Inner Spirit Holdings Ltd., owner of Spiritleaf retail cannabis stores has announced five franchise partners have secured retail store authorizations (RSAs) in Toronto, Ottawa, and Guelph, Ont.
The RSAs were granted by the Alcohol and Gaming Commission of Ontario (AGCO) as part of the province’s plan to increase the number of legal cannabis retail stores in the province. There are seven additional Spiritleaf stores which have completed construction and are in the final stages of licensing in Calgary and Red Deer, Alta.; in Toronto, Ottawa, and London, Ont.; and St. John’s, N.L.
“We are very excited to continue our expansion of the Spiritleaf brand across the country and set deeper roots into Ontario. We were there for Ontario on April 1, 2019 when we opened the first private recreational cannabis store in Kingston,” said Inner Spirit president and CEO Darren Bondar. “We have a regional Spiritleaf office in Toronto, a strong support team in place, and a great group of talented entrepreneurs ready to open their doors to their local communities throughout the province.”
The new Ontario stores are expected to open later this month at the following locations;
- Bloor West Village, Toronto
- College Street (Little Italy), Toronto
- Lawrence Avenue (Don Mills), Toronto
- Wellington West Village, Ottawa
- Edinburgh Market Place, Guelph
“The majority of our planned locations in Ontario will be franchise owned which aligns with our business model… Overall, we believe the benefits of local entrepreneur ownership line up perfectly with the policy objectives of the Ontario government in crafting their retail cannabis laws, namely, to support small business,” said Dave Marino, the company’s Ontario general manager and a franchise owner.