- Wildflower Brands’ announcement of plans to acquire City Cannabis Corp. represents the latest step in Wildflower’s international expansion
- City Cannabis is only the company with multiple licenses in British Columbia, and the only BC-based retailer to go public
- The proposed acquisition represents a major opportunity to gain exposure to the Canadian consumer market, as City Cannabis anticipates operating stores across Canada
The recently announced LOI (http://nnw.fm/uGJ04) for the acquisition of Vancouver-based licensed cannabis retailer City Cannabis Corp. by wellness brand builder Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) is a major step for Wildflower. The move points to the potential of a Canada-wide retail presence with City’s own plans for retail expansion. Vancouver news outlet BIV noted that City Cannabis — termed Vancouver’s “first legal cannabis boutique” — expects to eventually operate 20 to 30 stores across the country (http://nnw.fm/eZV19). Wildflower already sells various CBD products throughout the U.S., and this latest announcement is seen as one part of Wildflower’s ongoing strategy to build itself as an international player in the global cannabis market.
City Cannabis is a cannabis retailer holding two of the three City of Vancouver licenses to sell cannabis, and it is the only company with multiple licenses in the Province of British Columbia. It is also expected to be the only…
NOTE TO INVESTORS: The latest news and updates relating to WLDFF are available in the company’s newsroom at http://nnw.fm/WLDFF
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