Fire & Flower Holdings Corp (FAF)

[FUNMAN]

See blue for most important info - Cannabis bits: Ontario doubles retail, Aleafia doubles products, Harborside doubles-down on taxes

See the entire article here:

https://www.potnetwork.com/news/cannabis-bits-ontario-doubles-retail-aleafia-doubles-products-harborside-doubles-down-taxes

The most important announcement here is how many more stores will open in Ontario, figuratively widening the pipe to allow more products from the LPs and Cannabis 2.0 producers to sell products to the consumer. Hopefully Fire & Flower is lined up waiting for application approvals and is ready to open those outlets fast.

Sep 29, 2020
MARIJUANA STOCKS
By B.A. Dorfman

News out of Ontario shows that the province is hoping to combat the cannabis store shortage by doubling Retail Store Authorizations. The Alcohol and Gaming Commission of Ontario announced earlier this month that it wants to double the pace of cannabis Retail Store Authorizations from 20 to 40 per month. Yesterday, the agency noted that it would double its efforts, going from issuing five RSA’s per week to 10.

According to a report in Marijuana Business Daily, the move will alleviate the problem in Ontario, but it may be years before they catch up to other provinces in Canada.

“As of Monday, 173 cannabis retailers were open in Ontario, or about 1.19 stores per 100,000 people, which is the second-lowest in the country,” wrote Marijuana Business Daily.

“By comparison, Alberta leads with more than 500 store licensees serving a population roughly one-third that of Ontario’s – about 11.5 licenses issued per 100,000 people,” the site continued.

At their current rate, it will take Ontario more than three years to catch up with Alberta, and its current per-100,000 cannabis stores figure.