TORONTO, Jan. 16, 2020 /CNW/ - 48North Cannabis Corp.
("48North" or the "Company") (TSXV: NRTH) is pleased to announce
that Friendly Stranger Holdings Corp. ("Friendly Stranger") has
granted trademark licenses for the use of its trusted and
recognized brand to six Ontario
retail license holders. Friendly Stranger branded retail locations
will open their doors in early 2020.
In August 2019, 48North announced
that it made a strategic investment of $1.25
million in Friendly Stranger. The investment was intended to
facilitate Friendly Stranger's aggressive expansion plans and
specific intention to enter the legal retail cannabis market.
As Canada's most iconic cannabis culture shop, widely
revered for its friendly and knowledgeable service, this
announcement reconfirms 48North's belief that Friendly Stranger is
well-positioned to succeed in the retail cannabis market.
In addition to the strategic investment, Friendly Stranger and
48North entered into a preferred partnership initiative that
guarantees 48North a presence in all existing and future Friendly
Stranger retail locations, a commitment to stock 48North products
without listing fees, co-branding opportunities, and a number of
other strategic collaborative initiatives.
"48North is pleased to see that Friendly Stranger is
successfully delivering on its aggressive growth strategy by
opening six retail locations across the Greater Toronto and Hamilton Area by early 2020. Friendly
Stranger's commitment to always offering a best-in-class cannabis
retail experience will ultimately result in successful, consumer
friendly dispensaries. I look forward to consumers purchasing
48North products at a future Friendly Stranger location," said
Alison Gordon, CEO of 48North.
The following locations will open their doors in early 2020:
- 501 Church Street, Toronto
- 1135 Richmond Street, London
- 1025 Plains Road East, Burlington
- 204 Ritson Road, Oshawa
- 237 Queen Street West,
Toronto
- 101 Osler Drive, Dundas
ABOUT 48NORTH
48North Cannabis Corp. (TSXV: NRTH) is a vertically
integrated cannabis company focused on the health and wellness
market through cultivation and extraction, as well as the creation
of innovative, authentic brands for next-generation cannabis
products. 48North is developing formulations and manufacturing
capabilities for its own proprietary products, as well as
positioning itself to contract manufacture similar products for
third parties. 48North operates Good:Farm, a 100-acre organic
cannabis farm which produces organic, sun-grown cannabis, securing
a significant first-mover advantage in the production of low-cost,
next-generation, extract-based cannabis products. In addition,
48North operates two indoor-licensed cannabis production sites
in Ontario. 48North cultivates unique genetics at its wholly
owned subsidiary, DelShen Therapeutics Corp. ("DelShen") and
processes cannabis and manufactures next-generation cannabis
products at Good & Green Corp. ("Good & Green"), both
Licensed Producers under the Cannabis Act. 48North has a growing
portfolio of brands that include Latitude, a women's cannabis
platform (explorelatitude.com); Mother & Clone, a rapid-acting
sublingual cannabis nanospray (momandclone.com); Avitas, a
single-strain vaporizer cartridge (avitasgrown.com); Quill, a
leader in the manufacturing of beautifully designed,
lifestyle-focused and sleek vape products (quill.me) and Sackville
& Co, a leading U.S.-based cannabis brand focused on
design-forward cannabis accessories and CBD products
(sackvilleandco.com).
ABOUT FRIENDLY STRANGER HOLDINGS CORP.
A long-standing retail champion of cannabis culture, Friendly
Stranger Holdings Corp ("FSHC") is dedicated to ongoing long-term
contribution within the Canadian cannabis market through the launch
of numerous retail locations across the country. With strategic
investments, such as acquiring the iconic cannabis culture stores
Happy Dayz, FSHC continues to evolve and execute their ongoing
growth strategy.
www.friendlystranger.com www.happy-dayz.ca Instagram:
@the_friendly_stranger @happy.dayz420 Twitter: @friendlystrnger
@happy__dayz Facebook: Friendlystranger.ca Happy.dayz.ca
DISCLAIMER & READER ADVISORY
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accept
responsibility for the adequacy or accuracy of this release.
Certain statements contained in this press release constitute
forward-looking information. These statements relate to future
events or future performance. The use of any of the words "could,"
"intend," "expect," "believe," "will," "projected," "estimated" and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on the parties' current beliefs or
assumptions as to the outcome and timing of such future events.
Actual future results may differ materially. Please refer to the
Company's SEDAR filings for further details concerning the risks
associated with the Company's business. The forward-looking
information contained in this release is made as of the date hereof
and the parties are not obligated to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained
herein.
SOURCE 48North Cannabis Corp.