CALGARY, AB – Inner Spirit Holdings Ltd. (“Inner Spirit” or the “Company”) (CSE: ISH), a Canadian firm that has established a nationwide community of Spiritleaf retail hashish shops, immediately introduced additional enlargement of the Spiritleaf model into Ontario with retailer openings in Guelph and in Ottawa, the nation’s capital, and into Newfoundland and Labrador with a retailer opening in St. John’s. The St. John’s retailer marks the 50th retailer in Canada, making the Spiritleaf model the biggest within the nation by retailer depend. Additional retailer openings anticipated within the Toronto market this week embrace Don Mills on June 24, Little Italy on June 25 and Bloor West Village on June 27. Please go to https://spiritleaf.ca/ for retailer info and for particulars on Spiritleaf’s Select & Collect service which allows clients to pre-shop and order on-line previous to pick-up.

“It’s so satisfying to be putting roots down into these new communities and to deliver a premium retail cannabis experience to customers that’s enabled through our passionate and deeply invested local franchise owners. Spiritleaf’s people are doing such a wonderful job of expanding the company and entering new markets and communities, and we truly appreciate the warm welcomes we’re receiving from our neighbours and guests,” stated Darren Bondar, President and CEO of Inner Spirit.

In recognition of the milestone and of the efforts by lots of those that have contributed, the Company has granted an mixture of 5,905,000 inventory choices (“Options”), efficient June 19, 2020, to sure administrators, officers, workers and consultants in accordance with the Company’s inventory choice plan. Each Option is exercisable into one widespread share within the Company (“Share”) at a worth of $0.16 per Share for a interval of 5 years from the date of grant. This is a normal-course grant that includes a part of the long-term compensation and worker retention incentives supplied by the Company. One quarter of the Options vested instantly, and one quarter of the Options will vest on every of the primary, second and third anniversaries of the issuance date.

The Company additionally famous additional enlargement exercise with greater than 30 new shops throughout Canada in varied phases of growth. To have fun the breadth of its operations, the Company has unveiled a Spirit Bus Tour to unfold peace, love and concord throughout the nation this summer season. This digital bus tour will roll throughout Canada making “stops” at every Spiritleaf retailer. Please go to https://spiritbustour.ca/ticket-please/ for particulars. Spiritleaf Collective members can have entry to unique promotions and particular version competition swag. Bus tickets can be found in-store or by electronic mail or textual content for members of The Collective. Those taken with becoming a member of with the 50,000-plus members of The Collective buyer advantages program can achieve this by visiting any Spiritleaf retailer and no buy is required.

The Spiritleaf retail hashish retailer community now consists of 50 franchised and corporate-owned shops working in Alberta, British Columbia, Saskatchewan, Ontario, and Newfoundland and Labrador. Due to the COVID-19 pandemic, Spiritleaf shops are working with enhanced customer support processes to make sure the protection of workers and clients. Spiritleaf’s Select & Collect service allows clients to pre-shop and order on-line previous to pick-up. Customers can even join with their native Spiritleaf retailer by way of The Collective buyer advantages program to additional streamline and individualize the procuring expertise. 


About Inner Spirit Holdings
Inner Spirit Holdings Ltd. (CSE:ISH) is a franchisor and operator of Spiritleaf leisure hashish shops throughout Canada. The Spiritleaf community consists of franchised and company places, all operated with an entrepreneurial spirit and with the purpose of making deep and lasting ties inside native communities. Spiritleaf goals to be probably the most educated and trusted supply of leisure hashish by providing a premium shopper expertise and high quality curated hashish merchandise. The Company is led by passionate advocates for hashish who’ve years of retail, franchise and shopper advertising expertise. Spiritleaf holds a Franchisees’ Choice Designation from the Canadian Franchise Association for its award-winning nationwide assist centre. The Company’s key trade companions and traders embrace Auxly Cannabis Group Inc. (TSX.V:XLY), HEXO Corp (TSX:HEXO), Tilray, Inc. (NASDAQ:TLRY) and Prairie Merchant Corporation. Learn extra at https://innerspiritholdings.com/ and https://spiritleaf.ca/.

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