Major Canadian cannabis retailer Fire & Flower Holdings is making moves into the United States, licensing its model and expertise to American Acres Managers, a personal Canadian agency with marijuana retail ambitions in Arizona, California and Nevada.

“The strategic agreements provide Fire & Flower with a discounted path to corporately-owned cannabis retail stores in major markets in the United States,” Fire & Flower famous in a information launch issued Monday morning.

Under phrases of the deal, Fire & Flower will license its eponymous retailer model to American Acres together with its retailer working system and its Hifyre digital platform “on a royalty-free basis.”

The settlement additionally contains an acquisition possibility that might permit Fire & Flower to accumulate American Acres “at a discount to fair market value.”

According to Fire & Flower’s launch, “the acquisition is expected to occur upon the federal legalization of adult-use cannabis in the United States or when otherwise permitted by the policies of the Toronto Stock Exchange or any other stock exchange on which the company’s securities are listed for trading.”

The launch provided scant particulars about American Acres, whose website lists a Palm Springs, California, retail retailer known as 420 Oasis beneath “projects” however provides no details about American Acres’ relationship to that outlet.

In its launch, Fire & Flower stated the corporate’s first branded retailer within the U.S. would open in Palm Springs in the course of the first half of its fiscal 2021 12 months.

Fire & Flower just lately introduced plans to record on the Nasdaq trade, saying {that a} U.S. inventory itemizing would assist appeal to buyers for its deliberate worldwide enlargement.

Shares of Fire & Flower commerce on the Toronto Stock Exchange as FAF.

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