Newstrike Brands Ltd (fka HIP)

[doogdilinger]

Gonna be a while 'til we see some relevant growth. I'm personally not expecting to see more than 40 to 50 Spirit Leaf stores launch in Western Canada by years end for example...then another 50 or so Western Canada stores launch in the 1st 6 months next year.

The big thing I'll be waiting for here in Ontario is retail stores launching next April because I know for a fact Spirit Leaf is aiming to have 100 stores ready to roll by then.

That may be an ambitious target for Ontario next April, but I met with their executives in Toronto at 2 franchise expos recently...and with all the lessons they'll be learning across Western Canada over the next 6+ months I think it will provide potential Ontario Franchise owners with valuable intel/insights to be ready to hit the ground running next April...but we'll see how it all plays out right and I definitely think having the backing of the Hip in all Spirit Leaf stores including 20% of their stores being devoted to a Tragically Hip lounge will be a sweet draw for them glty!