Fire & Flower Brings Proprietary Retail Tech to U.S. Through Licensing Deal with American Acres

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<![CDATA[Fire & Flower, a network of 79 retail dispensaries in Canada and the developer of the Hifyre technology platform, has signed a licensing agreement with American Acres that will bring the brand to the U.S.The strategic agreement offers a path forward for Fire & Flower in California, Arizona and Nevada (and beyond) by getting the brand in front of U.S. consumers and providing American Acres with a digital-forward data platform. The first Fire & Flower-branded store will open in Palm Springs, Calif., in the first half of this year.“For us, the us is this amazing opportunity because we’ve already honed our craft in a really competitive environment,” CEO Trevor Fencott said. Competition is the backbone of the industry, and Fencott is eager to get into that game in more open environments—rather than the limited license markets elsewhere in the U.S. With consumer engagement and data in the foreground, he said there’s an opportunity to go deep with tech and compete on the retail side of the cannabis industry.It wasn’t too long ago, in late 2017 when Fire & Flower got started, that product selection in Canada was practically nil: “We have dry cannabis or cannabis oil. What do you want?” was how Fencott recalled the early days of Canadian dispensary relationships, even into the adult-use legalization era. Product selection in the U.S., he says, is more varied and innovative, generally, which allows a data-forward company like Fire & Flower to hone its craft even more. He sees data as a pillar of cannabis retail, something necessary in this vast and burgeoning industry, particularly as product innovation drives new categories and new consumer demands. Specifically, Fencott points to businesses like Warby Parker and b8ta, “digital-native” companies that are competing in innovative ways around the likes of retail behemoth Amazon. “These retailers…

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