Tokyo Smoke

Last updated
Tokyo Smoke
Company type Subsidiary
Industry Cannabis
Founded2015;9 years ago (2015)
FounderLorne and Alan Gertner
Headquarters,
Canada
ProductsCannabis, lifestyle products, Third wave coffee
Parent OEG Inc.

Tokyo Smoke is a Canadian lifestyle brand owned by OEG Inc. that focuses on the legal recreational cannabis industry. The company was co-founded by father and son Lorne and Alan Gertner in 2015. [1]

Contents

History

Tokyo Smoke was co-founded by Lorne and Alan Gertner in 2015. Lorne Gertner had founded Canada’s first legal medical marijuana grower, Cannasat Therapeutics, in 2004. [2] The brand’s first location, Tokyo Smoke Found, opened in April 2015 in Toronto’s West Queen West neighbourhood. In early 2017, the company acquired another cannabis company, Van der Pop, based in Seattle and is targeted towards women. [3]

At the 2017 Canadian Cannabis awards, Tokyo Smoke won the award for "Brand of the Year." [4]

On December 21, 2017, the company announced that it would merge with DOJA Cannabis and form a new company called Hiku Brands Company Ltd. [5] On July 10, 2018, Canopy Growth acquired Hiku brands and absorbed its portfolio of brands. [6]

On August 14, 2019, Acreage announced its intention to open cannabis stores under the Tokyo Smoke brand in the United States. [7]

In November 2021, Tokyo Smoke and UberEats struck a deal for users to be able to order cannabis for pick-up through the app. [8] [9]

OEG Inc. acquired the Tokyo Smoke brand in 2022. [10]

Retail Stores

Tokyo Smoke currently operates 7 cannabis dispensaries in Manitoba, [11] 6 dispensaries in Alberta, and 27 in Ontario. [12] The company no longer operates its 3 coffee shops: 2 in Toronto, and 1 in Calgary. [13] These coffee shops did not sell cannabis, instead, they sold coffee, cafe food, and cannabis accessories. In September 2018, Tokyo Smoke announced that they have received approval to build up to 10 cannabis stores in Manitoba. [14] In Ontario, where licensed producers are restricted from owning more than 9.9 per cent of a cannabis store, Canopy Growth has entered into branding agreements with retail license owners to open stores under the Tokyo Smoke name. [15]

Related Research Articles

<span class="mw-page-title-main">Canadian Tire</span> Canadian retail company

Canadian Tire Corporation, Limited is a Canadian retail company which operates in the automotive, hardware, sports, leisure and housewares sectors. Its Canadian operations include: Canadian Tire, Mark's, FGL Sports, PartSource, and the Canadian operations of Party City. Canadian Tire acquired the Norwegian clothing and textile company Helly Hansen from the Ontario Teachers' Pension Plan in 2018.

<span class="mw-page-title-main">Smiths Falls</span> Town in Ontario, Canada

Smiths Falls is a town in Eastern Ontario, Canada, 72 kilometres (45 mi) southwest of Ottawa. As of the 2021 census it has a population of 9,254. It is in the Census division for Lanark County, but is separated from the county. The Rideau Canal waterway passes through the town, with four separate locks in three locations and a combined lift of over 15 metres (49.2 ft).

Shoppers Drug Mart Inc., commonly known as Shoppers is a Canadian retail pharmacy chain based in Toronto, Ontario. It has more than 1,300 stores in ten provinces and two territories.

<span class="mw-page-title-main">Second Cup</span> Canadian coffee shop chain

Second Cup Cafe. is a Canadian restaurant chain, coffee retailer, and roaster that operates more than 190 cafes nationwide. Its headquarters are in Mississauga, Ontario. Its stores sell hot and cold beverages, pastries, snacks, pre-packaged food items, hot and cold sandwiches, and drinkware, including mugs and tumblers.

<span class="mw-page-title-main">Cannabis in British Columbia</span> Legality, use and culture of cannabis in British Columbia

Cannabis in British Columbia (BC) relates to a number of legislative, legal, and cultural events surrounding the use and cultivation of cannabis in the Canadian province of British Columbia. As with the rest of Canada, cannabis became legalized on 17 October 2018, following the enactment of the Cannabis Act, or Bill C-45. Prior to that, though the drug was illegal in Canada, its recreational use was often tolerated and was more commonplace in the province of BC as compared to most of the rest of the country. The province's inexpensive hydroelectric power and abundance of water and sunshine—in addition to the many hills and forests —made it an ideal cannabis growing area. The British Columbia cannabis industry is worth an estimated CA$2 billion annually and produces 36.6 percent of all Canadian cannabis. The province is also the home of the cannabis activist and businessman Marc Emery.

Mister Leonard was a leading Canadian women's sportswear company. It was founded in 1965, by Leonard Wasser and Sam Gertner, growing out of their previous company Pantman. Mister Leonard grew to become one of the country's leading apparel manufacturers, at its prime doing 90 million plus in annual sales, and becoming the largest garment employer in the city of Toronto, Ontario. The company also was amongst the first Canadian manufacturers to set up production in Hong Kong. A rapidly changing economic and retail environment, coupled with founder Sam Gertner's increasing health problems in the late 20th century put a difficult strain on the company and in 1999 Sam Gertner decided to shut down the company.

<span class="mw-page-title-main">Kit and Ace</span> Canadian clothing brand

Kit and Ace is a Canadian clothing brand.

<span class="mw-page-title-main">Canopy Growth</span> Canadian medical marijuana company

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.

<span class="mw-page-title-main">OEG Inc.</span>

OEG Inc. is a company based out of Edmonton, Alberta, that operates Katz Group of Companies' sports and entertainment offerings. The flagship property and namesake is the Edmonton Oilers of the National Hockey League. OEG also operates Rogers Place, the new home of the Oilers in downtown Edmonton. OEG is owned by Daryl Katz.

