FAF:CC - Strategic Investment by Alimentation Couche-Tard
2024-03-27 17:08:02 ET
Trevor Fencott, Chief Executive Officer of Fire & Flower, announces a deal between Fire & Flower and Alimentation Couche-Tard Inc.
"This is absolutely transformative for us, it allows our global platform to grow and the growth capital to really max out in the existing markets." - Trevor Fencott
The agreement will allow Couch-Tard the potential to increase its stake to 50.1 per cent for a total of $380 million in invested capital.
Fire & Flower Holdings Corp., plans to use the funds to expand its network of cannabis retail stores and develop its Hifyre digital retail platform.
About Fire & Flower
Although cannabis has been consumed for ages, today’s science brings a much deeper understanding to the table.
Fire and Flower is proud to be on the forefront of this new era of legalized cannabis . The company offers expert leadership behind their brand. From the folks you see working in their shops, their team is serious about delivering an inclusive, trustworthy experience.
At Fire & Flower, they thoughtfully handpick each strain and accessory to maximize the consumer's experience. Their Cannistas share inspiring insights, easy-to-follow advice and as much or as little education as wanted.
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