CordovaCann (CSE: CDVA / OTCQB: LVRLF) Opens 10th Star Buds Cannabis Co. Store in Canada

Rhea-AI Summary

CordovaCann Corp. (OTCQB:LVRLF) has launched its tenth Star Buds Cannabis Co. retail store in Winnipeg, Manitoba, marking its third store in the province. Located at 1566 Pembina Highway, the store opens for walk-ins and online orders. A grand opening is set for October 1, 2021. The company plans to continue expanding its store network across Canada and anticipates a record month for its retail chain this September, signaling strong demand and growth potential in the cannabis sector.

Positive

• Opening of the tenth retail store increases market presence.
• The store is expected to contribute positively to sales figures.
• September is projected to be a record month for retail sales.

Negative

• None.

Star Buds Cannabis Co. Store is the Third to Open in Winnipeg, Manitoba

TORONTO, ON / ACCESSWIRE / September 22, 2021 / CordovaCann Corp. (CSE:CDVA) (OTCQB:LVRLF) ("Cordova" or the "Company"), a cannabis-focused consumer products company, is pleased to announce that its tenth Star Buds Cannabis Co. branded retail store will open today, Wednesday, September 22, 2021. The store, located at 1566 Pembina Highway in the City of Winnipeg, is the third store opened by Cordova in Manitoba. This Star Buds Cannabis Co. store is now open for walk-in customers and is processing online orders for in-store pickup that are made through its website www.starbuds.co. The official grand opening of the store is scheduled for Friday, October 1, 2021.

Cordova is accelerating the pace of its store openings with plans to open additional Star Buds Cannabis Co. retail stores across Canada in the coming weeks. Recently opened stores are contributing nicely to the store base, and September is on track to be another record month for the Star Buds Cannabis Co. retail chain.

"Winnipeg is a growing, vibrant city with excellent future growth potential for Star Buds Cannabis Co. and we are pleased to be part of its upward trend with the opening of our third retail location in Manitoba," stated Taz Turner, Chairman and CEO of the Company. "We continue to expand organically while exploring acquisition opportunities to accelerate our growth even further."

About CordovaCann Corp.

CordovaCann Corp. is a Canadian-domiciled company focused on building a leading, diversified cannabis products business across multiple jurisdictions including Canada and the United States. Cordova primarily provides services and investment capital to the retail, processing and production vertical markets of the cannabis industry.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" under the provisions of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of the Company. All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable Canadian securities laws, including statements with respect to the Company's planned business activities, the anticipated benefits of the opening of the store and the prospect of opening additional retail stores. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", or variations or comparable language of such words and phrases or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking information is necessarily based upon a number of factors and assumptions that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including anticipated costs and ability to achieve business objectives and goals.

Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking information including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's public filings on EDGAR and SEDAR. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company provides forward-looking information for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by applicable law.

Company Contact:

Taz Turner
Chief Executive Officer
taz@cordovacann.com
(917) 843-2169

SOURCE: CordovaCann Corp.

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FAQ

What is the significance of CordovaCann's new store opening in Winnipeg?

The new store enhances CordovaCann's market presence and supports its growth strategy in the cannabis retail sector.

What are the future plans for CordovaCann following the opening of the Star Buds store?

CordovaCann intends to continue expanding its Star Buds retail chain across Canada.

When is the grand opening for the new Star Buds store in Winnipeg?

The grand opening is scheduled for October 1, 2021.

How does this new store in Winnipeg impact CordovaCann's sales?

The new store is expected to positively impact CordovaCann's sales figures, contributing to a record month in September.