Couche-Tard’s $25.9 Million Investment in Cannabis Retailer Fire and Flower

Article by Ambrogio Visconti, Global Legal Chronicle

HomepageNorth AmericaNorth America Legal ChronicleCouche-Tard’s $25.9 Million Investment in Cannabis Retailer Fire and Flower Couche-Tard’s $25.9 Million Investment in Cannabis Retailer Fire and Flower Ambrogio Visconti

Davies assisted its client, Alimentation Couche-Tard Inc., in accelerating its move into Canada’s flourishing cannabis sector through a strategic investment in Fire & Flower Holdings Corp., a leading independent cannabis retailer based in Edmonton, Alberta.

Couche-Tard’s initial $25.9-million investment, which was subject to regulatory approvals, gave it rights to 9.9% of Fire & Flower’s equity and the potential to increase its stake to 50.1%.

Fire & Flower will use the funds to develop its Hifyre digital retail platform and expand its network of 23 cannabis outlets in Alberta, Saskatchewan and Ontario.

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