Vancouver, British Columbia, Jan. 06, 2020 (GLOBE NEWSWIRE) -- PRESS RELEASE -- Hobo Cannabis Company has announced three new retail locations in Ontario by way of service agreements with licensees from the province’s second lottery allocation. Launching two Hobo stores in Ottawa and one in Timmins, the company is poised to dramatically increase its Ontario footprint. Hobo’s first Ontario retail location in Centretown, Ottawa (391 Bank Street) is currently one of Ontario’s top-performing retail stores, having surpassed 230,000 transactions and a record-breaking $9.7 million in net sales in its first six months of operation.
“Our group couldn’t be more excited about expanding in Ontario, especially after the successful launch of our very first Hobo location in Ottawa this Spring. This is in addition to the many great pubs, cocktail clubs and barbershops we’ve opened in Toronto over the last four years,” said Harrison Stoker, VP Brand at Donnelly Group.
Hobo’s three new retail locations in Ontario include:
- ByWard Market, Ottawa — 121 Clarence St.
- Merivale, Nepean, Ottawa — 1642 Merivale Rd.
- Mountjoy, Timmins — 993 Riverside Dr.
“We’re entering into smart, long-term relationships with operators who understand our relentless focus on the customer experience and its subsequent profitability, versus driving shareholder value through acquisition-style deals as was seen in this second allocation,” added Stoker.
Once open, these new retail locations will expand Hobo’s presence to eight stores nationwide. This announcement follows the ongoing construction of four additional stores across Canada, including Vancouver’s Robson Street, Lethbridge Downtown, Calgary Mission and Edmonton Garneau.