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WEALTH SHOP

FACT SHEET
Society Directors
JesseRiceJones,HarkrishanSidhuandBradQuevillon

Company Size

16employees

Soft Opening

May24,2016(VancouverandToronto)

Grand Opening

June1,2016(VancouverandToronto)

Store Locations

Vancouver
1044545West10thAvenue(PointGrey)

Toronto
1184EglintonAve.West(ForestHill)

Products and Services


Cannabisproductsandbyproducts
Referralsystemtoconnectpatientswithhealthcarepractitionersandprofessionals

Membership

Applicationsopen:May24,2016
Requirement:
Acompletedmedicalapplicationsignedbyahealthcarepractitioner

Timeline
July13,2015

Incorporation

August21,2015

AppliedforMedicalMarijuanaBusinessLicense

November23,2015

AppliedforBusinessDevelopmentPermit

February22,2016

GrantedBusinessDevelopmentPermit

May16,2016

GrantedBusinessLicense

WEALTH SHOP

FAQ
What inspired the name of your company?
Followingtrendsinthehealthandwellnessmarket,andtheslowtransitiontosustainableenergy,and
organic/sustainablefoodsources,webegantoseeashiftinfocustowardsahealthconscioussociety.
Wewanttochangethetruedefinitionwealth,andforus,thatmeansphysical,mental,emotional,and
spiritualwellbeing.Whatbetterplanttouseasacatalystforchange?Onethathasbeenusedforeach
pillarofwellnessforthousandsofyears.

When did you decide to go into this business?


Theinitialidea,andsubsequentplanningforTheWealthShopbeganinSeptemberof2015.Wedecided
asacollectivetoopenupTheWealthShoplateMay,2015.

What were some of the steps you had to go through in order to get the license?
Afterweincorporatedourbusiness,wehadtofirstapplyforstage1ofthemedicalmarijuanabusiness
license,ourapplicationdatewasAugust21st,2015.Afterwemetalltherequirementsforzoning(300
mfromschools,communitycentres,andothersensitiveuses),wewerethenabletoapplyforour
businessdevelopmentpermit.Atthispoint,ourlocationwasupforreview,andavailableforpublic
input.Afterreceivingourdevelopmentpermit,wewerethenabletobeginthefinalstage,whichwasfor
ouractualbusinesslicense.WereceivedourbusinesslicenseonMay16th,2016.

What is it difficult to obtain the license?


Itwasallabrandnewprocessforus,andthecityaswell.Weunderstoodthesituationgoingin,and
madesurewewerereadytocomplywithanychangesoradaptationsthatthecityfeltwerenecessary.

How long did the entire application process take?


Fromstarttofinish,9months.

Did you do anything special or provide anything different that convinced the city of Vancouver to grant you
the first license?
Wedidnotprovideordoanythingspecial.WesimplyfollowedtheprocedureslaidoutbytheCityof
Vancouververyprecisely.Theprocesswastransparentandwewereawarefromthegetgoexactlywhat
theCityofVancouverwasexpectingfromus.Wepaidcloseattentiontothedetailsandwemadesure
weprovidedtherequiredmaterialsontimetomeetthedeadlinessetout.TheCityheldinformation
sessionsinadvanceofacceptingtheactualapplicationsandthoseinchargehavebeenavailableand
responsivetoourquestionsthroughouttheentireprocess.

Do you think the license fee is too costly?


Weknewgoingintothisprocesswhatthefeewasgoingtobeforourindustry.Thefeesforabusiness
licencearesupposedtorepresentthevaryinglevelsofresourcesthatareallocatedtotheparticular

WEALTH SHOP

business.Weappreciatetheincreasedmunicipalresourcesthatarerequiredtoimplementanew
system,andweunderstandhowthismayhavecontributedtoahigherbusinesslicencefee.

How many stores will you have?


Wehave2locations,oneinVancouver(PointGrey)andtheotherinToronto(ForestHill).Wehave
anotherlocationunderconstructioninTorontoaswell.Wearelookingforwardtoexploringthe
possibilityofopeningupasecondandeventhirdlocationsinVancouveraswell.

How do your neighbours feel about your business? Have you had any support or concerns from neighbours?
Therehasbeenbothsupportandconcernfromneighbours.Aspartoftheapplicationprocess,our
neighbourswerenotifiedofourintentiontoopenaretailmedicalmarijuanabusinessandweregiven
theopportunitytoprovidetheCitywiththeircommentsandconcerns.As
Vancouverschieflicensing
inspectorAndreeaTomahascommunicated,
wesignedthegoodneighbouragreementwiththeCityand
weareabidingbywhatthemunicipalgovernmentexpectsofus.Wetakeourresponsibilitytoactas
goodcorporatecitizensveryseriouslyandwelookforwardtoworkingtogetherwithourneighboursand
supportingtheirbusinesses.

How many people do you employ?


Wecurrentlyhave16employeesbetweenTorontoandVancouver.Thoughweareconstantlylookingfor
newteammemberstokeepupwithourexpansion.

How do your employees feel about having a background check done?


WeunderstoodfromthebeginningthatVancouverwasgoingtorequireapoliceinformationcheckand
everypotentialemployeewasmadeawareofthisrequirementandeveryoneisopenandwillingtomeet
thisrequirement.

Why are you collaborating with healthcare practitioners and professionals?

Aholisticapproachtooptimalhealthandwellnessisimportanttousandourclients.Weareexcitedto
providemembersaccesstoknowledgeableandexperiencedhealthcareproviderswhocanadviseclients
ontheirindividualneeds.Ourapproachisveryclientcenteredandwewanttosupportanyonewho
suffersfrominjuries,chronicillnessorpainaswellasprovideassistancetothoselookingtoimprove
theirqualityoflife.

When are you opening your stores?


BoththeVancouverandTorontolocationswillopenonMay24,2016.

What kinds of products and services will you be offering?


Weofferalargeselectionofalternativehealthandwellnessproductsaswellasservicesandeducational
informationtothoseseekingamorehealthconsciouslifestyle.Ourcustomerserviceassociateswillbe
productknowledgeexpertswhoareabletoansweranyofourmembers'questionsandmake
suggestions.

Products:
Variousdriedcannabisstrains

WEALTH SHOP
Cannabistinctures,bathsoaksandscrubs,salvesandconcentrates
Alternativehealthproducts,books,clothing

Services:
Weareparticularlyexcitedtobeabletoofferourmembersaccesstohealthandwellness
professionalsfromnaturopaths,nutritionists,chiropractors,fitnesstrainersandphysicians.

When will you open applications for membership?


WeareopeningapplicationsformembershiponMay24,2016.

How many members are you anticipating to have?


Wehaveagoalofservingbetween80100membersdailyateachlocation,byyearsend.

Are there requirements to become a member?

Wetaketheresponsibilitythatwasgrantedalongwiththislicenseveryseriouslyandeachofour
memberswillberequiredtosubmitacompletedMedicalApplicationsignedbyahealthcare
practitioner.WealthShopmemberswillberequiredtoprovideacompletedmedicalapplicationform
includingaproofofdiagnosis.Ourteamwillconductitsownduediligencetoverifytheproofof
diagnosis.Eachmembermustprovidegovernmentapprovedphotoidentificationforeverypurchase.

MEDIA INQUIRIES
KeiBaritugo|BoldLoveCommunications
E:
kei@boldlove.ca
P:6047197423