Couche-Tard Looks to Be 'Key Player' in Cannabis Retailing
LAVAL, Quebec, and EDMONTON, Alberta - Alimentation Couche-Tard Inc. and independent adult-use cannabis retailer Fire & Flower Holdings Corp. have confirmed the closing of their transaction announced on July 24.
Fire & Flower will leverage Couche-Tard's international infrastructure and experience for global expansion opportunities. The investment will provide Fire & Flower with additional capital to further accelerate its expansion strategy, significantly accelerating the number of stores it is able to open as well as the number of markets it is potentially able to access.
"Through this strategic investment, we reinforce our intention to become a key player in North America's cannabis industry," said Brian Hannasch, president and CEO of Couche-Tard. "We are excited to see what we can achieve together with Fire & Flower as we further expand in Canada and look to leverage our presence in the United States and beyond."