Earlier in the week, Shiny Health & Wellness Corp. reported that Shiny Bud Inc., a subsidiary of Shiny Health, signed an asset purchase agreement with One Plant (Retail) Corp. for two stores in Ontario. One Plant (Retail) Corp’s two retail locations include a mīhī-branded cannabis retail store in Stoney Creek and a store in Rockland. The estimated purchase price is $1,200,000(Cdn) and the proposed closing is late July 2023. In addition, the company reported that Meris Kott has been added to the Board of Directors of Shiny Heath & Wellness Corp. Ms Kott’s background for over 30 years has been in investment banking and financial consultancy and she is currently the CEO of Global Wellness Strategies Inc., a wellness prospect generator with its’ focus on global wellness, psychedelics, mycology, hemp and CBD, healthcare-related target companies. “I am humbled to join the board with such esteemed directors,” she said. “From my vantage point, Shiny Health has a diversified retail platform strategy with dispensaries and pharmacies, a formidable team with a proven QSR track record, a strong licensee program, plus new funding partners; Shiny Health & Wellness can be considered a dark horse in the cannabis sector.” Company also operates ShinyBud Cannabis Co., a well-established brand in Ontario with 26 corporate stores and 14 licensed stores, located in markets less saturated with cannabis retailers. And in October 2022, the company’s mīhī Health & Wellness component acquired the Cotton Mill Pharmacy in Cornwall in Eastern Ontario and at that time, stated plans of acquiring five to ten pharmacies in Ontario.
ShinyBud Corp., 150 York St., Suite 1008, Toronto, Ontario M5H 3S5 (416/901-7692 www.shinybud.com)