Quote:
Originally Posted by CoryB
Tokyo Smoke as a whole is operationally in trouble and the moment and trying to save the company. They are currently under creditor protection, closing 29 stores and are in the process to sell off assets and basically sink irrecoverable debt with the current company. Not a surprise to see the Polo start get snuffed out. Sort of wonder if it was CF that maybe pulled the plug on this one.
https://globalnews.ca/news/10765144/...sales-process/ |
It's a bad time to be a cannabis retailer. The market is saturated and lower retail prices still can't compete with the black market. A CRU in the new apt building on Des Meurons has had a "coming soon" sign for a cannabis and vape store for months now. It ain't gonna happen. Like we need another pot shop anyway...
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