Developer docs
API playgroundTry for free, no card

Search company profiles

kiaro

Full company profile

uuid0006pmg

Namestring
kiaro
Legal namestring
National Cannabis Distribution dba Kiaro
Websiteurl
kiaro.com
Company typeenum
Private
Founded yearint
2018
Descriptiontext

Kiaro is a British Columbia-based recreational cannabis retailer operating five physical dispensary locations in Vancouver, Port Moody, Victoria, Kelowna, and Revelstoke. The company sells flower, pre-rolls, vapes, edibles, beverages, tinctures, topicals, and accessories, curating approximately 200 Canadian licensed-producer brands. Online ordering is powered by Shopify and supports both in-store pickup and same-day delivery across Greater Vancouver and surrounding BC communities. The legal entity is National Cannabis Distribution dba Kiaro, with corporate headquarters at #250-997 Seymour St, Vancouver, and the CEO is Daniel Petrov.

The business model is direct-to-consumer retail: one-time transactions on regulated cannabis products, with no subscription or wholesale distribution disclosed. Supporting products include the MyKiaro membership loyalty program, an iOS/Android mobile app with wallet functionality, and an Ask Kiaro Anything advisory service staffed by Kiaro Pathfinders. In July 2021, Kiaro Holdings Corp. acquired Cozy Cannabis, adding a Toronto retail location and three eCommerce platforms that extend digital reach into Ontario, the US, and Australia, though current operations appear concentrated in BC. The company is publicly listed under CVE:KO per firmographic data (though a separate source flags conflicting private-company status) and has disclosed a single capital event: a CAD $3.75 million debenture private placement in October 2021.

Operational scope is small (51-100 employees), revenue is not publicly disclosed, and the company has consolidated its footprint back to BC after earlier multi-province expansion (founders opened the first store in Saskatoon, Saskatchewan in 2018). Marketing is conducted organically through Instagram, TikTok, Facebook, and email newsletter, with no paid acquisition signals identified. Kiaro competes in a regulated category where entry barriers are licensing-driven rather than technology-driven, and its competitive positioning rests on curation breadth, multi-channel convenience, and brand relationships with licensed producers rather than proprietary technology.

Short descriptiontext

Kiaro is a British Columbia-based recreational cannabis retailer operating five physical dispensaries in Vancouver, Port Moody, Victoria, Kelowna, and Revelstoke, offering same-day delivery, online ordering, and a curated selection of approximately 200 Canadian licensed-producer brands to adult consumers.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersVancouver, Canada
HQ citystring
Vancouver
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices6 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
cannabis retail, recreational cannabis, cannabis dispensary, cannabis delivery, cannabis ecommerce
Industry3 codes
1Cannabis Dispensary + Delivery/Online Pickup (Omnichannel Retail)
CodeCRANAFAGPrimaryYes
2Adult-Use (Recreational) Cannabis Delivery & Online Ordering
CodeCRANAGAHPrimaryNo
3Cannabis Dispensary + Ancillary Retail (Accessories, CBD/Hemp, Merchandise)
CodeCRANAFAHPrimaryNo
NAICS code1 code
  • Pharmacies and Drug Retailers45611
SIC code1 code
  • Retail-Drug Stores And Proprietary Stores5912
Product category
Cannabis Retail
Social media profiles3 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model1 record
1Cannabis Retail Sales
TypeOne Time License
Description

Physical retail storefront and online ordering for in-store pickup and delivery of recreational cannabis products including flower, pre-rolls, vapes, edibles, beverages, tinctures, topicals, and accessories. Revenue generated through one-time product transactions.

kiaro.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 of 2 records shown
1MyKiaro Membership
Description

