CanadaBis Capital Inc. Opens its First Cannabis Retail Store in Red Deer, Alberta: INDICAtive Collection

- October 7th, 2019

CanadaBis Capital Inc. is pleased to announce their latest accomplishment: the grand opening of their first retail store in Alberta.

One of Alberta’s up-and-coming cannabis brands is now poised to influence four pillars of industry: cultivation, processing, lifestyle and retail.

CanadaBis Capital Inc. (TSXV:CANB) (“CanadaBis” or “the Company”), a vertically integrated Canadian cannabis company focused on finding and capitalizing on growth and diversification opportunities, is pleased to announce their latest accomplishment: the grand opening of their first retail store in Alberta. INDICAtive Collection, located in Red Deer’s Gasoline Alley, opened its doors October 5th, 2019, and showcased a brand offering unique, upscale products within a polished and professional atmosphere.

This flagship store, the first of several proposed for strategic locations across Alberta, is advantageously located next door to a cannabis head shop and lifestyle products store; uniquely positioned to offer a convenient one-stop cannabis shopping experience to both local and visiting cannabis enthusiasts. The successful opening represents another example of the Company’s ability to capitalize on strategic growth.

“The momentum we’ve seen over the past few months has positioned our company for the type of growth and influence we’ve always envisioned,” says Travis McIntyre, CEO of CanadaBis. “We are very excited to have our first retail location open just a short drive down the road from Stigma Grow, our 66,000-square-foot craft cannabis cultivation facility, and look forward to the chance to continue to serve the emerging cannabis industry via our four business pillars: cultivation, processing, lifestyle and retail.”

As of the date of this release, Red Deer currently plays host city to five existing retail locations. However, with INDICAtive Collection’s prime location in the heavy trafficked area of Gasoline Alley, and their company-wide commitment to Alberta-style hospitality, Mr. McIntyre believes INDICAtive Collection will quickly stand out from the crowd. And if the first weekend was indication of what’s to come, INDICAtive Collection is well-positioned for success.

“We’ve spent the last year and a half evaluating opportunities to enter the retail market and believe there is still significant opportunity to operate stores that are aware of, and willing to address, the common complaints and shortcomings that plague our existing cannabis retail providers. When it comes to quality and in-demand inventory, we believe our offering will be truly indicative of the evolving times, tastes and laws that guide our customers’ need for a store that “gets” them, and caters to what they value.”

In addition to providing Albertans with the service and convenience they seek, CanadaBis looks forward to the opportunity to continue to work with as many Alberta-based companies as possible as they remain Alberta owned and operated, and see value in staying true to that brand position.

With INDICAtive Collection open for business, the next milestone for CanadaBis’ team of outstanding cannabis professionals will be accepting their newly amended LP sales license, and beginning to sell dry flower, cannabis oils and concentrates to the AGLC as early as December 2019.

About CanadaBis Capital Inc.

CanadaBis Capital Inc. (TSXV:CANB) is a vertically integrated Canadian cannabis company focused on achieving large-scale growth in the fast-emerging global cannabis market. By targeting organic growth opportunities alongside the right-fit partners, we remain focused on finding and capitalizing on chances to grow, diversify and continue to lead our industry.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to our business and operations including development and expansion plans; intention to develop property in British Columbia; increasing our product lines to include CBD distillates; and our general business plans. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: compliance with extensive government regulation, the general business, economic, competitive, political and social uncertainties; successful negotiation of necessary agreements to get our product to market; requirement for further capital, delay or failure to receive board, shareholder or regulatory approvals; the results of operations and such other matters as set out in the Filing Statement available on SEDAR at www.sedar.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although we believe that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have a material adverse effect on our future results, performance or achievements.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. CanadaBis Capital does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Click here to connect with CanadaBis Capital Inc. (TSXV:CANB) for an Investor Presentation

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