Article by Jacquie Miller, Ottawa Citizen
Canopy Growth Corp. in Smiths Falls has nabbed another Ontario cannabis store that will carry the name of one of its brands.
A cannabis lottery winner plans to open a store called Tokyo Smoke 333 Yonge in Toronto, according to a posting Tuesday by the Alcohol and Gaming Commission of Ontario.
Canopy owns the Tokyo Smoke brand. The company already operates four Tokyo Smoke cannabis stores and an e-commerce site in Manitoba.
Tokyo Smoke made an agreement with lottery winner Colin Campbell, who applied to open the store at 333 Yonge St. near Dundas Street West, to use the brand name.
“The lottery winner will have full ownership and control over the Toronto store,” said Canopy spokesperson Caitlin O’Hara in a statement. That’s one of the requirements of the cannabis lottery, held to award the right to apply for the first wave of shop licences.
Another proposed store, in London, will carry the Canopy brand name Tweed.
Only 25 cannabis stores will open across the province this spring. The number was temporarily restricted because of a cannabis shortage.
Licensed cannabis growers such as Tweed were not allowed to enter the lottery. Even when more shop licences are available, growers are restricted from owning more than 9.9 per cent of a retail cannabis store. That was to ensure the retail trade was open to smaller businesses.
However, some of the lottery winners have made licensing and branding deals with cannabis retail chains that operate in other provinces.
Canopy Growth plans to continue expansion of its retail stores under the Tweed and Tokyo Smoke banners. According to a financial statement released in February, the company planned to add 20 additional Tweed and 20 more Tokyo Smoke stores in provinces that allow privately-run shops.