A cannabis shop in downtown Kelowna has been sold before it even opens.
Grasshopper Cannabis, which fought last year to set up shop at 1650 Pandosy St., has sold its assets to Vancouver’s Kiaro Holdings for $695,000. The deal is expected to be completed on March 15.
Kiaro will then submit its licence application to the provincial government at its earliest opportunity and is hoping to open this summer at the corner of Pandosy and Leon Avenue.
“Kiaro is pleased to be a part of the ongoing growth of downtown Kelowna,” Kiaro CEO Daniel Petrov said in a press release. “Through its ongoing commitment to communities where we operate, Kiaro intends to build long-term relationships to support the growth and vibrancy of Kelowna.”
Grasshopper was able to receive council approval for its store in 2019 even though it was within 500 metres of another cannabis store in downtown Kelowna.
Kiaro currently has seven locations in B.C and Saskatchewan.
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