TORONTO, Sept. 27, 2022 (GLOBE NEWSWIRE) — As the next chapter in its history of rapid growth, expansion and Canadian market leadership, OEG Retail Cannabis (OEGRC) is acquiring 23 Tweed and Tokyo Smoke stores from Canopy Growth Corporation ( CGC). ) in Manitoba, Saskatchewan and Newfoundland and Labrador. In addition to the retail locations, OEGRC is also acquiring Canopy Growth’s Tokyo Smoke brand as it continues to be a leader in customer experience, product quality, choice, value and loyalty programs.

Upon completion of this acquisition, OEGRC will be the sole owner of the Tokyo Smoke brand and trademark and all tweed retail stores acquired as part of this transaction will be rebranded.

“We believe this is the start of something special for the retail cannabis industry,” said Juergen Schreiber, CEO, OEG Inc. “This acquisition positions OEG Retail Cannabis and the Tokyo Smoke brand as the absolute leaders in Canadian cannabis retail, and we are committed to doing everything we can to become the country’s cannabis industry leader in customer experience for years to come.” , to be product quality and safety is evolving and maturing.”

OEGRC is pleased to welcome all current front-line retail associates from the newly acquired stores to continue to provide a differentiated brand and customer experience.

“OEG Retail Cannabis and Canopy Growth have been partners for many years and we are committed to ensuring a smooth transition for employees and customers at the newly acquired stores as we await final regulatory approval in the coming months.” adds Schreiber. “This agreement is an excellent example of the continued advancement of the Canadian cannabis industry, with each individual organization focusing on its strengths and expertise in Canada. For Canopy Growth, the focus is to drive a leading, premium-focused brand and…