NetworkNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Highlights $1.25M Strategic Investment in Friendly Stranger Holdings Corp.
Premium cannabis company VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) this morning announced that it has made a $1.25 million strategic investment in Friendly Stranger Holdings Corp., a longstanding retail champion of cannabis culture. Per the update, the investment is intended to facilitate Friendly Stranger’s aggressive cannabis retail expansion plans, including its goal of bringing multiple retail stores to the Canadian market. “VIVO is focused on expanding capacity and increasing production capability to help meet the growing demand for cannabis among recreational users,” Barry Fishman, CEO of VIVO, stated in the news release. “Friendly Stranger has been an iconic brand in the Canadian cannabis sector for more than 25 years and we believe trusted retailers are integral to showcasing our premium family of brands, including Canna Farms, Fireside, and Lumina. We have actively sought strategic partnerships with retailers to establish strong relationships with existing and future leaders in the cannabis industry. We look forward to working with Friendly Stranger to advance their premium adult-use cannabis retail strategy in Ontario and throughout Canada.”
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