Vaughan, Ontario–(Newsfile Corp. – November 3, 2021) – Spyder Cannabis Inc. (TSXV: SPDR) (“Spyder” or the “Company”), an established Canadian cannabis and vape retailer, is pleased to announce that its wholly-owned subsidiary, Spyder Cannabis Subco Inc. (“Spyder Subco”), has received Retail Store Authorization (“RSA”) from the Alcohol and Gaming Commission of Ontario (“AGCO”) for its new Offside Cannabis dispensary located at 5719 Victoria Avenue, Niagara Falls, Ontario, L2G 3L5.
The new Offside Cannabis brand was announced last month and is designed and positioned to “deliver a customer-centric operations strategy, and will emphasize providing customers with good value at a reasonable price point,” says Christina Pan, Chief Operating Officer of Spyder.
This latest RSA from the AGCO marks the beginning of the new Offside Cannabis brand rollout, replacing Spyder’s 180 Smoke Vape Store banner at the 5719 Victoria Avenue location, all part of the Company’s organic growth initiatives. Spyder Subco currently has one dispensary in Niagara Falls – 6474 Lundy’s Lane – operating under the SPDR Cannabis banner. This dispensary will also be converted to the new Offside Cannabis branding by year end.
“We expect to apply for three additional RSAs in Hamilton, Ottawa and The Blue Mountains for premises within our existing lease portfolio. This