We moved fairly quickly when, after we had the first couple calls, Andrew and I realized there was a good working groove. We started talking in October, and then you get the lawyers involved and go through the diligence and it really just became something pretty special. We went on our first date, met him, we talked the same way on franchising, about our vision for putting local people in business, about growing a franchise system, about taking care of patients and guests, and just had the same moral compass.Īnd from there, it kind of just developed. And they saw a lot of synergies between our team, between Andrew and me and between Steven. We call ourselves the only one in the U.S., there's a few that are in its infancy, and then in Canada, there's about three of them.īut the Canadian Council for Sessions is our Canadian Council Steven Fry is the CEO and the founder there. There aren't many franchisors in cannabis. And strangely enough, Sessions is a franchise system and that's what we do. We're looking for good people, good brands, good systems. Mike Weinberger: So we're always open to any acquisition or merger that makes sense. © Item 9 Labs Mike Weinberger, Chief Franchising Officer at Item 9 Labs How did you identify Sessions Cannabis, specifically? What were some of the criteria that led you to wanting to acquire them? ![]() recently acquired Sessions Cannabis, based in Ontario, and all 43 of its locations. Weinberger and CEO Andrew Bowden joined Cannabis Business Times for an exclusive interview on Item 9 Labs Corp.'s recent accomplishments, and where the company sees itself and the future of U.S. The company, with cannabis licenses in 15 states, is also expanding operations in Arizona, Nevada, Colorado, and more states in effort to ‘keep cannabis local,’ the company’s motto.īut behind the ongoing expansions and acquisitions, Item 9 Labs Corp.-with its name inspired by the Seth Rogen and James Franco stoner flick “Pineapple Express”- believes its franchising model puts the company “in the right spot at the right time to do the right thing,” says Chief Franchising Officer Mike Weinberger. ![]() Item 9 Labs Corp., an Arizona-based, vertically integrated cannabis franchisor, is continuing its expansion across North America with its recent acquisition of Sessions Cannabis and all 43 of its Canadian locations.
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