/NOT FOR DISSEMINATION IN THE UNITED
STATES OR FOR DISTRIBUTION TO UNITED
STATES WIRE SERVICES/
EDMONTON, June 20, 2019 /CNW/ - Fire & Flower Holdings
Corp. and its wholly-owned subsidiary Fire & Flower Inc.
(collectively, "Fire & Flower" or the "Company") (TSXV: FAF),
today announced that it has received an additional licence from the
Alberta Gaming, Liquor and Cannabis Commission (the "AGLC") to open
its second licensed cannabis retail store in Calgary, Alberta.
The store will be located at 7108 MacLeod Trail, Calgary, Alberta and is the 19th
Fire & Flower branded, licenced store location in the Company's
retail network. This announcement follows Fire & Flower's
previous news release on May 31, 2019
announcing the Company' near-term store rollout schedule.
"Our team is excited to open a second licensed cannabis retail
store in the major market of Calgary and we look forward to welcoming
Calgarians into our new location," shared Trevor Fencott, Fire & Flower's Chief
Executive Officer. "Fire & Flower had built out this location
in anticipation of the issuance of additional cannabis retail
licences in the province of Alberta. Receiving our licence to operate this
store validates our strategy of building locations in advance and
creates a clear path to rapidly opening new markets."
It is anticipated that the second Calgary licensed store will open the week of
July 8. 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.