Monday January 24, 2022 | LANGFORD, BC
by Mary P Brooke | Island Social Trends
At their council meeting this evening, the City Langford approved a 3-year Temporary Use Permit (TUP 21-0005) for a retail cannabis store (by Opal Cannabis Corp) in the town core at #107-797 Goldstream Ave.
The location is flanked to the east by a commercial building. Properties to the west on Peatt Rd are under redevelopment, the building across street is to be 12-storey mixed use; there’s a church across the street.
A TUP is used where full rezoning of the property is either not possible or seen to be unnecessary given either future uses of the property and/or surrounding neighbourhood, or if the business or its use is considered temporary in some way.
The Liquor and Cannabis Regulation Branch (LCRB) of BC has completed the required financial integrity checks and security screenings for Opal Cannabis Corp and all persons associated with the applicant, it was stated in tonight’s council agenda.
Background:
The former Emerald Health Retail Inc changed its company name to Opal Cannabis Corp in February 2019.
On November 29, 2021, Emerald Health Therapeutics (located on Commerce Circle in Saanich) announced that it is exiting the recreational and medical cannabis business and pivoting to a pharmaceutical development focus. Emerald posted on its website that it intends to seek purchasers for its recreational and medical cannabis assets “to further strengthen its already strong capital position and plans significant cost cuts to decrease its monthly net burn”.
Moe Jiwan is the Emerald Health Therapentics CEO. Bobby Rai of The Medicine Shoppe pharmacies in Greater Vancouver, Canada is on the Emerald Health Therapeutics board.
The sale of recreational cannabis products became legal in Canada on October 17, 2018.
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