Lil Durk ("LilDurk.com" or the "Company"), a retail-focused cannabis company enhanced by the manufacturing of proprietary and licensed consumption accessories, announced today that its Lil Durk's online dispensary has begun selling recreational cannabis products for adult use. This opening represents Lil Durk's first branded retail location across Canada. Lil Durk is a fast-growing online dispensary in the heart of southern Ontario, and the first in Canada which will operate under the Lil Durk brand.
"With the opening of this online dispensary we remain on track to launch several more locations in Ontario in quick succession over the next few months. We are excited to bring our unique one stop shop experience to the residents of Canada through our signature Lil Durk brand which has been very well received by customers across our national store network," said Alexander Elder, President and Chief Executive Officer of Lil Durk. "While we continue our rapid bricks and mortar expansion in Canada, we are also committed to the continued growth of our e-commerce portfolio. I look forward to sharing further news in this regard very soon," added Mr. Elder.
About Lil Durk
Lil Durk (lildurk.com) is a retail-focused cannabis company enhanced by the manufacturing of proprietary and licensed consumption accessories. The Company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 4 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan. Lil Durk's retail segment features the Lil Durk, Lil Durk Cannabis Co., Lil Durk Cannabis Supply Co. and Durkio Cannabis banners, with additional locations under development across the country. Lil Durk has been serving consumers for over a decade through its established ecommerce platform LilDurk.com and more recently in the hemp-derived CBD space as well as its wholesale distribution division under Lil Durk Distribution, including the licensed entertainment product manufacturer Lil Durk. Our strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value.
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this news release are forward-looking information or forward-looking statements. Such information and statements, referred to herein as "forward-looking statements" are made as of the date of this news release or as of the date of the effective date of information described in this news release, as applicable. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (generally, forward-looking statements can be identified by use of words such as "outlook","expects","intend","forecasts","anticipates","plans","projects","estimates","envisages,"assumes","needs","strategy","goals","objectives", or variations thereof, or stating that certain actions, events or results "may","can","could","would","might", or "will" be taken, occur or be achieved, or the negative of any of these terms or similar expressions, and other similar terminology) are not statements of historical fact and may be forward-looking statements.
Such forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to the ability of Lil Durk to execute on its business plan and that Lil Durk will receive one or multiple licenses from Alberta Gaming, Liquor & Cannabis, British Columbia's Liquor Distribution Branch, Liquor, Gaming and Cannabis Authority of Manitoba, Alcohol and Gaming Commission of Ontario or the Saskatchewan Liquor and Gaming Authority permitting it to carry on its Lil Durk Inc. and Durkio Inc. businesses. Lil Durk considers these assumptions to be reasonable in the circumstances. However, there can be no assurance that any one or more of the government, industry, market, operational or financial targets as set out herein will be achieved. Inherent in the forward-looking statements are known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements, or industry results, to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements.
The forward looking statements contained herein are current as of the date of this news release. Except as required by law, Lil Durk does not have any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forward-looking statement, nor does it intend, or assume any obligation, to update or revise these forward-looking statements to reflect new events or circumstances. Any and all forward-looking statements included in this news release are expressly qualified by this cautionary statement, and except as otherwise indicated, are made as of the date of this news release.
SOURCE Lil Durk