EDMONTON, AB, July 10,
2024 /CNW/ - Nova Cannabis Inc. (the
"Company" or "Nova") (TSX: NOVC) today announced the
opening of Value Buds Belmont, in Edmonton, Alberta, which marks the Company's
100th retail location nationwide, and 62nd
store in Alberta. This milestone
follows Nova's recent retail expansion into British Columbia and marks a pivotal step in
its overall growth strategy.
"We are pleased with the growth Nova has achieved this year, and
the 100th store milestone is a testament to the success
of the Value Buds banner," said Nova's Chief Executive Officer,
Marcie Kiziak. "It's a full circle
moment to open our 100th location in the same province
where we opened our first store in 2018. Following the opening of
our 100th store, we are also excited to announce our
third store conversion in Vancouver following the Dutch Love
transaction. We will continue to expand our national footprint into
the key provinces of Alberta,
Ontario and British Columbia, and anticipate further
expansion into the prairie provinces throughout 2024. We will
continue to prioritize high-quality real estate as we expand the
Value Buds brand and deliver on our growth plan."
Subsequent to the 100th store opening, Nova opened
its third Vancouver location,
Value Buds Robson Street. Robson
Street is a vibrant retail hub, located in one of
Vancouver's most iconic areas with
a rich history and cultural significance. In June, the company
completed two additional store conversions in Vancouver, opening its first Value Buds retail
location in British Columbia's
coveted Kitsilano community, followed by the Marpole location near
Granville Street. These openings further highlight the Company's
tactical real estate approach.
To celebrate the 100th store opening, Value Buds
Belmont will host a kick-off event this weekend, running from
July 11 to July 14, 2024, located at
13524 Victoria Trail NW, Edmonton,
Alberta.
Learn more at https://valuebuds.com/ or follow Value Buds
on Instagram at @valuebudscanada, and on X at @value_buds.
ABOUT NOVA CANNABIS INC.
Nova Cannabis Inc. (TSX: NOVC) is one of Canada's largest and fastest-growing cannabis
retailers with a goal of disrupting the cannabis retail market by
offering a wide range of high-quality cannabis products at
every-day best value prices. The Company currently owns and/or
operates 101 locations across British
Columbia, Alberta,
Ontario, and Saskatchewan, primarily under its "Value Buds"
and "Firesale Cannabis" banners. Additional information about Nova
Cannabis Inc. is available at www.sedarplus.ca and the
Company's website at www.novacannabis.ca.
SOURCE Nova Cannabis Inc.
