/NOT FOR DISSEMINATION IN THE UNITED
STATES OR FOR DISTRIBUTION TO UNITED
STATES WIRE SERVICES/
EDMONTON, April 22, 2019 /CNW/ - Fire & Flower Holdings
Corp. ("Fire & Flower" or the "Company") (TSXV: FAF), today
announced it has received two additional licenses from the Alberta
Gaming Liquor and Cannabis Commission (the "AGLC") to operate
cannabis retail stores in Edmonton
and Red Deer, Alberta.
With the opening of the two additional licensed retail stores,
there are now thirteen Fire & Flower branded licensed stores
selling cannabis across Alberta,
Saskatchewan and Ontario.
"The receipt of these licenses validates Fire & Flower's
strategy of continuing to invest in Alberta and build-out stores for inspection
despite the initial supply difficulties. As the quality and
consistency of Alberta's cannabis
supply has improved, we are pleased to see the AGLC release
additional cannabis licenses across the province. We expect even
more of our inventory of built-out stores to come online as supply
steadily continues to improve." shared Trevor Fencott, Chief Executive Officer of Fire
& Flower. "We appreciate the support we have received from the
Clareview and Red Deer communities
as these stores have awaited final licensing, and look forward to
being able serve both our loyal customers and new guests with a
curated assortment of cannabis and accessories."
The new stores are located at:
- 13710 – 42 Street, Edmonton,
Alberta
- 3119 – 49 Avenue, Red Deer
Alberta
Opening dates and operating hours will be posted on Fire &
Flower's website at fireandflower.com.
About Fire & Flower
Fire & Flower is a leading
purpose-built, independent adult-use cannabis retailer poised
to capture significant Canadian market share. The Company guides
consumers through the complex world of cannabis through
education-focused, best-in-class retailing while the HiFyre digital
platform connects consumers with cannabis products. The Company's
leadership team combines extensive experience in the cannabis
industry with strong capabilities in retail operations.
Fire & Flower Holdings Corp. owns all issued and outstanding
shares in Fire & Flower Inc., a licenced cannabis retailer in
the provinces of Alberta and
Saskatchewan and is a consultant
and licensor to Fire & Flower-branded retail locations in
province of Ontario.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
This news release contains certain
forward-looking information within the meaning of applicable
Canadian securities laws ( "forward-looking statements"). All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
"anticipate", "achieve", "could", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "outlook",
"expect", "project" and similar words, including negatives thereof,
suggesting future outcomes or that certain events or conditions
"may" or "will" occur. These statements are only
predictions.
Forward-looking statements are based on the opinions and
estimates of management of the Company at the date the statements
are made based on information then available to the Company.
Various factors and assumptions are applied in drawing conclusions
or making the forecasts or projections set out in forward-looking
statements. Forward-looking statements are subject to and
involve a number of known and unknown risks and uncertainties, many
of which are beyond the control of the Company, which may cause the
Company's actual performance and results to differ materially from
any projections of future performance or results expressed or
implied by such forward-looking statements. No assurance can be
given that the expectations reflected in forward-looking statements
will prove to be correct.
The Company assumes no obligation to publicly update or
revise forward-looking statements to reflect new information,
future events or otherwise, except as expressly required by
applicable law.
SOURCE Fire & Flower Holdings Corp.