Edmonton, May 28-30, 2023

Due to the numerous requests from LPs. Micro and Craft growers along with some of the largest cannabis retail stores in the nation, Grow Up has decided to bring our award winning show to Alberta. We will be hosting our 7th Conference and Expo at the Edmonton Convention Centre in beautiful downtown Edmonton.

Toronto’s historic HotBox Cannabis Shop set to close

Sep 28, 2022 | Media Partners, The GrowthOp

This post is presented by our media partner The Growth Op
View the original article here.


Article content

Two years after being acquired by Friendly Stranger Holdings Corp. (FSHC), Toronto’s historic Hot Box Cafe is closing its doors.

Article content

“Our iconic shop is known for being Toronto’s first consumption lounge, having a wide selection of strains and staff that are passionate about the leaf and so much more. Although we are sad to say goodbye, we are so happy to have been a part of the Kensington Market neighbourhood, the Canadian cannabis culture and so much more,” reads a post on the business’s Facebook page.

Article content

FSHC, which began as a Queen Street West cannabis accessory store in 1994, was later acquired by Fire & Flower Holdings Corp. in Dec. 2020.

That deal brought “the iconic Friendly Stranger, Happy Dayz and Hotbox banners into the Fire & Flower portfolio and provides us with additional tools for growth,” Trevor Fencott, former CEO of Fire & Flower, said at the time. Fencott resigned earlier this year and Stéphane Trudel, senior vice president of operations for Alimentation Couche-Tard Inc., was announced as his replacement.

Alimentation Couche-Tard Inc., a Quebec-based convenience store operator, owns about 20 per cent of Fire & Flower’s shares, per Grow Cola

Earlier this month, Fire & Flower reported a net loss of $21.6 million for Q2 fiscal 2022, compared to a net profit of $19.5 million in the prior year period.

BNN Bloomberg reported in 2021 that Ontario began a public consultation process in early 2020 to look at the viability of opening consumption lounges, but no changes had advanced as of last fall.

Subscribe to Weekend Dispensary, a weekly newsletter from The GrowthOp.

This post was originally published by our media partner here.

Grow Up – September 11-13, 2022
Niagara Falls Convention Centre, ON

News from Grow Up Media partners