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.
I’d think the standalone stores stand a chance of conversion but mall operators may not want a mall store to offer pot. Unless of course part of the mall has condo/apartment residential complex, then who knows?
Second cup not making money off coffee and donuts; instead, go into the pot business.
Second cup trying to make money. What does Smartcanucks think about Target leaving Canada. Think it’s an anniversary date this week of Target leaving Canada