Customer membership program offering exclusive deals and rewards

kiaro.com
+1 more record
Core offering1 text field

Kiaro operates a network of five physical cannabis dispensaries across British Columbia (Vancouver, Port Moody, Victoria, Kelowna, Revelstoke) complemented by a Shopify-powered online store offering in-store pickup and same-day delivery. The company curates products from nearly 200 Canadian cannabis brands across flower, pre-rolls, vapes, edibles, beverages, concentrates, tinctures, topicals, and accessories for adult recreational consumers (19+). Supporting features include the MyKiaro loyalty membership and mobile app for repeat purchasing.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Kiaro is a cannabis retail company operating a network of physical dispensary locations across British Columbia (Vancouver, Port Moody, Victoria, Kelowna, Revelstoke) and offering online ordering with same-day delivery. The core offering combines in-store shopping with knowledgeable budtenders and a Shopify-powered eCommerce platform. Supporting features include the MyKiaro Membership loyalty program, the MyKiaro mobile app (iOS/Android), and Ask Kiaro Anything advisory consultations. The dispensaries stock nearly 200 Canadian cannabis brands across product categories including dried flower, pre-rolls, vapes, edibles, beverages, tinctures, and topicals.

Product and service3 records
1Kiaro Cannabis Retail Dispensaries
CategoryCannabis Retail
Description

Physical cannabis retail storefronts in British Columbia offering in-store shopping across flower, pre-rolls, vapes, edibles, beverages, tinctures, topicals, and accessories, with knowledgeable budtenders providing personalized product recommendations based on cannabinoid and terpene preferences. Targets legal-age adults (19+) for recreational cannabis purchases.

2Kiaro Same-Day Cannabis Delivery
CategoryCannabis Retail Delivery
Description

Same-day cannabis delivery service operating in British Columbia serving Vancouver, Burnaby, Richmond, Surrey, Port Moody, Coquitlam, Port Coquitlam, SFU, Anmore, and Belcarra, with scheduled delivery windows and age verification upon delivery. Targets adult recreational cannabis consumers who prefer home delivery.

3Kiaro Online Ordering with In-Store Pickup
CategoryCannabis E-commerce
Description

Fully compliant eCommerce platform powered by Shopify enabling customers to browse the cannabis menu, place orders online, and reserve products for in-store pickup at the nearest Kiaro dispensary location. Designed for legal-age adults seeking convenient pre-ordering of recreational cannabis products.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeTechnology or Integration
Description

Kiaro BC is powered by Shopify, which enables the online store and eCommerce services including online ordering, menu management, and checkout functionality.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeOthers
Description

Kiaro's eCommerce technology partner powering its online store and ordering platform. Ecosystem enabler rather than competitor, but critical infrastructure dependency.

TypeDirect peer
Description

Licensed cannabis retailer with stores across Alberta, Saskatchewan, Ontario, and BC, plus digital platform Firebird Delivery. Comparable omnichannel cannabis retail strategy in overlapping Canadian geographies.

TypeDirect peer
Description

Premium cannabis retail brand owned by Canopy Growth, operating stores in multiple provinces. Comparable premium-positioned cannabis retail experience targeting modern consumers.

TypeBroad incumbent
Description

Canada's largest cannabis company with diversified operations spanning cultivation, retail (Tokyo Smoke, Tweed), and consumer products. Broad incumbent overlapping with Kiaro in retail and brand partnerships.

TypeDirect peer
Description

Franchise-based Canadian cannabis retail chain with stores across multiple provinces. Comparable curated multi-store retail model with private/public retail mix.

TypeBroad incumbent
Description

Major Canadian licensed producer with retail and international operations. Broad incumbent whose brands are stocked by Kiaro and which competes in cultivation and product categories.

TypeDirect peer
Description

Canadian cannabis retailer operating Canna Cabana and Meta Cannabis Co. stores across multiple provinces plus eCommerce. Directly comparable omnichannel cannabis retail model with broader geographic footprint.

TypeRegional player
Description

Government-operated cannabis retail monopoly in British Columbia. Direct competitor in Kiaro's home market, operating the largest store network in the province.

TypeDirect peer
Description

Canadian cannabis retailer with multiple retail banners including Meta Cannabis. Comparable multi-store, multi-province cannabis retail operator.

TypeDirect peer
Description

Canadian cannabis retail chain operating across multiple provinces. Comparable dispensary format and consumer targeting to Kiaro.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

kiaro

Cannabis Retailkiaro.com

Kiaro is a British Columbia-based recreational cannabis retailer operating five physical dispensaries in Vancouver, Port Moody, Victoria, Kelowna, and Revelstoke, offering same-day delivery, online ordering, and a curated selection of approximately 200 Canadian licensed-producer brands to adult consumers.

