CSE: ISH

INNER SPIRIT HOLDINGS SURPASSES $100 MILLION IN SYSTEM-WIDE SALES IN 2020 AND KEEPS GROWING

January 18, 2021

Darren Bondar

Founder, President & CEOInner Spirit Holdings/Spiritleaf

Interview conducted by:Bud Wayne, Editorial Executive

CEOCFO Magazine

Published – January 18, 2021

CEOCFO: Mr. Bondar, recently you put out a press release announcing that you had surpassed $100 million system-wide retail sales milestone in 2020 through the Spiritleaf cannabis retail store network. That is quite an accomplishment! How do you account for that?

Mr. Bondar: We are always excited to share our business performance with all of our stakeholders and shareholders. 2020 was certainly a pivotal year for Spiritleaf and Inner Spirit Holdings. In a relative new industry and in the midst of a pandemic, we grew from some 40 stores to start 2020 to having just opened our 70th store. That growth included entering the Atlantic Canada market to make us truly a coast-to-coast retailer with operations in B.C., Alberta, Saskatchewan, Ontario, and Newfoundland and Labrador. The past year has been marked by store openings, significant same-store growth, and Cannabis 2.0 products being introduced to the market. Those new products included edibles, beverages and vape products which brought in many new customers. We’re also attracting a lot of legacy customers to shop with us too, so it’s really a perfect storm for our company as we’re able to continue to grow and achieve major milestones.

Read the full interview here.