Sunday, June 1, 2025

Latest

Canopy Growth Moves Into Alberta Retail Market With Ten Locations

Canopy Growth (TSX: WEED) (NYSE: CGC) evidently has its eyes on the Albertan market. The company announced this morning that it will be focusing on its retail expansion within the province, with the firm expected to open a total of ten stores over the next week under the Tokyo Smoke and Tweed retail banners.

While the company refers to the move as its “Alberta Expansion,” the reality is that its stores will actually be highly concentrated. Of the ten stores opening, a total of seven will be located within Calgary, two of which under the Tweed Brand and the remainder under the Tokyo Smoke brand. In fact, of the six Tokyo Smoke locations opening, all but one are located in Calgary. The final location is located in Spruce Grove, which is effectively a suburb of Edmonton.

Tweed is slightly more diversified, with its third and fourth retail facilities being located in Lethbridge and Edmonton, respectively.

Further locations for both banners are said to be in the pipeline as well.

Commenting on the stores themselves, Canopy identifies that both banners offer guests an “industry-leading retail experience,” without quantifying what specifically places the banners in this ranking or what this so called grading was based on, outside of referring to Tokyo Smoke as an “elevated” experience and Tweed as “warm and approachable.”

The new locations bring the total number of Canopy retail locations across the country to 50, with 29 being located in Western Canada. More locations are said to be planned for the current calendar year.

Canopy Growth last traded at $16.50 on the NYSE.


Information for this briefing was found via Sedar and Canopy Growth. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Canopy Growth Sees Revenue Decline To $297.1 Million In 2024

Canopy Growth (TSX: WEED) has seen revenue decline on a sequential basis for its fourth...

Thursday, May 30, 2024, 10:24:13 AM

Canopy Growth Exercises Wana, Jetty Call Options As Part Of US Strategy

Canopy Growth (TSX: WEED) is reporting that Canopy USA has exercised options to acquire US-based...

Tuesday, May 7, 2024, 09:52:28 AM

Canopy Growth Gets Hit With Multiple $0.00 Price Targets

When it rains it pours and Canopy Growth Corp. (TSX: WEED) is finding that out...

Thursday, July 6, 2023, 02:22:00 PM

Canopy Growth To Cut 60% Of Staff As Earnings Continue To Implode

Less than a year after Canopy Growth (TSX: WEED) announced that it was “undertaking initiatives...

Thursday, February 9, 2023, 08:29:56 AM

Canopy Growth: Canaccord Lowers Price Target After “Uninspiring Quarter”

Last week, Canopy Growth Corp (TSX: WEED) (NASDAQ: CGC) reported their first fiscal quarter of...

Thursday, August 12, 2021, 10:54:00 AM