In 2019 Couche Tard entered into an agreement with Canopy Growth . This agreement creates a strategic partnership in the creation of Tweed brand stores in Canada and the US.
In 2019 Couche Tard entered into an agreement with cannabis seller Fire And Flower. Under the terms of the agreement Couche Tard paid $26 MM(CA) for a 9.1% interest. The agreement includes warrants that would allow Couche Tard to increase its ownership to 51.6%. Currently Fire and Flower operates 74 retail outlets currently throughout Canada. Fire and Flower acquired the cannabis retailer Friendly Stranger to further expand. Couche Tard and Fire and Flower are working together to explore the best way to maximize the partnership. One possibility under consideration is to have Fire and Flower stores adjacent to Couche Tard stores. Fire and Flower is also looking at the Couche Tard partnership as a vehicle to expand into other countries beyond Canada. This would include the US.
The recreational cannabis market for Canada is forecast to be around $5.5 B (Canadian) for 2021. Forecast for the US market for 2025 range from $30-40B. So participation in these markets could add significant revenues for Couche Tard.
The above excerpt is from the following article:
https://seekingalpha.com/article/4402498-2021-critical-year-for-alimentation-couche-tard
Recent FAF News
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 09:09:13 PM
- First American Named One of the Best Workplaces in Financial Services & Insurance™ by Great Place to Work® and Fortune for Eighth Straight Year • Business Wire • 09/11/2024 03:30:00 PM
- First American Financial Corporation Increases Quarterly Cash Dividend to 54 Cents Per Share • Business Wire • 09/10/2024 09:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/10/2024 08:30:10 PM
- First American Financial Corporation Appoints Deborah L. Wahl to Board of Directors • Business Wire • 09/10/2024 08:30:00 PM
- First American Named by Fast Company as One of the Best Workplaces for Innovators for Second Consecutive Year • Business Wire • 09/10/2024 03:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/09/2024 10:45:09 AM
- First American Title Co-President Sally French Tyler Selected for 2024 HousingWire Vanguard Award • Business Wire • 09/03/2024 05:30:00 PM
- Form N-PX - Annual Report of proxy voting record of management investment companies • Edgar (US Regulatory) • 08/26/2024 08:37:20 PM
- Slowdown in National House Price Growth Seeps into Seventh Straight Month, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 08/20/2024 01:00:00 PM
- Los Angeles-Long Beach-Glendale Home Prices Up 3.2% Year Over Year in July, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 08/20/2024 01:00:00 PM
- Dallas-Plano-Irving Home Prices Up 2.0% Year Over Year in July, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 08/20/2024 01:00:00 PM
- New York-Jersey City-White Plains Home Prices Up 0.9% Year Over Year in July, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 08/20/2024 01:00:00 PM
- Houston-The Woodlands-Sugar Land Home Prices Up 3.3% Year Over Year in July, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 08/20/2024 01:00:00 PM
- First American Title Vice President Justin Lischak Earley Named 2024 HousingWire Insiders Award Winner • Business Wire • 08/01/2024 05:30:00 PM
- ServiceMac® Earns 2024 USDA Top Servicers Award • Business Wire • 08/01/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/24/2024 08:15:09 PM
- First American Financial Reports Second Quarter 2024 Results • Business Wire • 07/24/2024 08:15:00 PM
- First American Title Vice President and Profit Center Manager Crystal Cook Named a GlobeSt. 2024 Woman of Influence • Business Wire • 07/17/2024 03:00:00 PM
- First American Deputy Chief Economist Odeta Kushi Named a GlobeSt. 2024 Woman of Influence • Business Wire • 07/17/2024 03:00:00 PM
- Dallas-Plano-Irving Home Prices Up 2.1% Year Over Year in June, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 07/16/2024 01:00:00 PM
- New York-Jersey City-White Plains Home Prices Up 4.0% Year Over Year in June, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 07/16/2024 01:00:00 PM
- Houston-The Woodlands-Sugar Land Home Prices Up 3.4% Year Over Year in June, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 07/16/2024 01:00:00 PM
- National House Price Growth Slows for Sixth Consecutive Month, According to First American Data & Analytics Monthly Home Price Index Report • Business Wire • 07/16/2024 01:00:00 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM