Reading Time: 2 minutes One of Canada’s biggest convenience store operators is moving ahead on its stated goal of getting into the retail cannabis business. Edmonton-based cannabis retailer Fire + Flower announced Wednesday it has issued a $25.99 million debenture, convertible to a 9.9 per cent ownership stake, to Quebec’s Alimentation Couche-Tard. The Laval-based firm said its planned investment […] Read more
Couche-Tard takes stake in cannabis retailer
Metro plans automated distribution for Ontario
Reading Time: 2 minutes One of Canada’s biggest grocery chains plans to build new hubs to distribute both fresh and frozen foods to its Ontario stores. Quebec-based Metro Inc. said Wednesday it expects to put up $400 million to modernize and automate its Toronto operations between 2018 and 2023, building two new facilities for fresh and frozen food distribution […] Read more
Metro in ‘advanced’ talks to buy Jean Coutu chain
Reading Time: 2 minutes One of Eastern Canada’s major players in the grocery sector is in “advanced discussions” to take up one of the region’s major drugstore chains. Montreal-based Metro Inc. announced Tuesday it’s in “exclusive” talks with the Jean Coutu Group on the possibilities of a cash-and-stock takeover valued in some reports at around $4.5 billion. A non-binding […] Read more
U.S. clears Couche-Tard to buy CST, with conditions
Reading Time: < 1 minute Washington | Reuters — Alimentation Couche-Tard has won U.S. antitrust approval to buy rival CST Brands on condition that it sell up to 71 stores in eight states, the Federal Trade Commission said on Monday. Alimentation Couche-Tard, a major Canada-based chain of convenience stores and gas stations, said in August that it would buy the […] Read more
Couche-Tard to buy Corner Store owner in US$4.4B deal
Reading Time: 2 minutes Reuters — Canadian convenience store operator Alimentation Couche-Tard said on Monday it would buy U.S. convenience store chain CST Brands in a deal valued at about US$4.4 billion, boosting its presence in the southeastern U.S. and Eastern Canada. San Antonio, Texas-based CST is one of the largest publicly traded fuel retailers in North America and […] Read more
Couche-Tard reported in lead to buy Corner Store chain
Reading Time: < 1 minute New York | Reuters –– Convenience store operator Alimentation Couche-Tard is in the lead to acquire U.S.-based convenience store retailer CST Brands, according to two sources familiar with the matter. San Antonio-based CST owns and operates convenience stores and gas stations in Canada and the U.S., and it controls the general partner of gas station […] Read more
A message from April Stewart, Country Guide's Associate Editor
