. It’s coming close. Really fast. Recently, Mississauga and Markham councils decided it was a big fat “NO” to cannabis. I suspect more municipalities will opt out. But regret they did. I mean, do politicians think that their citizens will not be consuming cannabis, won’t be driving to Scarborough, or Pickering, or Milton, or … you get the picture.
This a “Born in Canada” industry. Producers in their own backyard, some of them employing their local citizens! Aleafia Health Inc. (TSXV: ALEF; OTCQX: ALEAF, FSE: ARAH) for example, has facilities in Scugog and Niagara employing many local residents, and I’m sure more to come as this company expands (and expanding it is, with the recent acquisition of Emblem Corporation). The all-stock deal is worth $173 million that both companies claim will create the largest network of medical cannabis clinics across Canada. Others such as FSD Pharma Inc. (CSE:HUGE; OTCQB:FSDDF; FSE:0K9), who we had the pleasure to interview, have grand plans underway in a range of areas, including acquiring approximately 10% of Huge Shops (who have a strategic alliance with Chairman Brands, the parent company of Coffee Time), for no less than ten future cannabis retail sites, and who knows, perhaps even in their own backyard in Cobourg, Ontario! The investment deal also allows the opportunity for additional sites to be acquired through Chairman Brands companies down the line. Chairman Brands also owns franchises such as The Friendly Greek, Eggsmart, 241 Pizza, and Robin’s Donuts and have a presence in the Middle East and Europe.
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