Cannabis company Canopy Growth Corp. says it's teaming up with Quebec retail giant Alimentation Couche-Tard Inc. to support a privately run pot shop in London, Ont.

In a news release Thursday, Canopy says the two companies plan to form a multi-year strategic partnership involving a new cannabis outlet set to open in the city in April.

Canopy Growth, Quebec retail giant plan to open new London cannabis store

Canopy Growth, Canada's largest cannabis company, plans to open London's second brick-and-mortar cannabis retail store with the help of Quebec retail giant Alimentation Couche-Tard.

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Canopy Growth has filed an application for a proposed cannabis retail store under its Tweed brand through a numbered Ontario company at this commercial plaza on Wellington Street South. 

Tweed store London Ontario

Currently, the only place to buy legal recreational weed in Ontario is through a government-run online outlet, the Ontario Cannabis Store, but private brick-and-mortar shops are set to open April 1.

The provincial agency responsible for regulating those stores, the Alcohol and Gaming Commission of Ontario, held a lottery last month to choose the entities that could apply for the initial 25 retail licences.

Canopy and Couche-Tard say they have entered into a trademark licence agreement with one of the winners of that lottery to open a store under Canopy's Tweed brand.

The companies say the lottery winner will continue to have "full ownership and control over the London store."

Canopy Growth shares stumble 8% after company posts quarterly loss

Canopy Growth Corp. reported a loss of $330.6 million in its most recent quarter as it ramped up spending in quarter that ended just before legalization of recreational marijuana in Canada.

The U.S. Customs and Border Protection agency says in an updated statement that someone working in the legal pot industry in Canada will "generally be admissible" as long as their travel is not related to the industry. Workers process medical marijuana at Canopy Growth Corporation's Tweed facility in Smiths Falls, Ont., on Monday, Feb. 12, 2018. 

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Workers process medical marijuana at Canopy Growth Corporation's Tweed facility in Smiths Falls, Ont., Feb. 12. The company reported quarterly losses of more than $330 million Wednesday.

A Couche-Tard convenience store is shown in Montreal on October 5, 2012. Pot company Canopy Growth and the Quebec retail giant will partner on a pot shop in London, Ont., when private bricks-and-mortar cannabis shops roll out April 1.

Canopy Growth to partner with Quebec retailer to open pot shop in London, Ont.

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