What kiaro does

Kiaro is a British Columbia-based recreational cannabis retailer operating five physical dispensary locations in Vancouver, Port Moody, Victoria, Kelowna, and Revelstoke. The company sells flower, pre-rolls, vapes, edibles, beverages, tinctures, topicals, and accessories, curating approximately 200 Canadian licensed-producer brands. Online ordering is powered by Shopify and supports both in-store pickup and same-day delivery across Greater Vancouver and surrounding BC communities. The legal entity is National Cannabis Distribution dba Kiaro, with corporate headquarters at #250-997 Seymour St, Vancouver, and the CEO is Daniel Petrov.

The business model is direct-to-consumer retail: one-time transactions on regulated cannabis products, with no subscription or wholesale distribution disclosed. Supporting products include the MyKiaro membership loyalty program, an iOS/Android mobile app with wallet functionality, and an Ask Kiaro Anything advisory service staffed by Kiaro Pathfinders. In July 2021, Kiaro Holdings Corp. acquired Cozy Cannabis, adding a Toronto retail location and three eCommerce platforms that extend digital reach into Ontario, the US, and Australia, though current operations appear concentrated in BC. The company is publicly listed under CVE:KO per firmographic data (though a separate source flags conflicting private-company status) and has disclosed a single capital event: a CAD $3.75 million debenture private placement in October 2021.

Operational scope is small (51-100 employees), revenue is not publicly disclosed, and the company has consolidated its footprint back to BC after earlier multi-province expansion (founders opened the first store in Saskatoon, Saskatchewan in 2018). Marketing is conducted organically through Instagram, TikTok, Facebook, and email newsletter, with no paid acquisition signals identified. Kiaro competes in a regulated category where entry barriers are licensing-driven rather than technology-driven, and its competitive positioning rests on curation breadth, multi-channel convenience, and brand relationships with licensed producers rather than proprietary technology.

kiaro firmographics

Firmographics
Name
kiaro
Legal name
National Cannabis Distribution dba Kiaro
Website
https://kiaro.com
Company type
Private
Founded year
2018
Operating status
Operating
Headcount range
51–100 employees
Short description
Kiaro is a British Columbia-based recreational cannabis retailer operating five physical dispensaries in Vancouver, Port Moody, Victoria, Kelowna, and Revelstoke, offering same-day delivery, online ordering, and a curated selection of approximately 200 Canadian licensed-producer brands to adult consumers.
Ownership category
akta.pro rank

kiaro industry classification

Industry
Product category
Cannabis Retail
NAICS
Pharmacies and Drug Retailers (45611)
SIC
Retail-Drug Stores And Proprietary Stores (5912)
akta.pro primary industry
Cannabis Dispensary + Delivery/Online Pickup (Omnichannel Retail) (CRANAFAG)
akta.pro secondary industries
Adult-Use (Recreational) Cannabis Delivery & Online Ordering (CRANAGAH), Cannabis Dispensary + Ancillary Retail (Accessories, CBD/Hemp, Merchandise) (CRANAFAH)

Keywords

  • Cannabis retail
  • Recreational cannabis
  • Cannabis dispensary
  • Cannabis delivery
  • Cannabis ecommerce

Where kiaro is headquartered

Location

Headquarters

HQ city
Vancouver
HQ country
Canada
HQ region
North America

Offices6 records

Markets served

kiaro business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

  1. Cannabis Retail Sales: Physical retail storefront and online ordering for in-store pickup and delivery of recreational cannabis products including flower, pre-rolls, vapes, edibles, beverages, tinctures, topicals, and accessories. Revenue generated through one-time product transactions.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

kiaro product offering

Product offering

Core offering

Kiaro operates a network of five physical cannabis dispensaries across British Columbia (Vancouver, Port Moody, Victoria, Kelowna, Revelstoke) complemented by a Shopify-powered online store offering in-store pickup and same-day delivery. The company curates products from nearly 200 Canadian cannabis brands across flower, pre-rolls, vapes, edibles, beverages, concentrates, tinctures, topicals, and accessories for adult recreational consumers (19+). Supporting features include the MyKiaro loyalty membership and mobile app for repeat purchasing.

