Tokyo Smoke has entered into agreements with five retailers that were successful in Ontario’s recent cannabis store lottery.
As well, those retailers have progressed to key, public stages in the licensing process.
In particular, three locations have been posted to the AGCO website and the two others have received official confirmation and will post the required on-site notice prior to locations being posted online.
Tokyo Smoke, alongside Tweed, is the retail subsidiary of Canopy Growth, which operates retail stores across Canada.
“As a company, we are pleased to see this progress in the Ontario retail market,” said Mark Zekulin, CEO of Canopy Growth.
“Increasing our presence in Toronto and for the first time north of the GTA is an important step to continuing the growth of the Tokyo Smoke brand and providing Ontarians with easy access to the education and high-quality cannabis retail experiences they seek.”
The Tokyo some locations include:
- 390 Lakeshore Dr. Unit 3, North Bay, Ontario
- 75 Pinebush Road Unit D0005, Cambridge, Ontario
- 570 Bloor St. West, Toronto, Ontario
- 1303 Queen St. East, Toronto, Ontario
- 1082 Memorial Avenue, Thunder Bay, Ontario
The retail cannabis store locations remain owned and operated by independent business owners with the support of Canopy Growth’s retail team to ensure a consistent high level of customer experience and product curation.
Once all five retail stores are open, Canopy Growth’s retail banners across Canada will grow to reach 32 stores, with more planned throughout calendar year 2020.
Management believes that increasing the number of retail stores in Ontario is essential to the overall success of the cannabis sector, and to migrating cannabis sales from the illicit to regulated market.
As well, Canopy Growth applauds the recent progress in bringing new stores closer to market and encourages an open licence process to complement the existing licenses granted and in process.