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Non-Tech : Marijuana Stocks
CGC 1.170+7.3%Nov 7 9:30 AM EST

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From: vitalremains11/20/2019 8:36:44 PM
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Inner Spirit launches on-line cannabis retail sales

2019-11-13 11:51 ET - News Release

Mr. Darren Bondar reports

INNER SPIRIT HOLDINGS ANNOUNCES LAUNCH OF ONLINE CANNABIS RETAIL AND OPENING OF FRANCHISE OWNERSHIP OPPORTUNITIES IN SASKATCHEWAN

Inner Spirit Holdings Ltd. plans to expand across the province of Saskatchewan with the launch of an on-line cannabis retail website and the resumption of franchise sales activity directed at local entrepreneurs in the province. Spiritleaf franchise information is available at the company's website.

"We have become Canada's number one cannabis retailer by continually finding new ways to deliver the best shopping experience for our customers. We were the first out in Canada with the Leafly Pickup service that allows customers to order online and then pick up and purchase products in-store at our locations. Now we're offering online ordering and delivery of recreational cannabis across Saskatchewan in partnership with Shopify, Pineapple Express and Canada Post. The online ordering platform we've developed is one we can also put to work in other jurisdictions if additional markets become accessible to us," said Darren Bondar, President and CEO of Inner Spirit.

Cannabis e-commerce platforms for recreational product are expected to gain traction as Canada's legal market matures. Saskatchewan allows private cannabis retailers to sell recreational product online and deliver it directly to consumers while Ontario recently announced its intention to enable consumers to browse and order product online prior to collecting it from a participating store. In Saskatchewan, residents will have access to Spiritleaf's full product line of cannabis and related accessories with order fulfillment being managed through Spiritleaf's locally owned Moose Jaw franchised location with same day delivery available through Pineapple Express in Regina and Moose Jaw.

"The Province of Saskatchewan has proven to be a positive regulatory environment for the retail cannabis sector. The province recently announced that it's moving forward with a phased-in open market system for cannabis retail licensing in the spring of 2020. Spiritleaf will be looking to add new franchised and corporate-owned stores in locations throughout Saskatchewan to serve more communities with the premium shopping experience for which we've become celebrated," said Bondar.

Spiritleaf's retail cannabis store network includes locations in Alberta, British Columbia, Saskatchewan and Ontario. Spiritleaf is currently Canada's largest cannabis retail brand with 37 operating stores across the country.

About Inner Spirit

Inner Spirit Holdings has established a growing network of recreational cannabis stores across Canada under its Spiritleaf brand. The Spiritleaf network includes franchised and corporate-owned stores as well as an Ontario retail partnership, all operated with an entrepreneurial spirit and with the goal of creating deep and lasting ties within their local communities. Spiritleaf aims to be the most knowledgeable and trusted source of recreational cannabis by offering a premium consumer experience and quality curated cannabis products. The Company is led by passionate advocates for cannabis who have years of retail, franchise and consumer marketing experience.

We seek Safe Harbor.

Company website:
innerspiritholdings.com
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