Cannabis Professional’s daily roundup of industry news. View archive here.
A slow morning in Cannabis world, but we have Valens GroWorks entering into a white-label deal with Iconic Brewing, and retailers Choom and High Tide opening new stores in Alberta.
– Rob Gilroy
Valens signs white-label deal with Iconic Brewing
Valens GroWorks Corp. announced Thursday it has entered into a five-year white-label contract with Iconic Brewing for infused beverages.
Kelowna, B.C.-based Valens said it will provide extracts and formulation services for Iconic's infused beverages. Iconic will brand and market the final product across Canada. The companies say a minimum of 2.5 million cannabis infused beverages will be produced over five years with the opportunity to expand on the partnership with new product offerings in the near future. Iconic Brewing Company is headquartered in Toronto. Its brands to launch will include Summit, a THC forward line of products, Basecamp, a CBD-only line of products, and Counting Sheep, a line of products to be added to the nighttime routine.
Choom, High Tide, Westleaf to open Alberta locations
Retailer Choom announced today that an Alberta provincially approved cannabis retail licensee is opening a cannabis retail store in Drumheller under the Choom brand. The new store is located at 115 2nd Street W, Brooks, Alberta. Calgary-based High Tide, meanwhile, said today it has leased a 2,160 square foot retail space located in Banff, Alberta. It says the location is subject to approval by Parks Canada but is authorized for a retail cannabis store by the municipal development permit in hand. Calgary-based Westleaf Inc., meanwhile, says it will open its first retail cannabis location in Alberta on Sept. 14. Its store, called Prairie Records, will host “musically-infused activities” and a performance by local musician DJ Sonidef. “We believe based on our experience in Saskatchewan that our brand is going to be a winner and differentiate our retail experience from all others,” said Adam Coates, chief commercial officer at Westleaf.