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Inner Spirit Holdings Ltd (OTCMKTS: INSHF) Announces Shareholder Approval of Arrangement with Sundial Growers



Inner Spirit Holdings Ltd (OTCMKTS: INSHF) thrives on breaking norms and embracing the unexpected so long as it offers life-changing experiences. The company explores every opportunity to inspire and support the people and the communities we serve. The first Canadian retail cannabis company to obtain Canadian Franchise Association membership is an established 80-plus recreational cannabis stores institution. All these operate under its Spiritleaf brand, which integrates franchised and corporate-owned locations. 

Under the leadership of obsessive advocates for cannabis, Spiritleaf aims to offer a premium consumer experience and quality curated cannabis products. All this is being done with an entrepreneurial spirit and building deep and lasting ties. To push this through, the company has confirmed the shareholder’s approval of the plan of arrangement with Sundial Growers Inc. The approval required at least two-thirds of the votes cast by Shareholders and a simple majority of the votes cast by Shareholders on the resolution. 

Sundial Is the Ideal Company to Support the Future of Spiritleaf Retail Cannabis Brand

Spiritleaf’s franchised and corporate stores served 2.3 million guests in 2020. On April 28, 2021, it opened its 86th store in Edmonton, Alberta. And the plan is to exceed the 100-store milestone in the summer of 2021. The licensed producer that crafts cannabis is becoming more robust and diverse by the day. Given the growth ambitions demonstrated by Sundial, Darren Bondar is assertive that it is the best company to walk Spirit lead retail cannabis brand into its future success. 

The CEO of Inner Spirit says, “…the Sundial team has shown a strong commitment to our management team, franchise partners and employees… The combination will enable us to further expand our position as the country’s leading retail cannabis brand….” 

And having become Canada’s largest single brand retailer, Spiritleaf operates in British Columbia, Ontario, Saskatchewan, Alberta, Newfoundland, and Labrador. And with 20 years of franchising and retailing experience in the retail cannabis market, Inner Spirit enjoys pleasant moments of continuous success.

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