One of Canada’s biggest convenience store operators is moving ahead on its stated goal of getting into the retail cannabis business.

Edmonton-based cannabis retailer Fire + Flower announced Wednesday it has issued a $25.99 million debenture, convertible to a 9.9 per cent ownership stake, to Quebec’s Alimentation Couche-Tard.

The Laval-based firm said its planned investment “will provide Fire + Flower with additional capital to further accelerate their expansion strategy.”

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