Business

Canopy Growth to partner with Quebec retailer to open pot shop in London, Ont.

Cannabis company Canopy Growth Corp. says it's teaming up with Quebec retail giant Alimentation Couche-Tard Inc. to support a privately run pot shop in London, Ont. Private brick-and-mortar shops are set to open April 1.

Currently legal weed can only be purchased on line but private brick-and-mortar shops open April 1

A Couche-Tard convenience store is shown in Montreal on October 5, 2012. Pot company Canopy Growth and the Quebec retail giant will partner on a pot shop in London, Ont., when private bricks-and-mortar cannabis shops roll out April 1. (Graham Hughes/Canadian Press)

Cannabis company Canopy Growth Corp. says it's teaming up with Quebec retail giant Alimentation Couche-Tard Inc. to support a privately run pot shop in London, Ont.

In a news release Thursday, Canopy says the two companies plan to form a multi-year strategic partnership involving a new cannabis outlet set to open in the city in April.

Currently, the only place to buy legal recreational weed in Ontario is through a government-run online outlet, the Ontario Cannabis Store, but private brick-and-mortar shops are set to open April 1.

The provincial agency responsible for regulating those stores, the Alcohol and Gaming Commission of Ontario, held a lottery last month to choose the entities that could apply for the initial 25 retail licences.

Canopy and Couche-Tard say they have entered into a trademark licence agreement with one of the winners of that lottery to open a store under Canopy's Tweed brand.

The companies say the lottery winner will continue to have "full ownership and control over the London store."

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