Second Cup wants to serve up a different kind of buzz by converting some of its coffee shops into cannabis dispensaries.
Second Cup has signed a strategic alliance with marijuana clinic operator National Access Cannabis (NAC) to develop and operate a network of recreational pot stores. The companies say the NAC-branded stores will initially be located across Western Canada, expanding to include additional provinces where legally permissible.
“This strategic relationship provides Second Cup with a great opportunity to leverage our select real estate assets to increase value for shareholders and franchisee partners,” said Second Cup chief executive Garry Macdonald in a statement.
Canada is preparing for the legalization of recreational marijuana later this year but the distribution model for pot differs widely between provinces.