Business
Canada Prepares for 420: Canadian Cannabis Companies Open Their Doors for April
Canada Prepares for 420: Canadian Cannabis Companies Open Their Doors for April.
About this update from Choom Hldgs Inc.
[{"type":"text","content":"\nPOINT ROBERTS, Wash. and DELTA, British Columbia, April 03, 2019 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases the first of a two part series focusing on the Canadian cannabis landscape as companies prepare to have stores open and products available for April 20th (aka 420); the preeminent cannabis celebration.\n Recreational cannabis may have been legalized in Canada on October 17th, 2018 but there is still much to be desired with regards to infrastructure and retail availability. That is thankfully about to change because many companies throughout Canada are now in the final phases of retail and product development, and most are using the month of April for a promotional launch platform as many Canadian’s gear up for 420. Westleaf Inc. (TSX-V: WL) (OTCQB: WSLFF), set to become one of Western Canada’s largest premium cannabis retailers, is looking to make the most of April. They announced plans to open two Prairie Records stores in Saskatoon by April 20, in celebration of the day that was synonymous with cannabis legalization activities. Under a license agreement, the two stores are being built out under the Prairie Records brand by the current license holders. Prairie Records currently has a store operating in Warman, Saskatchewan, approximately 20 minutes from Saskatoon. \"Saskatoon and all of Saskatchewan is proving to be one of the strongest cannabis retail markets in Canada as the sector continues to evolve and mature,\" says Scott Hurd, President and CEO of Westleaf. \"We have the opportunity to deal directly with licensed producers in stocking our shelves, we are able to sell online across the province through our e-commerce platform, and the ratio of stores to market size make Saskatoon an ideal location to operate cannabis retail.\" The two stores, both in premium locations are planned to open in time to celebrate April 20th, the day associated with the push to legalize cannabis. \"While Prairie Records creates a unique and totally different cannabis retail experience, we do want to recognize the day that activists used to bring attention to the injustice of the illegalization of cannabis for many years,\" noted Adam Coates, Chief Commercial Officer at Westleaf. \"We are planning some exciting events around the opening of these stores, b...