Canada is expected to make marijuana legal recreational later this year and Second Cup, a popular coffee chain in Canada, is ready to reap the potential rewards.

Canadian newspaper The Globe and Mail has reported that Second Cup has signed a deal with a medical marijuana consulting company called National Access Cannabis (NAC) to develop recreational weed stores.

Second Cup has over 300 locations throughout Canada and wants to covert some of the company’s stores into weed dispensaries said the newspaper.

“This stra­tegic re­la­tion­ship pro­vides Se­cond Cup with a great op­por­tun­ity to lever­age our se­lect real es­tate assets to in­crease value for share­hold­ers and fran­chis­ee part­ners,” Se­cond Cup CEO Gar­ry Mac­don­ald said to The Globe and Mail.

According to NAC CEO Mark Goliger the agreement “al­lows us to quick­ly ex­pand our foot­print in prov­en high-traf­fic re­tail lo­ca­tions across Canada,” according to the paper.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Many Marijuana Extracts Are Not Accurately Labeled According to Researchers
08 November 2017
Breakthru Beverage Group to Invest $9.2 Million in a Marijuana Company
10 September 2018
Oregon Has Too Much Marijuana While Colorado is Meeting Demand
04 August 2018