Monday , September 20 2021

Pete Pete, WeedMD's effort to create a pot of retail franchises

Pete Peet has more than 225 seats in Canada, including those at Richmond Row in London. The company is co-operating with WeedMD, a marijuana manufacturer in London, to create the Pioneer Cannabis corporation. The newly established company will provide advice to clients who wish to open a retail trade in marijuana. DALE CARRUTHERS / LONDON FREE PRESS

The Southwestern Onyx Marijuana Producer and the Fast Food Network are united to open franchises throughout Canada through an agreement on a second partnership between the Canadian company and cannabis.

WeedMD, a licensed pot maker with operations in Strathroy and Aylmer, and Pita Pit Canada, a franchise from more than 600 locations around the world, launched Pioneer Cannabis Corp.

"This is a very effective partnership with capital, through which we use our individual experience in the area of ​​cannabis," said Kedi Mercer, chief executive officer of WeedMD.

Pioneer Cannabis will help clients open and manage marijuana retail outlets through such services as location identification, filing a license application, security advisory, merchandising, payment systems, marketing and training.

"Pete Peet has a long history of success in franchising and retail environments," Merker said. – They have a huge network. . . as a franchisee, as well as landlords and suppliers. "

WeedMD will hold 9.9% of the shares of Pioneer Cannabis in provinces such as Ontario, one of the six provinces to allow private retailers – where licensed manufacturers have restrictions on the possession of less than 10% of dispensaries.

"Pioneer provides those entrepreneurs who are interested in joining the cannabis industry, but may not have the financial support or experience to open their own cannabis retailer," said Pioneer Cannabis President Cristi Smith, former executive director of Pita Pit, the statement said.

"Thanks to this partnership of Canadian companies, we are setting the way for small businesses to participate in the new retail cannabis that will boost economic growth and opportunities at the local level."

Company news came on the same day that Ontario announced 25 people and companies that will have the chance to apply for one of the first cannabis retail licenses.

Seventeen of the 25 winners are the only entrepreneurs, offering services such as Pioneer Cannabis may be in demand as these entrepreneurs are taking part in opening stores until April and avoiding large fines. Operators who did not open April 1 receive a fine of $ 12,500, and those who still do not work at the end of the month should pay $ 50,000.

But Mercer says that Pioneer Cannabis is not actively winning the lottery winners, as some marijuana companies did after days after the announcement of the Ontario Alcohol and Gaming Commission, provincial retailer.

"We try to play a longer game. . . against the release and spending of millions of dollars to land one of these winners of the lottery, "he said.

Founded in Kingston in 1995, Pete Pitt has over 225 seats across Canada, including three in London.

However, there is no plan to turn any of the snackbars into a cannabis retailer, added Merker.

Last year, the Canadian Second Caucus Network entered into a partnership with National Access Cannabis (NAC), a company operating in Marijuana Medical Clinics all over the country, and 20 dispensaries in Manitoba and Alberta, with plans to turn some Ontario cuisine into a bank.

But these plans were disrupted last month after the government of the progressive conservatives announced that in April only 25 retail licenses for brick and mortar stores would be issued, changing the promise of unlimited licenses.

NAC has been among more than 17,000 AGCO lottery entrants but has not been selected.

More retail licenses for Ontario will be issued in December, although no other details were provided.

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