INDIVA Partners with Cannabis Retailer Ouid to Open New Locations in Ontario

INDIVA (TSXV:NDVA) COO Koby Smutylo was featured in an article by Cheddar regarding the company’s recently acquired 9.9 percent interest in Retailgo Corp., a retail company that is planning on opening a string of dispensaries in April under the name Ouid. Ouid has already secured a lease for a dispensary and is looking at securing a second location downtown in London, Ontario.

“It’s also a chance to be part of a brand new legal industry . . . There’s not too many opportunities in life where you can be part of something right from the ground floor.” said Smutylo.

Prior to Ontario releasing its private cannabis retail framework, INDIVA had plans to open multiple retail locations within the province. The retail regulations released last month limit licensed producers to one store in the province and that location must be attached to their production site. However, there is hope for licensed producers looking to enter the retail landscape as the private retail framework does allow licensed producers to own up to a 9.9 percent stake in dispensaries that aren’t attached to their production site.

Currently, consumers can buy cannabis through the province’s online delivery service, the Ontario Cannabis Store, until dispensaries open in the spring. Once Ouid opens its doors for business, they will be carrying cannabis products from INDIVA and other licensed producers and will feature a welcoming presence.

“What we’re aiming for is a fairly clean aesthetic, a little bit premium, but it should be very welcoming and appeal to a broad spectrum of people,” he said.

INDIVA will also be opening a retail location at its 3,700-square-meter plant in London, Ontario.

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Source: lfpress.com