Product overview

Kiaro is a cannabis retail company operating a network of physical dispensary locations across British Columbia (Vancouver, Port Moody, Victoria, Kelowna, Revelstoke) and offering online ordering with same-day delivery. The core offering combines in-store shopping with knowledgeable budtenders and a Shopify-powered eCommerce platform. Supporting features include the MyKiaro Membership loyalty program, the MyKiaro mobile app (iOS/Android), and Ask Kiaro Anything advisory consultations. The dispensaries stock nearly 200 Canadian cannabis brands across product categories including dried flower, pre-rolls, vapes, edibles, beverages, tinctures, and topicals.

Differentiator

Problem solved

Functional benefit

Brands

  • MyKiaro Membership: Customer membership program offering exclusive deals and rewards
  • Ask Kiaro Anything

Products and services

  • Kiaro Cannabis Retail Dispensaries Physical cannabis retail storefronts in British Columbia offering in-store shopping across flower, pre-rolls, vapes, edibles, beverages, tinctures, topicals, and accessories, with knowledgeable budtenders providing personalized product recommendations based on cannabinoid and terpene preferences. Targets legal-age adults (19+) for recreational cannabis purchases.
  • Kiaro Same-Day Cannabis Delivery Same-day cannabis delivery service operating in British Columbia serving Vancouver, Burnaby, Richmond, Surrey, Port Moody, Coquitlam, Port Coquitlam, SFU, Anmore, and Belcarra, with scheduled delivery windows and age verification upon delivery. Targets adult recreational cannabis consumers who prefer home delivery.
  • Kiaro Online Ordering with In-Store Pickup Fully compliant eCommerce platform powered by Shopify enabling customers to browse the cannabis menu, place orders online, and reserve products for in-store pickup at the nearest Kiaro dispensary location. Designed for legal-age adults seeking convenient pre-ordering of recreational cannabis products.

Companies that use kiaro

Customer profile

Segments1 record

Ideal customer profiles1 record

kiaro technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

kiaro partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • ShopifycoreTechnology or IntegrationKiaro BC is powered by Shopify, which enables the online store and eCommerce services including online ordering, menu management, and checkout functionality.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

kiaro competitors and assessment

Company assessment

Others

  • Shopify: Kiaro's eCommerce technology partner powering its online store and ordering platform. Ecosystem enabler rather than competitor, but critical infrastructure dependency.

Direct peers

  • Fire & Flower Holdings: Licensed cannabis retailer with stores across Alberta, Saskatchewan, Ontario, and BC, plus digital platform Firebird Delivery. Comparable omnichannel cannabis retail strategy in overlapping Canadian geographies.
  • Tokyo Smoke: Premium cannabis retail brand owned by Canopy Growth, operating stores in multiple provinces. Comparable premium-positioned cannabis retail experience targeting modern consumers.
  • Spiritleaf: Franchise-based Canadian cannabis retail chain with stores across multiple provinces. Comparable curated multi-store retail model with private/public retail mix.
  • High Tide Inc. Canadian cannabis retailer operating Canna Cabana and Meta Cannabis Co. stores across multiple provinces plus eCommerce. Directly comparable omnichannel cannabis retail model with broader geographic footprint.
  • Meta Growth Works: Canadian cannabis retailer with multiple retail banners including Meta Cannabis. Comparable multi-store, multi-province cannabis retail operator.
  • One Plant (Retailer) / Sessions Cannabis: Canadian cannabis retail chain operating across multiple provinces. Comparable dispensary format and consumer targeting to Kiaro.

Broad incumbents

  • Canopy Growth Corporation: Canada's largest cannabis company with diversified operations spanning cultivation, retail (Tokyo Smoke, Tweed), and consumer products. Broad incumbent overlapping with Kiaro in retail and brand partnerships.
  • Aurora Cannabis: Major Canadian licensed producer with retail and international operations. Broad incumbent whose brands are stocked by Kiaro and which competes in cultivation and product categories.

