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Pegasus Mercantile ( (TSE:LOAN) ) has provided an update.
Pegasus Mercantile Inc. has announced its acquisition of the Independent Retailers Alliance Inc., a significant move aimed at bolstering the position of independent cannabis dispensaries in Canada. This acquisition is expected to enhance the buying power and resources of independent cannabis stores, allowing them to compete more effectively against larger chains and illegal markets. The Alliance plans to expand its network from 75 to over 150 stores in Ontario by 2026, with aspirations to extend its reach across Western Canada, thereby creating a unified national platform for independent retailers.
More about Pegasus Mercantile
Pegasus Mercantile Inc. is a prospect generator that supports high growth companies with technology, financial, operational, and management assistance in the expanding market for global wellness products and novel consumer goods and services.
YTD Price Performance: -63.09%
Average Trading Volume: 5,832
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$639.7K
For a thorough assessment of LOAN stock, go to TipRanks’ Stock Analysis page.