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Announced

Alimentation Couche-tard invested $26m in Fire & Flower.

Financials

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Transaction Value£20m
Consideration Type-
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Public

Canada

Specialty Retailers

Acquisition

cannabis retailer

Minority

Synopsis

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Alimentation Couche-tard, a Canadian multinational operator of convenience stores, invested $26m in Fire & Flower, a leading independent cannabis retailer based in Edmonton, Alberta. The investment will give the firm a 10% stake. "Couche-Tard is excited to make this strategic investment in one of the fastest growing cannabis 'pure-play' retailers," said Brian Hannasch, President and CEO of Couche‑Tard. "This investment in Fire & Flower, with a path to a controlling stake, will enable us to leverage their leadership, network and advanced digital platform to accelerate our journey in this new and flourishing sector."

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