Cannabis
Westleaf Receives License for Alberta Prairie Records Cannabis Store in Calgary
Westleaf Inc. (the “Company” or “Westleaf“) (TSX-V:WL) (OTCQB:WSLFF), is pleased to announce that its subsidiary, Westleaf Retail Inc. has been granted a license by Alberta Gaming, Liquor and Cannabis (AGLC) for its first Prairie Records branded retail cannabis store in Alberta. The store located at 4420 17th Avenue SE, also known as International Avenue, is in the middle of one of the busiest commercial strips in Calgary.
“This is a small but significant step in our development as a full spectrum cannabis company, with seed-to-sale operations,” noted Adam Coates, Chief Commercial Officer at Westleaf. “We believe our celebrated Prairie Recordsconcept with its unique experiential music tie-in will be a winner with customers in Alberta as it has been in Saskatchewan.”
Westleaf currently has three Prairie Records stores operating in Saskatchewan, two in Saskatoon and one in Warman. The Prairie Records International Avenue store in Calgary is the first of several planned for Alberta over the coming months and year. Prairie Records is a unique retail concept marrying the instinctual tie between cannabis and music to make a more memorable shopping and educational experience for the consumer whether they are brand new to the market or an experienced cannabis user. The customer is immersed in a welcoming and warm environment which encourages exploration and education into the range of products by using people’s personal knowledge of music genres and styles.
“Alberta is an important market for Westleaf and the Prairie Records brand, as it is not only home for the Company’s head office and it’s proposed major processing and extraction facility, but the province is leading the way in cannabis retail across Canada, providing cannabis consumers far more choice,” said Scott Hurd, President and CEO of Westleaf. “We anticipate that the Prairie Records brand will stand out amongst the current crop of retailers.”
The retail license comes on the heels of the completion of construction of Phase I of The Plant by Westleaf Labs, the Company’s large-scale cannabis extraction, processing and manufacturing facility in Calgary. The Plant is in final stages of preparing for operations awaiting an operating license from Health Canada to begin formulating cannabis derivative products and consumables which have been legalized, such as tinctures, oils and gel caps and those which are expected to be legalized later in the fall of 2019, such as edibles, vapes and topicals. Construction on the Company’s cultivation facility Thunderchild, near Battleford Saskatchewan, continues on-schedule for completion by the end of 2019.
SOURCE Westleaf Inc.