Spyder Cannabis Inc. (CVE:SPDR) has announced that its wholly-owned subsidiary, Spyder Cannabis Subco Inc. has received final approval from the Alcohol and Gaming Commission of Ontario (AGCO) to open its cannabis dispensary located at 776 Liverpool Rd., Unit 4, Pickering, Ontario, L1W 1S2.
The company noted that Spyder Subco successfully completed its Pre-Store Opening Inspection with the ACGO and has now been granted permission to begin operating its second cannabis dispensary in Ontario under the SPDR Cannabis brand selling recreational cannabis products and consumption accessories.
READ: Spyder Cannabis says subsidiary has won Retail Store Authorization for cannabis dispensary in Pickering, Ontario
In a statement, Dan Pelchovitz, CEO of Spyder Subco, commented: "We are excited to open our Pickering dispensary under the SPDR Cannabis brand to deliver best-in-class customer service and a wide variety of large-format cannabis products for the value seeking customer.
"We are currently targeting its opening on June 25, 2021. This dispensary will be our second retail cannabis storefront in Ontario and we will continue to build out our retail footprint across Ontario in underserved suburban areas in the surrounding GTA."
Spyder is an established cannabis and vape retailer that owns and operates two licensed-dispensaries under the brand SPDR Cannabis in Ontario and Alberta and the vape retail brands 180 Smoke and Spyder Vapes.
180 Smoke is a leading omni-channel Canadian vape retailer with 26 locations across Ontario and a strong e-commerce presence with over 95,000 registered customers. 180 Smoke and Spyder Vapes retail stores sell vape and nicotine-related products, herbal vaporizers and accessories, and other smoking cessation products.
Spyder's vape brands are committed to help adult smokers who seek alternatives to traditional combustible tobacco products.
Contact the author at jon.hopkins@proactiveinvestors.com