One of Alberta's up-and-coming cannabis brands is now
poised to influence four pillars of industry: cultivation,
processing, lifestyle and retail.
RED DEER, AB, Oct. 7, 2019 /CNW/ - CanadaBis Capital Inc.
("CanadaBis" or "the Company"), a vertically integrated Canadian
cannabis company focused on finding and capitalizing on growth and
diversification opportunities, is pleased to announce their latest
accomplishment: the grand opening of their first retail store in
Alberta. INDICAtive Collection,
located in Red Deer's Gasoline
Alley, opened its doors October
5th, 2019, and showcased a brand offering unique,
upscale products within a polished and professional atmosphere.
This flagship store, the first of several proposed for strategic
locations across Alberta, is
advantageously located next door to a cannabis head shop and
lifestyle products store; uniquely positioned to offer a convenient
one-stop cannabis shopping experience to both local and visiting
cannabis enthusiasts. The successful opening represents another
example of the Company's ability to capitalize on strategic
growth.
"The momentum we've seen over the past few months has positioned
our company for the type of growth and influence we've always
envisioned," says Travis McIntyre,
CEO of CanadaBis. "We are very excited to have our first retail
location open just a short drive down the road from Stigma Grow,
our 66,000-square-foot craft cannabis cultivation facility, and
look forward to the chance to continue to serve the emerging
cannabis industry via our four business pillars: cultivation,
processing, lifestyle and retail."
As of the date of this release, Red
Deer currently plays host city to five existing retail
locations. However, with INDICAtive Collection's prime location in
the heavy trafficked area of Gasoline Alley, and their company-wide
commitment to Alberta-style hospitality, Mr. McIntyre believes
INDICAtive Collection will quickly stand out from the crowd. And if
the first weekend was indication of what's to come, INDICAtive
Collection is well-positioned for success.
"We've spent the last year and a half evaluating opportunities
to enter the retail market and believe there is still significant
opportunity to operate stores that are aware of, and willing to
address, the common complaints and shortcomings that plague our
existing cannabis retail providers. When it comes to quality and
in-demand inventory, we believe our offering will be truly
indicative of the evolving times, tastes and laws that guide our
customers' need for a store that "gets" them, and caters to what
they value."
In addition to providing Albertans with the service and
convenience they seek, CanadaBis looks forward to the opportunity
to continue to work with as many Alberta-based companies as possible as they
remain Alberta owned and operated,
and see value in staying true to that brand position.
With INDICAtive Collection open for business, the next milestone
for CanadaBis' team of outstanding cannabis professionals will be
accepting their newly amended LP sales license, and beginning to
sell dry flower, cannabis oils and concentrates to the AGLC as
early as December 2019.
About CanadaBis Capital Inc.
CanadaBis Capital Inc. (TSXV:CANB) is a vertically integrated
Canadian cannabis company focused on achieving large-scale growth
in the fast-emerging global cannabis market. By targeting organic
growth opportunities alongside the right-fit partners, we remain
focused on finding and capitalizing on chances to grow, diversify
and continue to lead our industry.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION: This news release includes certain
"forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements include, but are not
limited to, statements with respect to our business and operations
including development and expansion plans; intention to develop
property in British Columbia;
increasing our product lines to include CBD distillates; and our
general business plans. Forward-looking statements are necessarily
based upon a number of assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause actual results and future events
to differ materially from those expressed or implied by such
forward-looking statements. Such factors include, but are not
limited to: compliance with extensive government regulation, the
general business, economic, competitive, political and social
uncertainties; successful negotiation of necessary agreements to
get our product to market; requirement for further capital, delay
or failure to receive board, shareholder or regulatory approvals;
the results of operations and such other matters as set out in the
Filing Statement available on SEDAR at www.sedar.com. There can be
no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements. Investors are cautioned that
forward-looking information is not based on historical facts but
instead reflects management's expectations, estimates or
projections concerning future results or events based on the
opinions, assumptions and estimates of management considered
reasonable at the date the statements are made. Although we believe
that the expectations reflected in such forward-looking information
are reasonable, such information involves risks and uncertainties,
and undue reliance should not be placed on such information, as
unknown or unpredictable factors could have a material adverse
effect on our future results, performance or achievements.
Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward-looking
information prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated,
believed, estimated or expected. Although the Company has attempted
to identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that
cause results not to be as anticipated, estimated or intended.
CanadaBis Capital does not intend, and does not assume any
obligation, to update this forward-looking information except as
otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE CanadaBis Capital Inc.