- Wildflower
Brands is expanding its presence in British Columbia and across Canada
following its acquisition of Vancouver-based City Cannabis Corp., which
recently announced two more store openings
- The
company has hundreds of U.S. outlets for its cannabidiol product line,
with a focus on the burgeoning cannabis markets in Washington and California
and expectations for European expansion
- Wildflower’s
entry into British Columbia gives it access to a region with a reputation
as the most cultured cannabis market in the world, where summer tourism
swells the population and the average annual household income of many
residents exceeds $86,000
Cannabis-based wellness company Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) continues
scaling up its brand visibility following the opening of two new premier
cannabis locations in British Columbia under its subsidiary, City Cannabis
Corp.
City Cannabis has a history of profitably operating
dispensaries in Vancouver since the city began licensing cannabis retailers.
Vancouver enjoys a reputation as the most cultured cannabis market in the
world, and City Cannabis has defined its mission as providing relief to crowds
oppressed by the fast pace of city life, using cannabis products both for
medicinal and recreational purposes to that end.
Wildflower executed an agreement in May that provided for
its purchase of all of City Cannabis’ issued and outstanding shares (http://ibn.fm/l0Kmr).
“City Cannabis is no doubt the fastest growing multiple
location cannabis retailer in British Columbia,” Wildflower CEO William MacLean
stated at the time. “The team has demonstrated their ability to find the best
locations, but more importantly, the knowledge and ability to work with
regulators at all levels has meant success in licencing that is unmatched.”
The acquisition expanded Wildflower’s market presence into
Canada. The company has been building its portfolio with about 100 stores
scattered throughout the United States and an extensive sales network through
retailer Dillard’s, focused primarily on Washington and California, which is
currently the world’s largest cannabis market.
The company is also expecting to enter Europe through an
arrangement with pharmaceutical distributor Two Towers.
The two newest City Cannabis stores are on Cambie Street in
Vancouver’s central district and in the upscale coastal environs of Vancouver
Island’s Comox (http://ibn.fm/GKc35).
The locations provide the company with tremendous accessibility in the region –
the Comox location is located in the heart of a summer tourism destination
whose permanent population has an average household income of $86,328, and the
Cambie Street location is two blocks from one of the busiest intersections of
the city, linked to other areas by two Skytrain rapid public transit lines,
nestled amid a retail center that includes numerous big-box stores and the
medical community surrounding the general hospital.
The stores feature an all-natural look and feel with a state-of-the-art
interactive experience, reflecting Vancouver’s sense of place by blending an
urban approach to business with a recognition of the lush coastal rainforests
and mountains that are a signature part of the area’s atmosphere and using
natural greenery and lighting as well as custom-made furniture relying on
materials from the Pacific Northwest.
City Cannabis is the only cannabis company with four
licenses in British Columbia, and its three Vancouver city licenses are nearly
half of the eight that have been issued, showing the strength of the company’s
historical foundation in the region. City Cannabis is passionate about
providing education on the plant’s use and holistic qualities as the sweeping
tide of new legislation has created a reawakening surrounding cannabis values,
as well as a general interest in the planet’s sustainability as part of the
culture that has grown up around cannabis use in recent years.
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
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Editor@QualityStocks.com
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