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.
