for investors to learn more
about investing in these companies as well as find and evaluate them.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment