#Cannabis Goes Online: E-commerce Presence Continues to Grow in Canada
(TSX-V: $WL.V) (TSXV: $FAF.V) (TSXV: $OGI.V) (TSX-V: $VIVO.V)
Point Roberts, WA and Delta, BC - April 5, 2019
(Investorideas.com Newswire) Investorideas.com, a leading investor news resource
covering hemp and cannabis stocks concludes our two part series looking at the
Canadian cannabis landscape and the numerous companies ensuring not only a
brick and mortar footprint, but also creating a significant online e-commerce
presence as well.
With the many supply shortages the Canadian cannabis
market has faced since legalization last year, having the store's menus and the
capability of reserving products online for pickup just might be the way for
Canadian cannabis consumers to beat the low inventory situation. Grab, a new
legal cannabis app based in Canada, is set to launch in the Alberta and Ontario
markets this April. The developers of the app performed extensive research
which showed that many Canadians want the convenience of shopping Canada's best
cannabis stores from the comfort of their own homes. They also noted that 90%
of the cannabis consumers surveyed would like to have the option to reserve
their favorite products for in-store pickup using a mobile app.
Apps like this can be
expected to pop up more frequently as the Canadian cannabis market expands and
many retail companies are paying close attention to this and are ensuring a
proper online presence to compliment their retail footprint.
Westleaf Inc. (TSX-V: WL) (OTCQB: WSLFF), set
to become one of Canada’s largest premium cannabis retailers, recently announced that it has launched its e-commerce site for sales across
the entire province of Saskatchewan. The retail site at www.prairierecords.ca
provides consumers in the province, convenient online access to a wide variety
of products through the unique Prairie
Records retail concept,
which combines music and cannabis in an engaging online experience.
"The launch of online retail
is an important next step in rolling out the Prairie Records brand across
Saskatchewan and the rest of Western Canada over the coming months," said
Scott Hurd, President and CEO of Westleaf. "The province of Saskatchewan
has proven to be a positive regulatory environment to launch our retail
operations and we are pleased it is the first jurisdiction with a Prairie
Records online presence."
"By extending the Prairie
Records brand across Saskatchewan, we will continue to build awareness around
the unique retail experience both in-store and online, which we believe will
help build a strong customer base," said Adam Coates, Chief Commercial
Officer at Westleaf.
Fire & Flower Holdings Corp. (TSXV: FAF) (OTC:FFLWF), recently announced the successful first month operation of its cannabis
Click & Collect service.
The Click & Collect service
allows age-verified adult-use cannabis consumers to reserve cannabis and
accessory products for pickup at stores across the provinces of Alberta and
Saskatchewan. The service was launched as part of the Company's mission to
curate the world of cannabis for its customers who seek a more convenient and
informative buying experience. Certain cannabis products sell out rapidly, and
the Click & Collect service ensures customers are able to reserve
high-demand products and receive priority service when visiting a store.
"The Click & Collect
service has been adopted very favourably, particularly by our loyal customers
using mobile devices," shared Trevor Fencott, Fire & Flower's Chief
Executive Officer. "We are seeing rapid and continuous growth in use of
our Click & Collect service across the entire Fire & Flower retail
network."
Organigram Holdings Inc. (TSXV: OGI) (OTC: OGRMF), the parent company of Organigram Inc., a leading
licensed producer of cannabis is also taking full advantage of online
capabilities, having announced the release of a cross-platform,
patient-focused mobile application.
The Application is designed to
offer patients greater convenience in optimizing their medication regimen and
stay up-to-date on products, programs and company news. Through this new
Application, registered patients are able to: order medical cannabis products
and accessories, manage their patient profile, view past orders and order
limits, read the latest Organigram news and press releases and communicate with
Client Care representatives.
"When it comes to managing
their medication, patients have indicated to us that convenience and ease are
important to them. This new tool gives patients greater ease of control over
their wellness plans," says Organigram CEO, Greg Engel.
VIVO
Cannabis Inc. (TSX-V: VIVO) (OTCQX: VVCIF), through its wholly-owned subsidiary, Canna Farms
Limited, has also announced the launch of their own online resource with Canna Farms'
integrated online medical cannabis website.
"Canna Farms' integrated online store will cater to
discerning medical cannabis consumers," said Daniel Laflamme, President of
Canna Farms. "In addition to offering award-winning Canna Farms and Beacon
Medical brands, the site will serve as a marketplace for products from other
licensed producers who share VIVO's commitment to delivering premium products
and services focused on health and wellness."
The fact that so many cannabis sales companies are
combining brick and mortar and online “grab and go” options falls in line with
current global retail trends. Gone are the days of “just online” or “just
retail” sales and we see this strongly evidenced with large scale companies
like Walmart and Amazon, the online retailer who has now begun opening brick
and mortar stores. As Canada readies itself for 420, companies merging the
digital and physical sides of their business will certainly stand a higher
chance of success at capturing sales.
Read part one of the series:
For investors
following cannabis stocks, Investor Ideas has created a stock directory of publicly
traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks
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