Open Fields Distribution Approved to Open Cross-Docking Cannabis Logistics Services in the Province of Manitoba
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES/
Fire & Flower subsidiary expands service offering Manitoba by leveraging relationships with key partners of licensed cannabis producers
TORONTO, October 26, 2022 /CNW/ – Fire & Flower Holdings Corp. (“fire flower” or the “company“) (TSX: FAF) (OTCQX: FFLWF), a leading retail and technology platform for cannabis consumers, announced today that its wholly owned subsidiary 10926671 Canada Ltd. (“Open fields distribution”) approved by the Liquor, Gaming and Cannabis Authority of Manitoba.
Now that Open Fields Distribution’s logistics facility in Manitoba Once licensed, it will begin providing distribution and logistics services for recreational cannabis products to licensed producers. Open Fields Distribution has already entered into commercial agreements with licensed producers and will offer a wide range of logistics options to retailers in the province. The company has leveraged its significant logistics expertise acquired through Open Field Distribution’s existing distribution operations in the province Saskatchewanand the acquisition of Pineapple Express Delivery in early 2022.
“Through Open Fields Distribution, we are expanding cannabis distribution services to a second province in Canadabuilding on our success in Saskatchewan‘ said Stephane spin, CEO of Fire & Flower. “Cross-docking distribution and logistics services in the province Manitoba continues to expand our strategic relationships with key licensed producer partners across all segments of our business, and we look forward to increasing efficiencies and high levels of service to our customers Manitoba.”
“Open Fields Distribution is an important strategic partner in the province Saskatchewan for Decibel as both a licensed producer and retailer of cannabis,” he shared Adam Coates, Chief Revenue Officer of Decibel Cannabis Company (TSX-V:DB). “We look forward to continuing our relationship with Open Fields in the province Saskatchewan and through the new cross-docking service being offered in the province, to get products to our retail customers more efficiently Manitoba.”
Companies interested in partnering with Open Fields Distribution in the province Manitoba Visit https://openfields.ca or contact for more information [email protected].
About Fire & Flower
Fire & Flower is a retail and technology platform for cannabis consumers with more than 90 company-owned stores across its network. The Company leverages its wholly-owned technology development subsidiary, Hifyre Inc., to continuously evolve its proprietary retail operating model while developing additional high-margin independent revenue streams. Fire & Flower guides consumers through the complex world of cannabis through premium retail, while HifyreTM Digital and analytics platform empowers retailers to optimize their connections with consumers. The Company’s leadership team combines extensive experience in the technology, cannabis and retail industries.
Through the strategic investment of Alimentation Couche-Tard Inc. (owner of convenience stores Circle K), the Company has set its sights on, and is poised to expand into, global expansion as new cannabis markets emerge The United States when permitted by its strategic licensing agreement with Fire & Flower US Holdings upon the occurrence of certain changes in the cannabis regulatory system.
To learn more about Fire & Flower, visit www.fireandflower.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This press release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of current 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”, “may”, “believe”, “plan”, “intend”, “objective”, “continue”. , “ongoing”, “estimate”, “outlook”, “expect”, “forecast” and similar words, including the negative thereof, which indicate future results 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 the management of fire flower as of the date the statements are made based on the information then available fire flower. Various factors and assumptions are used to draw conclusions or to make forecasts or predictions contained in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown variables, risks and uncertainties, many of which are beyond our control fire flowerwhat can lead to it fire floweractual performance or results of , may differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These factors include, but are not limited to: final regulatory and other approvals or approvals; fluctuations in general macroeconomic conditions; fluctuations in securities markets; the impact of the COVID-19 pandemic; the Company’s ability to successfully achieve its business objectives, political and social uncertainties, demand for its common stock and market conditions.
There can be no assurance that the expectations reflected in any forward-looking statements will prove to be correct. Although the forward-looking statements contained in this press release are based on what management of the Company believes or believed at the time to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements as there may be other factors , which may cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this press release. Additional information regarding risks and uncertainties associated with the Company’s operations is included under the headings “Risk Factors” in the Company’s annual information form dated April 26, 2022 and “Risks and Uncertainties” in management’s discussion and analysis for the past thirteen weeks July 30, 2022 in its issuer profile on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statements contained or referenced herein, except in accordance with applicable securities laws.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
SOURCE Fire & Flower Holdings Corp.
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