<span class="mw-page-title-main">Cannabis in Ontario</span> Cannabis in Ontario, Canada

Cannabis in Ontario is legal for both medical and recreational purposes. Cannabis in Canada has been legal for medicinal purposes since 2001 under conditions outlined in the Access to Cannabis for Medical Purposes Regulations, issued by Health Canada, while seed, grain, and fibre production are permitted under licence. The federal Cannabis Act, legalizing cannabis for recreational use, came into effect on 17 October 2018.

<span class="mw-page-title-main">Cannabis laws of Canada by province or territory</span>

On October 17, 2018, cannabis was legalized in Canada for recreational and medical purposes. It was already legal for medicinal purposes, under conditions outlined in the Marihuana for Medical Purposes Regulations issued by Health Canada, and for seed, grain, and fibre production under licence by Health Canada.

<span class="mw-page-title-main">Cannabis in Nova Scotia</span>

Cannabis has been legal in Nova Scotia and the entire country of Canada since October 17, 2018, the effective date of the Cannabis Act. Each province and territory set its own laws for various aspects, such as the legal age, whether householders can grow cannabis and the method of retail sales. Cannabis has been legal in Canada for medicinal purposes since 2001 under conditions outlined in the Marihuana for Medical Purposes Regulations, later superseded by the Access to Cannabis for Medical Purposes Regulations, issued by Health Canada and seed, grain, and fibre production was permitted under licence by Health Canada.

<span class="mw-page-title-main">Cannabis in Manitoba</span> Law in Manitoba concerning use of cannabis

Non-medical cannabis in Manitoba became legal when the national Cannabis Act went into force on October 17, 2018.

<span class="mw-page-title-main">Cannabis in Newfoundland and Labrador</span>

Cannabis in Newfoundland and Labrador became legal when the national Cannabis Act went into force on October 17, 2018.

Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. It trades on the Toronto Stock Exchange and Nasdaq as ACB. As of late September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries. It had a funded capacity of over 625,000 kilograms of cannabis production per annum with the bulk of capacity based in Canada and a growing presence in international markets, particularly Denmark and Latin America. The company began trading on the NYSE on October 23, 2018, using the ticker ACB.

<span class="mw-page-title-main">Ontario Cannabis Retail Corporation</span> Provincial cannabis distributor and online retailer

The Ontario Cannabis Retail Corporation, operating as Ontario Cannabis Store (OCS), is a Crown corporation that manages a legal monopoly over the online retail and wholesale distribution of recreational cannabis to consumers and privately operated brick and mortar retailers respectively throughout Ontario, Canada.

Alan Gertner is a Canadian. He is the co-founder and CEO of Tokyo Smoke, a Canadian lifestyle brand that focuses on coffee, clothing and legal cannabis. Gertner who also co-founded Hiku, a Canadian company, is a former Google executive known for his work in the Canadian cannabis industry.

Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.

Indiva is a publicly traded company based in London, Ontario. The company operates in the Canadian cannabis industry, producing and supplying cannabis and cannabis products for both the legal recreational and medical markets. Indiva was founded in 2015 by Koby Smutylo, Max Marion, and Niel Marotta.

References

  1. Lang, Cady (2016-06-13). "Justin Trudeau Makes a Surprising Case for Legalizing Marijuana". Time. Retrieved 2017-12-24.
  2. Dias, David (2008-10-07). "Just don't call it pot" . Retrieved 2017-12-24.
  3. "Tokyo Smoke acquires Van der Pop, Seattle's preeminent female-focused cannabis lifestyle brand". MarketWired. 2017-02-08. Retrieved 2017-12-24.
  4. "Canadian Cannabis Awards 2017 Winners - Canadian Cannabis Awards". Canadian Cannabis Awards. Retrieved 2017-12-24.
  5. "DOJA Cannabis and Tokyo Smoke Merge to Become Hiku Brands". New Cannabis Ventures. 2017-12-21. Retrieved 2017-12-24.
  6. Corporation, Canopy Growth. "Canopy Growth to Acquire Hiku Brands to Strengthen Retail and Brand Portfolio". www.newswire.ca. Retrieved 2019-09-08.
  7. Owram, Kristine (2019-08-14). "Acreage aims to bring Canopy's Tweed pot stores to California - Article". BNN. Retrieved 2019-08-15.
  8. Lorinc, Jacob (2021-11-22). "Weed on the menu: Uber Eats partners with Tokyo Smoke to offer cannabis products for pickup in Ontario". The Toronto Star. ISSN   0319-0781 . Retrieved 2022-04-04.
  9. "Uber Eats partners with Tokyo Smoke for cannabis delivery". Globetrender. 2022-03-03. Retrieved 2022-04-04.
  10. "OEG Retail Cannabis to Acquire Retail Stores, Tokyo Smoke Brand from Canopy Growth in Cross-Country Expansion" (Press release). 27 September 2022.
  11. "Buying Cannabis in Manitoba". Liquor, Gaming and Cannabis Authority of Manitoba. Retrieved 2019-01-29.
  12. "Store Locator– Tokyo Smoke". ca.tokyosmoke.com. Retrieved 2019-07-20.
  13. "Store Locator– Tokyo Smoke". ca.tokyosmoke.com. Retrieved 2019-01-29.
  14. Ltd, Hiku Brands Company. "Tokyo Smoke cannabis retail stores are Coming to Manitoba". www.newswire.ca. Retrieved 2019-01-30.
  15. "Canopy Growth lands a cannabis store in Toronto opening under its Tokyo Smoke brand name". Ottawa Citizen. 2019-03-19. Retrieved 2019-09-08.