Meta Growth (TSXV:META) obtained a retail operator licence in Ontario to expand its store presence into the eastern province.
As quoted in the press release:
The Company has publicly expressed its ambition to expand across Ontario with the maximum allowable number of stores, and has already secured various premium retail sites that, if approved and licenced, will soon be Meta Cannabis Co. stores. The retail strategy consists of opening urban and suburban locations to service customers across the province.
There is currently one open and operating Meta Cannabis Co. store in Ontario at 378 Yonge Street, in the heart of downtown Toronto. A second Meta Cannabis Co. location will open on February 28, 2020 in Kitchener, Ontario. Both of these locations are owned and operated by separate Ontario Cannabis Lottery winners with consulting services and brand licensing being provided by Meta Growth through two separate Service Agreements.
“Securing our Cannabis Retail Operator Licence in Ontario is a necessary milestone for our expansion in Ontario,” said Mark Goliger, CEO of Meta Growth.