Canada Prepares for
420: Canadian #Cannabis Companies Establishing an Online Presence (TSXV: $WL.V)
(TSXV: $FAF.V) (TSXV: $OGI.V) (TSXV: $VIVO.V)
Point Roberts WA,
Delta BC – April 4, 2019 - Investorideas.com, a leading investor
news resource covering hemp and cannabis stocks concludes our two part series looking at the Canadian
cannabis landscape and the numerous companies ensuring not only a brick and
mortar footprint, but also creating a significant online e-commerce presence as
well.
With the many supply
shortages the Canadian cannabis market has faced since legalization last year,
having the store’s menus and the capability of reserving products online for
pickup just might be the way for Canadian cannabis consumers to beat the low
inventory situation. Grab, a new legal cannabis app based in Canada, is set to launch in the Alberta and
Ontario markets this April. The developers of the app performed extensive
research which showed that many Canadians want the convenience of shopping
Canada's best cannabis stores from the comfort of their own homes. They also noted
that 90% of the cannabis consumers surveyed would like to have the option to
reserve their favourite products for in-store pickup using a mobile app.
Apps like this can be
expected to pop up more frequently as the Canadian cannabis market expands and
many retail companies are paying close attention to this and are ensuring a
proper online presence to compliment their retail footprint.
Westleaf Inc. (TSX-V: WL) (OTCQB: WSLFF), set to become one of Canada’s largest
premium cannabis retailers, recently announced that it has launched its
e-commerce site for sales across the entire province of Saskatchewan. The
retail site at www.prairierecords.ca provides consumers in the province, convenient online
access to a wide variety of products through the unique Prairie Records retail concept, which combines
music and cannabis in an engaging online experience.
Read
this in full at https://www.investorideas.com/news/2019/cannabis/04041Stocks-420.asp
"The
launch of online retail is an important next step in rolling out the Prairie
Records brand across Saskatchewan and the rest of Western Canada over the
coming months," said Scott Hurd, President and CEO of Westleaf. "The
province of Saskatchewan has proven to be a positive regulatory environment to
launch our retail operations and we are pleased it is the first jurisdiction
with a Prairie Records online presence."
"By
extending the Prairie Records brand across Saskatchewan, we will continue to
build awareness around the unique retail experience both in-store and online,
which we believe will help build a strong customer base," said Adam
Coates, Chief Commercial Officer at Westleaf.
Fire & Flower Holdings Corp. (TSXV: FAF) (OTC:FFLWF), recently announced the successful first month
operation of its cannabis Click & Collect service.
The
Click & Collect service allows age-verified adult-use cannabis consumers to
reserve cannabis and accessory products for pickup at stores across the
provinces of Alberta and Saskatchewan. The service was launched as part of the
Company's mission to curate the world of cannabis for its customers who seek a
more convenient and informative buying experience. Certain cannabis products
sell out rapidly, and the Click & Collect service ensures customers are
able to reserve high-demand products and receive priority service when visiting
a store.
"The
Click & Collect service has been adopted very favourably, particularly by
our loyal customers using mobile devices," shared Trevor Fencott, Fire
& Flower's Chief Executive Officer. "We are seeing rapid and
continuous growth in use of our Click & Collect service across the entire
Fire & Flower retail network."
Organigram Holdings Inc. (TSXV: OGI) (OTC: OGRMF), the parent company of Organigram
Inc., a leading licensed producer of cannabis is also taking full advantage of
online capabilities, having announced the release of a
cross-platform, patient-focused mobile application.
The
Application is designed to offer patients greater convenience in optimizing
their medication regimen and stay up-to-date on products, programs and company
news. Through this new Application, registered patients are able to: order
medical cannabis products and accessories, manage their patient profile, view
past orders and order limits, read the latest Organigram news and press
releases and communicate with Client Care representatives.
"When
it comes to managing their medication, patients have indicated to us that
convenience and ease are important to them. This new tool gives patients
greater ease of control over their wellness plans," says Organigram CEO,
Greg Engel.
VIVO
Cannabis Inc. (TSX-V: VIVO) (OTCQX: VVCIF), through its wholly-owned
subsidiary, Canna Farms Limited, has also announced the launch of their own online
resource with Canna Farms' integrated online medical cannabis website.
"Canna Farms' integrated online store will cater to
discerning medical cannabis consumers," said Daniel Laflamme, President of
Canna Farms. "In addition to offering award-winning Canna Farms and Beacon
Medical brands, the site will serve as a marketplace for products from other
licensed producers who share VIVO's commitment to delivering premium products
and services focused on health and wellness."
The fact that so many cannabis sales companies are combining
brick and mortar and online “grab and go” options falls in line with current
global retail trends. Gone are the days of “just online” or “just retail” sales
and we see this strongly evidenced with large scale companies like Walmart and
Amazon, the online retailer who has now begun opening brick and mortar stores.
As Canada readies itself for 420, companies merging the digital and physical
sides of their business will certainly stand a higher chance of success at
capturing sales.
Read part one of the series:
For investors
following cannabis stocks, Investor Ideas has created a stock directory of publicly
traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks
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