Fire and Flower is growing.
The company, which has a location at 302-114 Street in North Battleford, is acquiring Jimmy’s Cannabis Shops located in Battleford, Estevan, Martensville and Moosomin.
Prairie Sky Cannabis Inc. owns Jimmy’s Cannabis Shops.
“The acquisition of four additional retail cannabis stores in … Saskatchewan is the first in Fire and Flower’s aggressive acquisition strategy for 2019,” Fire and Flower CEO Trevor Fencott said in a press release.
According to a press release, the purchase price for the locations, along with other assets, is $13 million, of which half will consist of cash, and the other half in common shares of the company.
“Fire and Flower are exemplary operators of cannabis retail stores and we are pleased that our customers will be well-served by the Fire and Flower team,” Prairie Sky Cannabis president John Thomas said in he release.
Fire and Flower anticipates closing the transactions on or about May 13, and the stores will be rebranded as Fire and Flower.