Canadian operator Decibel Cannabis Co. is selling its Prairie Records marijuana retail stores to retail operator Fika for roughly 3 million Canadian dollars ($2.2 million).
The six Prairie Records cannabis stores – three each in Alberta and Saskatchewan – will be sold to Fika subsidiary Fire & Flower Inc., Decibel announced late Friday.
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Privately held Fika, based in Toronto, won an auction for Fire & Flower Holdings for CA$36 million in 2023.
Fire & Flower – once one of Canada’s largest publicly traded retail chains – had filed for creditor protection earlier that summer.
Calgary. Alberta-headquartered Decibel reported roughly CA$1.9 million in retail revenue for the quarter ended Sept. 30.
In a statement, Decibel Chief Revenue Officer Adam Coates said that selling
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