Inner Spirit has announced retail operator licenses (ROLs) have been secured for a number of franchise partners who now meet Ontario’s eligibility criteria for operating cannabis outlets in the province.
The ROLs were granted by the Alcohol and Gaming Commission of Ontario (AGCO) as part of the regulator’s plan to expand the number of legal cannabis retail stores in the province.
Earlier this month, Inner Spirit announced it had secured a ROL for corporate-owned Spiritleaf retail cannabis stores in Ontario. The next step in the approval process is to secure retail store authorizations (RSAs) prior to beginning operations with more than 20 potential locations under various stages of development and completion.
With the recent announcement by the Manitoba government that its cannabis retail application process will be open to all prospective retailers starting June 1, the company announced it intends to apply for an age-restricted license with Manitoba Liquor & Lotteries to operate a stand-alone corporate store in Winnipeg and will resume franchise sales activity in the province for both Spiritleaf standalone stores and store-in-store operations under the controlled access licence category.
Inner Spirit is pleased to have the opportunity to invest in the province and provide ownership opportunities to entrepreneurs by providing a turn-key operation including store design, training, a proprietary education program, industry leading point of sale and accounting systems, standard operating procedures, as well as ongoing support from the award-winning Spiritleaf support centre.
“With our first Ontario stores expected to open in the near future as well as additional locations projected to open across Canada through the rest of 2020, we are well positioned to expand our footprint using the same dedication, customer focus, and product portfolio we have brought to our existing markets in the country,” said Darren Bondar, president and CEO.
The Spiritleaf retail cannabis store network includes 48 franchised, licensed, and corporate-owned stores operating in Alberta, British Columbia, Saskatchewan, and Ontario. Additional store locations are expected to open in 2020 in those four provinces as well as Manitoba and Newfoundland and Labrador.