Alimentation Couche-Tard and Canopy Growth to support cannabis retail

Couche-Tard has entered into a multi-year agreement with Canopy Growth Corporation.

Through this partnership, Alimentation Couche-Tard is aiming to lean on Canopy Growth's cannabis expertise and leverage its experience with other age-restricted products to focus on the safe, responsible and lawful sale of cannabis

As two Canadian-made and globally-positioned companies, the London location in Ontario will serve as an important entry to market that could lead to future international opportunities.

"Alimentation Couche-Tard is excited about taking a leadership role in the development of cannabis retailing excellence in this major Canadian market,” said Brian Hannasch, CEO of Couche-Tard.

Located at 1025 Wellington Road in London, the licensed Tweed store is expected to open in April 2019 and will carry softgels, oils, and dried flower products.

The federal Cannabis Act came into effect on 17 October 2018 and made Canada the second country in the world, after Uruguay, to formally legalize the cultivation, possession, acquisition and consumption of cannabis and its by-products.

In 2018, Alimentation Couche-Tard's network comprised 9,943 convenience stores throughout North America, including 8,660 stores with road transportation fuel dispensing.