TORONTO, July 29, 2019 /CNW/ - Friendly Stranger Holdings Corp ("FSHC" or the "Company") today announced that it has received investments totalling $5 million from several strategic partners. 48North Cannabis Corp (TSXV:NRTH) ("48North") and VIVO Cannabis Inc. (TSXV:VIVO, OTCQX:VVCIF) ("VIVO") have both made a $1.25 million strategic investment in the Company. Green Acre Capital ("GAC") has committed an additional $2.5 million investment in addition to its original investment in October 2018.

This investment will provide additional capital to help the Company achieve its aggressive growth strategy, including opening additional cannabis culture accessory stores as well as launching premium adult-use cannabis retail locations across the country.
"For 25 years, Friendly Stranger has been a champion for cannabis, devoted to activism, community and culture. Friendly Stranger has always been more than a store. It's a home of vision, advocacy, unity and acceptance. We're on a mission. We want to connect Canadians through cannabis. We want to build a community of togetherness. With the investment from our partners, and the opening of the second Ontario retail lottery, we are able set the stage for many more years of success," said Robin Ellins, Co-founder of Friendly Stranger.
In addition to the financial investment, 48North, VIVO and Friendly Stranger have entered into a preferred partnership agreement pursuant to which, among other things, the parties have agreed to collaborate on obtaining Friendly Stranger's cannabis retail licence(s), conducting in-store events, and leveraging co-branding opportunities.
About Friendly Stranger Holdings Corp:
About VIVO Cannabis™
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SOURCE The Friendly Stranger
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