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CordovaCann acquires majority stake of Ontario Inc.

CordovaCann to acquire a majority stake of Ontario Inc., an Ontario-based cannabis retail venture, for C$723K.

"We are excited about the opportunity to expand our portfolio of retail locations in Canada under the Starbuds brand, and Ontario is a very attractive market given that it is in the early stages of rolling out cannabis stores. We anticipate that the first five stores will generate cash flow quickly, and we look forward to opening many more locations in Ontario in the future."
Taz Turner, Chairman and CEO of Cordova

Under the Starbuds brand Cordova will be able to begin opening stores in Ontario and will be able to apply to open a total of 75 stores in the growing cannabis market in the province over the next year and a half.


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