/NOT FOR DISSEMINATION IN THE UNITED
STATES OR FOR DISTRIBUTION TO UNITED
STATES WIRE SERVICES/
EDMONTON, June 3, 2019 /CNW/ - Fire & Flower
Holdings Corp. and its wholly-owned subsidiary Fire & Flower
Inc. (collectively, "Fire & Flower" or the "Company") (TSXV:
FAF), today announced it has received an additional licence from
the Alberta Gaming, Liquor and Cannabis Commission (the "AGLC") to
open a licensed cannabis retail store in Calgary, Alberta.
The announcement comes following the previous released news that
the AGLC has lifted the moratorium on new cannabis retail
licences.
"We are excited to open a licensed cannabis store in the major
market of Calgary. This location
will be open in advance of Calgary Stampede and is one of the
closest locations to Stampede Park. We are enthusiastic about the
anticipated performance of this major market location," shared
Trevor Fencott, Fire & Flower's
Chief Executive Officer. "This store has been built out in
anticipation of additional licenses and the ability to rapidly open
this store upon receipt of the licence validates Fire &
Flower's first-to-market strategy."
It is anticipated the first Calgary licensed store will open the week of
June 24 and will be located at 3916
MacLeod Trail, Calgary, Alberta.
The location has been open since January
2019 to showcase the Fire & Flower retail experience
including best-in-class cannabis education. Once cannabis products
have been received, the location will offer a full assortment of
cannabis products from licensed producers.
About Fire & Flower
Fire & Flower is a leading
purpose-built, independent adult-use cannabis retailer poised
to capture significant Canadian market share. The Company guides
consumers through the complex world of cannabis through
education-focused, best-in-class retailing that is centered around
its proprietary HiFyre digital platform. The Company's leadership
team combines extensive experience in the cannabis industry with
strong capabilities in retail operations.
Fire & Flower Holdings Corp. owns all issued and outstanding
shares in Fire & Flower Inc., a licenced cannabis retailer in
the provinces of Alberta and
Saskatchewan and is a consultant
and licensor to Fire & Flower-branded retail locations in
province of Ontario.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
This news release contains certain
forward-looking information within the meaning of applicable
Canadian securities laws ("forward-looking statements"). All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
"anticipate", "achieve", "could", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "outlook",
"expect", "project" and similar words, including negatives thereof,
suggesting future outcomes or that certain events or conditions
"may" or "will" occur. These statements are only
predictions.
Forward-looking statements are based on the opinions and
estimates of management of the Company at the date the statements
are made based on information then available to the Company.
Various factors and assumptions are applied in drawing conclusions
or making the forecasts or projections set out in forward-looking
statements. Forward-looking statements are subject to and
involve a number of known and unknown risks and uncertainties, many
of which are beyond the control of the Company, which may cause the
Company's actual performance and results to differ materially from
any projections of future performance or results expressed or
implied by such forward-looking statements. No assurance can be
given that the expectations reflected in forward-looking statements
will prove to be correct.
The Company assumes no obligation to publicly update or
revise forward-looking statements to reflect new information,
future events or otherwise, except as expressly required by
applicable law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Fire & Flower Holdings Corp.