Business
Westleaf Announces Exercise of Second Option to Purchase Cannabis Store in Saskatoon located on Preston Ave.
Westleaf Announces Exercise of Second Option to Purchase Cannabis Store in Saskatoon locat...
About this update from Decibel Cannabis Company Inc
[{"type":"text","content":"\n\n\n\nWestleaf Announces Exercise of Second Option to Purchase Cannabis Store in Saskatoon located on Preston Ave.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, April 18, 2019\n\n\n\nCALGARY, April 18, 2019 /CNW/ - Westleaf Inc. (TSX-V: WL)(OTCQB: WSLFF) (\"Westleaf\"), is pleased to announce it has exercised its previously announced option (the \"Option\") to purchase all of the issued and outstanding shares of 102053592 Saskatchewan Ltd. (\"592\"), which operates a cannabis retail store located at 170-3020 Preston Avenue, Saskatoon.  Westleaf has now exercised options to purchase two retail cannabis stores in Saskatoon.\n\n \n \n\n \nHighlights\nPremium Location: The Preston Avenue store is in a high density, shopping-friendly neighborhood in the city's Stonebridge subdivision, and will complement the previously opened Prairie Records stores on Broadway and in Warman; Well Defined and Regulated Market: Saskatoon is the 17th largest city in Canada with around 300,000 people in the metropolitan area. The Saskatchewan Liquor and Gaming Authority (the \"SLGA\") has approved seven licenses for the Saskatoon market, with Westleaf owning two of such locations upon the anticipated closing of the Option. Truly Vertically Integrated Company – Westleaf is a vertically integrated company in the Canadian cannabis industry, with assets owned and under development across each vertical of the business, including cultivation, extraction, processing & manufacturing, distribution and wholly owned retail.The store, which was built out as part of a license agreement with Westleaf, will operate under the Prairie Records retail banner and will be open for business on April 18, 2019. The store's grand opening celebration is expected to occur on April 20, 2019, the day that is synonymous with the legalization of cannabis. \n\"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 push for legalization of cannabis which has gone on for m...