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Fernley location in prosperous, under-served market
VANCOUVER, Jan. 18, 2019 /CNW/ – C21 Investments Inc. (CSE: CXXI) today announced that it has opened a 6,000 square foot dispensary located in Fernley, Nevada. The Fernley dispensary is located in an area experiencing rapid economic growth with housing and business development and there are no other licensed dispensary operations within a 50-kilometer radius.
“The potential for the Fernley location was the vision of Sonny Newman, founder of Silver State Relief, and C21 Investments’ largest shareholder,” said Robert Cheney, President and CEO, C21 Investments. “Our local team in Nevada did a terrific job opening a first-class retail location that offers customers a superior experience.”
This newly opened dispensary is in addition to the 8,000 square foot cannabis “super store” operated by C21 Investments in Sparks, a suburb of Reno. The Sparks location has been one of the top three revenue producing dispensaries in Nevada for the past 36 consecutive months.
The Fernley dispensary has a high-quality retail layout similar to the existing dispensary in Sparks and offers 10 points of sale and fully stocked inventory of over 500 branded products. The Fernley location will offer the same high-quality products and services as our Sparks location and is a Superstore location offering all of Nevada’s best and most popular products. The opening of the new dispensary offers revenue and earnings growth to C21 Investments’ existing Nevada businesses.
“The Silver State brand is very strong in Nevada and the new Fernley location expands our reach and allows C21 Investments to serve even more Nevada customers with quality products at the most competitive prices in the state,” said Sonny Newman. “With C21 Investments, we look forward to developing the Fernley location into a significant revenue and profit center to compliment the already strong retail location we operate in Sparks.”