CAPITAL: Circle K
Circle K’s owners’ officially have hands in the cannabis industry Alimentation Couche-Tard (ACT) Inc., the owner of Circle K convenience stores, is financing an $11 million principal loan to Fire & Flower Holdings Corp. - a cannabis retail company with operations in the U.S. and Canada. Included in the deal is a stock purchasing agreement,
where ACT will obtain $5 million worth of common shares of Fire & Flower.
“The company will prudently use this capital to continue to grow the business and build upon the recent success we have seen through improvements in our retail, wholesale and logistics, and digital business segments,” said CEO of Fire & Flower, Stéphane Trudel.