Regional players

  • BC Cannabis Stores: Government-operated cannabis retail monopoly in British Columbia. Direct competitor in Kiaro's home market, operating the largest store network in the province.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

kiaro social profiles

Digital presence

kiaro compliance and trust

Trust signal

Compliance3 records

kiaro financial estimates

Financial estimate

Revenue estimate

Valuation estimate

kiaro leadership team

Management profile

Number of profiles

Profiles1 record

kiaro funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

kiaro M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about kiaro

What does kiaro do?

Kiaro operates a network of five physical cannabis dispensaries across British Columbia (Vancouver, Port Moody, Victoria, Kelowna, Revelstoke) complemented by a Shopify-powered online store offering in-store pickup and same-day delivery. The company curates products from nearly 200 Canadian cannabis brands across flower, pre-rolls, vapes, edibles, beverages, concentrates, tinctures, topicals, and accessories for adult recreational consumers (19+). Supporting features include the MyKiaro loyalty membership and mobile app for repeat purchasing.

Is kiaro a public or private company?

kiaro is a private company. It is classified as public and is currently operating.

When was kiaro founded?

kiaro was founded in 2018. It employs 51 to 100 people.

Where is kiaro based?

kiaro is headquartered in Vancouver, Canada, in the North America region.

How does kiaro make money?

One revenue line is on record: cannabis Retail Sales.

Who are kiaro's main competitors?

Shopify is listed as an others. Direct peers are Fire & Flower Holdings, Tokyo Smoke, Spiritleaf, High Tide Inc., Meta Growth Works and One Plant (Retailer) / Sessions Cannabis. Broad incumbents are Canopy Growth Corporation and Aurora Cannabis. BC Cannabis Stores is listed as a regional player.

Does kiaro have an API?

No public API is recorded for kiaro.

What industry is kiaro in?

