The document discusses how convenience store giant Circle K could begin selling cannabis through its partnership with Canadian cannabis retailer Fire & Flower. International convenience store operator Couche-Tard plans to increase its stake in Fire & Flower to 35% by exercising warrants. This would allow Fire & Flower to potentially open new stores near Circle K locations in Canada. Couche-Tard has positioned itself as a strategic cannabis investor in North America through its relationship with Fire & Flower.

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CIRCLE K SELLING CANNABIS FIRE AND FLOWER
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Gas, Ice, Chips, and Weed - Convenience
Store Giant Circle K Could Be Selling
Cannabis Through Fire & Flower in the
Near Future
Circle K stores may be first American-based convenience stores to sell weed when the time is right!
Posted by:
Nanci Chi-Town, today at 12:00am
International cannabis venture investor Couche-Tard, recently disclosed its plans to increase its holdings in Fire &
Flower, Canadian-based cannabis detailing giant. As of December 2021, Couche-Tard owned about 20 to 21 percent
shares of the Canadian company, yet it aspires to acquire more—up to 35% in the coming weeks.

3. 5/11/22, 7:21 AM Gas, Ice, Chips, and Weed - Convenience Store Giant Circle K Could Be Selling Cannabis Through Fire & Flower in the Near Future
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Couche-Tard, a prominent multinational convenience store operator, has been keen on becoming a top name among
cannabis-related investors globally. Its resilience can be observed in its quick procurement of substantial shares in
Canada's major cannabis retailer. This announcement suggests that before the end of the second quarter of the year,
Couche-Tard could own as many as 8.2 million Fire & Flower shares. This intending exchange would play out once the
Circle K convenience stores exercise their warrants.
Information on the Intending Acquisition
As mentioned earlier, Couche-Tard intends to buy these shares by flexing their warrants as soon as Fire & Flower's
annual earnings are released and published in a few days. Once the acquisition goes through, the Quebec-based
convenience store giant would have increased its initial stake by at least 11%. From 14.5% to 35%. In fact, that's more
than double the amount of its existing shares.
Different news release pegs the company's total amount of Fire and Flower shares at 21.5% of the total amount. They
claim the information was let out thanks to a regulatory filing sometime ago.
Who is Couche-Tard?
Alimentation Couche-Tard Inc. is a prominent name in the North American convenience and fuel retail scene. The giant
corporation operates in more than 20 countries and territories. With more than 14,000 physical stores situated in
strategic locations worldwide, Couche-Tard Inc offers approximately 10,800 areas with road transport fuel.

4. 5/11/22, 7:21 AM Gas, Ice, Chips, and Weed - Convenience Store Giant Circle K Could Be Selling Cannabis Through Fire & Flower in the Near Future
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Alimentation Couche-Tard has an easily noticeable trademark. It is identifiable because it can be found outside some of
the biggest independent convenience stores in the U.S. its daughter company, Circle K is another popular venture in the
states. The parent company is one of the leading forces in the convenience store industry and road transport fuel retail
market in Scandinavia, the Baltics, Ireland, and Canada. Poland and Hong Kong SAR are two other locations that feel the
company's presence.
Today, Alimentation Couche-Tard employs over 120,000 people across its vast network. The company's quarterly
consolidated financial statement may be released in a few days. You can access this information on
https://corpo.couche‑tard.com.
Fire & Flower

