New Report Finds Cannabis Sales May Triple to $30 Billion by 2023 - Seite 2

"Coastal Green makes a very welcomed addition to our portfolio of brands and our network of cannabis retail locations in Canada," states Chris Bogart, President & CEO of Choom. "The key driver for this investment was finding an innovative way to maximize our footprint in BC while also gaining additional revenue streams to further grow shareholder value. With the Coastal Green concept, consumers can expect the same warm and welcoming experience with knowledgeable staff they've come to know in our Choom locations."  Read this and more news for Choom at: https://www.financialnewsmedia.com/news-choo/ 

Additional industry related developments from around the markets:

High Tide Inc. (CNQ: HITI) (OTCQB: HITIF) an Alberta -based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, recently announced that the Canna Cabana retail stores located at Unit #4, 16952 111 Avenue NW in Edmonton and at Bay #130, 100 Stockton Avenue in Okotoks (collectively, the "New Alberta Stores") both received their first deliveries of cannabis products from Alberta Gaming, Liquor and Cannabis ("AGLC") and began selling recreational cannabis for adult use on July 9 , 2019.  The New Alberta Stores bring the total number of Canna Cabana retail locations currently selling recreational cannabis to 7 across the province, for a total of 11 branded locations across Canada.

The Company expects its next 10 Canna Cabana stores, including one franchise, to be licensed as retail cannabis stores throughout the summer, which will bring its total number of retail cannabis stores to 17 branded locations across Alberta barring any changes to the current rate of licensing by AGLC. "We are extremely proud of establishing 7 retail cannabis stores organically across Alberta in such a short period of time," said Raj Grover, President and Chief Executive Officer of High Tide. "As one of the top retailers of recreational cannabis in Canada , customers continue to validate the Canna Cabana concept and support our next locations as they open," added Mr. Grover. The remaining 19 locations to reach the effective maximum of 37 retail cannabis stores in Alberta are currently under various stages of development and construction.