Canada’s largest pharmacy chain has just entered into a partnership that could see the retailer selling medical marijuana online across the country.
Shoppers Drug Mart has a retail footprint of over 1,200 stores in the Great White North and it’s no secret the company has been looking to enter the cannabis sector for some time. Their aspirations started in October 2016 when Shoppers applied to become a licensed producer (LP) of cannabis for the sole purpose of marijuana distribution.
The most recent efforts by the retailer come from a supply agreement that has been linked with Aphria, one of Canada’s largest LPs. If Health Canada approves Shoppers request to be an LP, the drugstore will commit to purchasing a predetermined amount of medicinal cannabis from Aphria annually, for five years.
In the deal, Aphria would supply the retailer with dried cannabis and a selection of oils, which would be sold online.
Shoppers Drug Mart is owned by Loblaw Companies Ltd, Canada’s largest food distributor. The drugstore recently caught attention while headhunting for a medical marijuana brand manager to lead the charge in the rapidly expanding space. In March of this year, Loblaw Companies Ltd. announced medical cannabis will be included in the corporation’s health insurance coverage for its estimated 45,000 employees.
The partnership with Aphria is not exclusive, in that Shoppers is free to pursue similar agreements with other licensed marijuana cultivators.
Photo courtesy of Open Grid Scheduler