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Fire & Flower is one of Canada's leading cannabis retailers. The company is one of the first few to settle into Canada's
cannabis-friendly market.
Fire & Flower is highly respected for its use of a central, tech-powered operations system. The cannabis retail giant has
at least 100 corporate-owned stores in different country regions. The company often capitalizes on its tech-developed
sister company, Hifyre, to push its retail operations to newer heights. With this, there's an added independent high-
margin revenue stream.
Fire & Flower adeptly guides its customers (https://cannabis.net/blog/opinion/apple-just-ended-the-marijuana-industry-
as-you-know-it-tech-and-traffic-are-now-more-valuable-t) through the new, sometimes complex, cannabis ecosystem. It
achieves this through proper retail practices and educational materials. At the same time, the Hifyre digital retail and
analytics platform regularly empowers small-scale retailers with the means to optimize their connections with
prospective, new, and existing consumers.
The Canadian-based company has an efficient executive team that strives to combine years of experience from the
logistics, retail and technological industries to elevate their cannabis-based business. Some of the brands owned and
operated by the Fire & Flower's multi-banner cannabis retail operations include Friendly Stranger, Happy Dayz, and
Hotbox brands. Fire & Flower Holdings corporation legally owns all its issued and outstanding shares. A few of the
company's retail stores can be found in the provinces of Alberta, British Columbia, Ontario, Saskatchewan, Yukon
Territory, and Manitoba.
More Details on the Deal
Alimentation Couche-Tard has successfully positioned itself as a strategic investor in the North American cannabis
space. The company has plans to expand its operations to other companies and territories, specifically the United
States. It plans to use its strategic licensing agreement with the US branch of Fire & Flower to expand into the country. It
is still unclear whether or not the company would hold on until progressive changes are introduced to the federal
cannabis regulatory regime.
Fire Holdings confirmed some days ago that it is aware of Alimentation Couche-Tard Inc's intention to purchase over 8
million of its common shares.

6. 5/11/22, 7:21 AM Gas, Ice, Chips, and Weed - Convenience Store Giant Circle K Could Be Selling Cannabis Through Fire & Flower in the Near Future
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Couche-Tard's subtle entry into the cannabis market can be traced to July 2019. At that time, the company announced
its mandate to provide Fire & Flower with funds to support its expansion plans. In 2019, the ACT invested an estimated
amount of $26 million in Fire & Flower. In turn, it received about 9.9% of its total shares. A considerable bulk of the
Couche-Tard investment has gone into opening up more corporate stores for the network. The upcoming investment
may also be used for the same purpose.
Fire & Flower's team says it would continue to build on its operational union with the ACT. Once more funding is
received, Fire and Flower cannabis retail stores plan to open new stores close to existing Circle K stores in relatively new
markets in Canada. A few weeks ago, Fire & Flower disclosed that one of its fully-owned daughter companies, Open
Fields Distribution, just attained a one-year cannabis distribution agreement with Manitoba's liquor and lotteries
department. In other words, Open Fields Distribution would begin to offer distribution of adult-use cannabis items
from registered producers to licensed retailers within Manitoba. Additionally, Open Fields also serves areas within and
around Saskatchewan.
Bottom Line
More information will be revealed in the coming days once Alimentation Couche-Tard exercises its warrants. The total
exercise price for this shares Acquisition will be determined based on the average cost of Fire and Flower's command
shares calculated over the duration of 20 days.
According to the Series B warrant certificate, all the Series B warrant exercise prices must not exceed $18.75 per share,
while the minimum price is $4.77. To access Fire & Flower's fourth quarter and fiscal year 2021 financial statements, log
onto the company's website via https://investors.fireandflower.com/.
FIRE & FLOWER BUYS DATA IN CANNABIS SITES, READ MORE...

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APPLE AND FIRE & FLOWER CHANGE THE CANNABIS INDUSTRY FOREVER! (https://cannabis.net/blog/opinion/apple-
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OPINION
Cannabis Anatomy 101 : What are Cannabis Calyxes?

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(https://cannabis.net/blog/opinion/cannabis-anatomy-101-what-are-cannabis-calyxes)
Now that we have a firm understanding of calyxes, let’s take a look at genetics. Some plants have a higher density of calyxes to leaf. Knowing which strains will
produce more calyxes can significantly increase your yield. Strains like True OG, Northern Lights, Lemon Skunk and Master Kush all have amazing Calyx to Leaf
Ratio.

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The survey polled 800 investors on their attitudes regarding cannabis, and they were also asked if they think cannabis stocks are good investments. They found
that 1 in 10 Americans had already invested in cannabis stocks, though 51% said that they didn’t have plans of doing so. Two-third of the participants polled
believed that cannabis should already be made legal federally, but 70% of those polled, aged 18-34 support its legalization. Meanwhile, those 65 and up were…