Topic: How To Invest

Q: Hi Pat: What is your opinion on Fire & Flower Holdings Corp.? Thanks.

Article Excerpt

A: Fire & Flower Holdings Corp., $1.20, symbol FAF on Toronto (Shares outstanding: 119.3 million; Market cap: $145.2 million; www.fireandflower.com), is a Canadian-based licensed cannabis and accessories retailer in Alberta, Saskatchewan, Manitoba and the Yukon. It’s also a consultant and licensor to Fire & Flower-branded retail locations in the province of Ontario. The company aims to offer what it believes is education-focused, best-in-class retailing while its Hifyre digital platform connects consumers with cannabis products. The company aims to continue to expand by acquiring small retailers. It recently agreed to pay Cannabis Cowboy Inc. $5.7 million for eight proposed cannabis retail stores under development in the province of Alberta. Those locations are at various stages of development, including two fully built stores and a third requiring minimal construction to be completed prior to licensing. Following the acquisition, Fire & Flower will oversee the remaining construction, and will work to obtain cannabis retail store licences for each location. All the stores, other than one location,…

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