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Circle K Owner Expands Further Into Pot With Retail Investment

  • Couche-Tard to spend as much as $289 million under agreement
  • Fire & Flower has 23 stores and wholesale distribution unit
Product cards on display at the Fire & Flower cannabis shop in Ottawa.

Product cards on display at the Fire & Flower cannabis shop in Ottawa.

Photographer: David Kawai/Bloomberg
Updated on

Convenience-store giant Alimentation Couche-Tard Inc. is extending its footprint in the Canadian marijuana market.

The owner of Circle K stores on Tuesday announced an investment in Fire & Flower Holdings Corp., an Alberta-based retailer with 23 cannabis stores and a wholesale distribution unit.