Second Cup parent company opens first cannabis store in Toronto

Aegis Brands plans to open six more dispensaries across Ontario before the end of the year

A photo of Hemisphere Coffee's first location on Avenue Road in Toronto.

Courtesy of Aegis Brands

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The company that owns coffee chain Second Cup has opened its first cannabis dispensary in Toronto.

The first Hemisphere Cannabis shop took over a location that formerly belonged to one of the cafes on July 10. The location is 1703 Avenue Road in the city’s midtown neighbourhood.

Mississauga-based Aegis Brands plans to open six more stores in the province, including three more in Toronto, before the end of the year.

The store is the first step in a strategy that will see Second Cup locations across Canada converted into dispensaries.

In 2018, the company announced plans to move into the cannabis business. Last year Second Cup restructured under the Aegis Brands moniker, which represents a portfolio of brands, which includes Ottawa’s Bridgehead Coffee.

The Alcohol and Gaming Commission of Ontario granted the company a cannabis retail operator license in April.

Aegis closed 19 Bridgehead coffee shops in Ottawa and 130 of the 244 Second Cup cafés across Canada  in mid-March in response to the coronavirus pandemic.

The company said in its first quarter results that it expected all 19 Bridgehead shops in Ottawa and 185 Second Cup cafés will be open nationwide by end of June.

It also launched an online ordering platform for home delivery.

In the first quarter, Aegis’ unadjusted net loss was $2,897,000 or $0.13 per share compared with net income of $642,000 or $0.03 per share in the same period last year.

The future Hemisphere Cannabis locations are below:

  • 518 Eglinton West, Toronto
  • 700 King West, Toronto
  • 65 Front East, Toronto
  • 955 Westney, Ajax
  • 171 Rideau, Ottawa
  • 3838 Innes, Orleans

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