Tokyo Smoke to close 29 stores under restructuring after acquisition by OEG Retail Cannabis.
Cannabis retailer Tokyo Smoke is restructuring its operations, announcing plans to close 29 of its stores. The decision comes under the Companies' Creditors Arrangement Act and follows a recent acquisition by OEG Retail Cannabis. The restructuring aims to realign operations with the evolving cannabis market and regulatory environment. Despite closures, 167 stores across Ontario, Manitoba, Saskatchewan, and Newfoundland and Labrador will remain open.
August 28, 2024
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