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First Nations company set to open pot shops in six months

Jul 17, 2018 | 2:00 PM

With recreational marijuana set to become officially legalized Oct. 17, Synergy Five Investments LP CEO Sean Willy said he is excited to see First Nations entering an emerging industry.

“As First Nations, we’ve been excluded from so many other potential opportunities out there,” he said. “I’ve seen Indigenous economic development companies across the country over the last two years jump into new and non-traditional roles to provide more revenue for their community owner.”

Synergy Five was ultimately successful in securing cannabis permits in North Battleford, Warman and Yorkton after the company applied in 30 out of 31 locations earlier this spring. Willy said officials have already been in contact with the mayors of each community and he plans on meeting with each council this summer. He expects the retail store locations to open in the next six months.

Willy also added Synergy Five was established solely to pursue cannabis permits in Saskatchewan. Stakeholders in the company include Athabasca Development Limited Partnership, Des Nedhe Development, Peter Ballantyne Group of Companies and Prince Albert Development Corporation, the business arm of the Prince Albert Grand Council.

“Revenue leads to self-determination, better pride in the community and our businesses aren’t tied to politics,” he said. “Our community leaders and our representatives tasked us with making business decisions. We decided to do this because it was a good business to get into.”

Willy is also confident in the four entities retail experience, adding they’re capable of supplying high-quality, safe and secure products. He noted Synergy Five had already been in contact with landlords at its three locations as they search for ideal retail space.

 

derek.cornet@jpbg.ca

Twitter: @saskjourno