Last month, small cap Spyder Cannabis (TSX-V: SPDR)debuted on the TSX Venture Exchange as a new but different kind of cannabis player – one that actually has a clear plan to succeed or at least to break through all the noise in an increasingly crowded and hyped space.

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Hemp has enormous potential thanks to broad commercial, consumer and industrial applications; but it has also suffered a bad rap from being a close relative of the cannabis plant and thus from being associated with marijuana.  

Fortunately, attitudes have changed along with the easing of cannabis laws and the recent reclassification of hemp as an agricultural commodity at the Federal level in the USA. And while hemp is still being overshadowed by its more notorious relative, there are game changing health and wellness opportunities for the plant with small cap Spyder Cannabis (SPDR: TSXV) ready to cash in on this enormous potential.

Phase 1 of US rollout plan includes store locations in 4 states; Stores will include SPDR branded products

Vaughan, Ontario--(Newsfile Corp. - June 20, 2019) - Spyder Cannabis Inc. (TSXV: SPDR) ("Spyder"), an established Ontario retail operator, announces plans to enter the U.S. market through an initial roll out of hemp derived boutique retail and kiosk locations over the next 12-18 months.

OTTAWA, June 18, 2019 (GLOBE NEWSWIRE) -- Tetra Natural Health, a subsidiary of Tetra Bio-Pharma (TSX VENTURE: TBP) (OTCQB: TBPMF), today announced that it has signed an exclusive agreement with Spyder Cannabis Inc. (TSX VENTURE: SPDR) (“Spyder”) to distribute the three flavors of its Hemp Energy Drink in cannabis accessory stores and vapes stores in Canada and the US. The drink is expected to be available to consumers in Spyder’s retail stores located in Scarborough, Woodbridge, Burlington, and shortly at the Niagara Falls and Pickering locations, which are expected to be opened early this summer. A launch event will be held during the Canada Day long weekend at the Niagara Falls location situated at 6474 Lundys Lane.

“We are very excited to be adding the Hemp Energy Drink to our portfolio of premium brands that will be available to our growing clientele,” stated Daniel Pelchovitz, CEO and President of Spyder. “This new offering will please our customers who are always seeking unique and distinctive quality products in this emerging industry.” 

When investors think of brick-and-mortar retail now, the term “retail apocalypse” often comes to mind. After all, over 12,000 physical stores had closed between the Great Recession and 2017 when the term was first coined with the Internet and rise of online shopping receiving much of the blame for this. So why would anyone want to undertake a brick-and-mortar retail strategy right now? 

Because sometimes a brick-and-mortar retail strategy still makes business sense. That’s exactly what small cap Canada based Spyder Cannabis (SPDR: TSXV)is doing (in addition to an online presence) as the Company leverages its brand and retail operating experience in the e-cigarette and vaporizer markets for a competitive edge in the now-legal Canadian cannabis industry.