kiaro's product category is Cannabis Retail. Its primary akta.pro industry code is CRANAFAG, Cannabis Dispensary + Delivery/Online Pickup (Omnichannel Retail), with a secondary code of CRANAGAH, Adult-Use (Recreational) Cannabis Delivery & Online Ordering. Its NAICS code is 45611 and its SIC code is 5912.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
PR NewswireKiaro Diversification Delivers 58% Revenue Increase for Year Ended January 31, 2022Kiaro Holdings Corp reported record fiscal year 2022 revenues of $26.9 million, representing a 58% increase over the prior year, driven by strong organic growth and the successful acquisition and integration of two businesses—Hemisphere (doubling the retail footprint from 7 to 17 stores) and Vaped eCommerce. The diversified revenue streams across retail (65%), wholesale (30%), and eCommerce (5%) delivered gross profit of $7.7 million, up 51% year over year, with the company forecasting continued double-digit revenue growth for fiscal 2023. Adjusted EBITDA worsened from -$0.7 million to -$1.5 million due to COVID-19 restrictions, new store openings, and one-time acquisition integration costs.PR NewswireKiaro Announces DTC Eligibility ApprovalKiaro Holdings Corp., a Vancouver-based omni-channel cannabis retailer, announced that its common shares have become eligible for electronic clearing and settlement through the Depository Trust Company in the United States, which is expected to simplify trading and enhance liquidity for investors. Simultaneously, the company disclosed that CEO Daniel Petrov is taking an immediate medical leave of absence, with Chief Operating Officer Eleanor Lynch appointed as interim CEO. The DTC eligibility is anticipated to attract greater investment and trading activity from American investors as the company's shares become accessible to a broader range of investors on the OTC Markets.NewswireKiaro Announces Closing of $3.75 Million Brokered Private PlacementKiaro Holdings Corp. closed a $3.75 million brokered private placement of convertible debenture units to fund working capital and the operationalization of assets in Ontario, the US, and Australia. The financing was facilitated by lead agent Research Capital Corporation and Canaccord Genuity Corp., with related parties subscribing approximately $1.28 million.Wildeboer Dellelce LLPKiaro Holdings Corp. Completes $3.75 Million Private PlacementKiaro Holdings Corp. completed a brokered private placement of 3,759 debenture units for gross proceeds of $3,759,000. Research Capital Corporation served as the lead agent and sole bookrunner for the offering, with Canaccord Genuity Corp. participating in the syndicate. The transaction was facilitated by Wildeboer Dellelce LLP acting on behalf of the agents.PR NewswireKiaro Acquires Hemisphere Cannabis and Adds 7 Retail and 2 Development Locations in Ontario To Become a Prominent National Cannabis Retailer with Forecasted Annual Revenues of $42.7 MillionKiaro Holdings Corp. has entered into a definitive agreement to acquire all shares of 2734524 Ontario Inc. (dba Hemisphere Cannabis Co.) from Aegis Brands Inc., gaining 7 operational retail locations in Ontario plus 2 locations in development. The transaction will be settled through the issuance of 61.3 million Kiaro common shares and warrants, with potential for an additional 6.7 million shares upon achievement of commercial milestones within one year. Following closing, Kiaro expects its annual run rate revenue to increase to $42.7 million with a gross margin of $13.7 million, more than doubling its retail footprint, pending regulatory approvals from the Alcohol and Gaming Commission of Ontario and TSX Venture Exchange.PR NewswireKiaro enters Ontario, US and Australia through Strategic Acquisition of Cozy CannabisKiaro Holdings Corp. has entered into a definitive agreement to acquire all outstanding shares of Sculthorp SEO Inc. (Cozy Cannabis) for $1,350,000, comprised of $850,000 in common shares and $500,000 in cash, with the transaction expected to close in July 2021 pending regulatory approvals. The acquisition will give Kiaro its first brick-and-mortar retail location in Ontario's Trinity Bellwoods neighborhood of Toronto, as well as access to US and Australian markets through three eCommerce platforms: Vaped.ca, Vaped.com, and VaporizersDirect.com.au. Cozy Cannabis founder and CEO Christian Sculthorp will join Kiaro as Director of eCommerce for a minimum of six months to oversee integration and expansion of the digital portfolio.PR NewswireKiaro to Participate in Canaccord Genuity's 5th Annual Virtual Cannabis ConferenceKiaro Holdings Corp. announced that CEO Daniel Petrov, CFO Janet Hoffar, and COO Eleanor Lynch will speak at Canaccord Genuity's 5th Annual Virtual Cannabis Conference on May 11, 2021, with additional one-on-one meetings available throughout the day. The company, an omni-channel cannabis retailer based in Vancouver, British Columbia, operates storefronts across British Columbia and Saskatchewan and services wholesale distribution in Saskatchewan. Kiaro indicated plans for national expansion and the opening of multiple retail locations in the coming years.PR NewswireKiaro Reports 230% Increase in Revenue in Fiscal Year 2021Kiaro Holdings Corp. announced fiscal year 2021 financial results, reporting record revenues of $17.1 million, a 230% increase compared to $5.2 million the prior year, driven by opening four new retail locations, same-store sales growth, and expansion in the wholesale segment. The company achieved a gross margin of 38.1% for retail operations, reduced operating expenses to 12% of revenue, and completed a reverse-take-over of DC Acquisition Corp. to list on TSX Venture under the symbol 'KO' in October 2020. Subsequent to year-end, Kiaro raised $3 million through a bought deal private placement and completed the acquisition of a cannabis retail location in Kelowna, British Columbia.PR NewswireParcelPal to Launch Cannabis Delivery on April 15thParcelPal Technology Inc. announced it will launch cannabis delivery services in partnership with Kiaro on April 15th in Saskatoon, Saskatchewan, marking the company's entry into the cannabis delivery vertical. Customers can order cannabis products through Kiaro's website and receive delivery within an hour via ParcelPal's platform, with identity verification required both before ordering and at delivery. The companies have completed system integrations and are marketing the service, with plans to expand to additional cities in Saskatchewan and beyond.PR NewswireParcelPal Achieves Milestone of Two Million DeliveriesParcelPal Technology Inc. announced it has completed more than two million deliveries, marking significant growth as an on-demand logistics company operating in Canada with plans to expand into the United States. The company disclosed partnerships with Choom and Kiaro for medical and recreational cannabis delivery launching in April 2019, and retained Renmark Financial Communications for investor relations at a monthly cost of up to $5,000 CAD for six months.