5Buds to open third location
5Buds will be opening its third cannabis retail location in Saskatchewan this month. The Yorkton store – located at 230 Broadway St on the corner of Broadway and 9th – is scheduled to be completed and open to the public in September.
“We are so excited to be opening our store in the city of Yorkton,” says Corey Tyacke, Retail General Manager of 5Buds. “Our team has been incredibly busy working to get the stores open. We are proud of what we can offer our customers, and we look forward to growing with the cannabis industry and expanding our brand to other locations in the years to come.”
In June 2018, the Saskatchewan Liquor and Gaming Authority announced recipients of the retail cannabis selection lottery process. Three licences were awarded to Synergy Five Investments, which is a limited partnership owned by Athabasca Basin Development, Des Nedhe Development, Peter Ballantyne Group of Companies, and Prince Albert Business Development representing 13 First Nations in Saskatchewan. Synergy Five investments operates cannabis stores under the name 5Buds Cannabis. Cannabis was legalized in Canada on October 17, 2018, and 5Buds opened its first location in Warman on November 30, 2018, with North Battleford’s store opening falling closely behind on February 25, 2018.