Business
Delota Announces Retail Partnership in Eastern Canada
Vaughan, Ontario--(Newsfile Corp. - July 7, 2025) - Delota Corp. (CSE: NIC) (FSE: S62) ("Delota" or the "Company"), a leading Canadian omni-channel retailer of nicotine vape and alternative tobacco products, is pleased to announce that its wholly-owned subsidiary, 2360149 Ontario Inc. d/b/a 180 Smoke ("180 Smoke"), has entered into agreements with 180 Global, a private Quebec-based business in the nicotine vape sector, relating to the licensing of Delota's flagship 180 Smoke brand for retail ...
About this update from Delota Corp
[{"type":"text","content":"Vaughan, Ontario--(Newsfile Corp. - July 7, 2025) - Delota Corp. (CSE: NIC) (FSE: S62) ("Delota" or the "Company"), a leading Canadian omni-channel retailer of nicotine vape and alternative tobacco products, is pleased to announce that its wholly-owned subsidiary, 2360149 Ontario Inc. d/b/a 180 Smoke ("180 Smoke"), has entered into agreements with 180 Global, a private Quebec-based business in the nicotine vape sector, relating to the licensing of Delota's flagship 180 Smoke brand for retail online sales of vape products in certain specified provinces (the "Retail Partnership"). Under the terms of the agreements entered into in connection with the Retail Partnership, 180 Global has limited authorization to use the 180 Smoke brand in connection with the sale of vape products in the provinces of Quebec, New Brunswick, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island (the "Regional Markets"). 180 Global will assume operational functions in the Regional Markets to effect the Retail Partnership. In exchange, certain service fees and a royalty fee will be payable to 180 Smoke by 180 Global in connection with the Retail Partnership and sales of vape products in the Regional Markets.","length":1264,"tagName":"p"},{"type":"text","content":"As a result of the Retail Partnership, Delota anticipates there may be a reduction in reported revenues and expenses on its consolidated financial statements, as operational functions are transitioned from 180 Smoke to 180 Global. These changes are expected to be reflected in Delota's future consolidated financial statements as the Company adjusts its operational structure in connection with the Retail Partnership. Management believes that, if successful, the Retail Partnership may have a positive impact on profitability in the Regional Markets, which would be reflected in future financial results.","length":609,"tagName":"p"},{"type":"text","content":"About Delota Corp. ","length":18,"tagName":"p"},{"type":"text","content":"Delota is the largest omni-channel specialty vape retailer in Ontario with a mission of becoming one of the largest national specialty retailers of nicotine vape and alternative tobacco products. The Company's growth strategy includes aggressively growing its flagship brand, 180 Smoke Vape Store, by expan...