News, Uncategorized

Ontario Cannabis Retailers Opening Up to Selling Online and Over the Phone

One year after pot legalization and it seems Ontario has been struggling to uphold brick and mortar businesses. With a minuscule 24 stores fro the whole province many people still use the black market for their weed. Now the province wants to take more initiative to combat the underground market by increasing the amount and availability of approved retailers.

 

Selling Over the Phone and Online

It was announced on November 6th, 2019 that the government of Ontario. would allow stores to sell pot online and over the phone, buyers would then pick up their order in the brick and mortar store. Delivery is discouraged though for now, so the strict age verification process can be more easily upheld for both businesses and clients protection.

Edibles would also be allowed to be bought online or through phone since it recently became legal. There is a 60 day waiting period before edibles officially are on sale though, allowing time for sellers to have their edibles submitted and reviewed. Introducing this will almost certainly boost sales and access to legal weed, especially if the prices will be more competitive against the black market. Cutting out the black markets’ stronghold on cannabis sales will help to regulate to product and increase safety.

 

Pot Across the Provinces

Despite Ontario’s high population, Ontario is actually last in terms of the number of pot stores in the province. Province-wide there are about 24 stores for 14.57 million people. Northwest territories also has a low amount of stores, standing at just 5, but taking into account the population; that’s 1 store for every 9,000 people out of 38,780, significantly more population-wise than Ontario.

The ranking goes from Ontario, Saskatchewan, British Columbia, Newfoundland and Labrador, to Manitoba. The title for the province with the largest number of stores goes to Alberta with over 300 licensed private marihuana providers for 4.37 million people. Alberta’s industry is so strong that they have more stores than every other province combined and by 2012 the number of stores could even increase to 500.

This new initiative could open up the Ontario market and introduce more sellers in the province to help level the playing field a bit more. Because there is such a large discrepancy between Ontarios population and the number of pot stores province-wide the illegal underground industry is still very much thriving and the government wants to combat that in any way that it can.

 

Updated Legislation to Accommodate Growth

While Ontario seems to be falling behind, the government has made strides to update legislation and aid cannabis retailers to try to promote their growth and development. The plan is to increase the allowed amount of stores from 25 up to allowing 75 pot stores to open this fall. Having sales available over your phone and online will make the brick and mortar stores much more accessible and consumer-friendly in this age of online shopping and Amazon orders.

There is also the possibility of a new aspect of the cannabis industry to help it grow and fight against the illegal underground industry, with retail spaces for the products there is a chance of tourism. Just like a brewery or distillery doing tours and having back and forth conversations with the brewers working, it would provide a new experience for consumers while also providing an opportunity to educate on the product and growing process. These sorts of situations would be an advantage over the black market, providing a consumer-friendly environment and encouraging growth within the industry.

 

Read more about this new development for cannabis sellers here:

https://www.redevgroup.com/news-article/ontario-cannabis-retailers-to-sell-online-and-over-the-phone

News, Uncategorized

Sporting Goods Giant, Décathlon, Set to Open Store in Mapleview Centre, Ontario, in 2021

Looks like the residents of Burlington, Ontario have a huge reason to celebrate. Mapleview Centre will soon welcome yet another industry-leading brand. 

In the Fall of 2021, the plaza will be opening its doors to Décathlon; the biggest sporting goods retailer in the world, marking the store’s second location in Ontario, with the first having opened in Ottawa in September 2019 as part of the retailer’s cross-Canada expansion. 

 

Décathlon Has Had Quite the Prolific Journey Across the Globe

Having had its origins in France in 1976, Décathlon is on a mission to make its high-quality sporting line accessible across the globe. Ontario isn’t the only province on the list of Décathlon’s conquests. In 2018, the world-class retailer opened its first Canadian store in Brossard, Quebec. The French retailer has over 1500 stores sprawled across 52 countries. 

Ivanhoe Cambridge, a real estate firm that owns the Mic Mac Mall in Halifax, has set aside 23,080 square feet of real estate for another Décathlon store. 

Ivanhoe Cambridge and Décathlon revealed that the new store, opening in 2021, will occupy almost 5091 m2 or 54,800 ft 2 of the space in the lower level, formerly home to Sears. 

Décathlon has also revealed that it plans to forge forward with this expansion and open stores in Calgary, Vancouver and the GTA in the very near future. 

The retailer is making it a point to allow future customers to try their goods in a number of testing areas across the store so that purchasing isn’t a problem. At Mapleview, Décathlon will be occupying prime real estate seeing as the spot is a mere 45 minutes from downtown Toronto. 

 

Mapleview is Taking Its Experiential Customer Focus to Greater Heights

Having had a humble start in 1990, Mapleview has made it a priority to enhance the customer journey and house some of the best brands in the world. Between 2008 and 2010, the plaza underwent significant renovations to improve its market and sales trajectory. 

What stores call Mapleview home? Apple, H&M, Hudson’s Bay, Shoppers Drug Mart and Indigo to name just a few! Given its eclectic selection of shopping arenas, Mapleview has delivered a unique personalized shopping experience that one would be hard-pressed to find elsewhere. 

 

Conclusion

Ontario has, without a doubt, become the hub for retail commercial real estate investors. Décathlon making its mark on Burlington will open the floodgates for countless world-renowned brands to chart a course for the province as well. The bottom line remains as sure as ever; the Canadian real estate market is on the up and up and promises to deliver value to customers and investors alike. 

For more, please visit;

https://www.redevgroup.com/news-article/mapleview-welcoming-a-second-d%C3%A9cathlon-sporting-store-in-ontario