Tokyo Smoke closing 29 stores amid creditor protection proceedings

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Tokyo Smoke closing 29 stores amid creditor protection proceedings
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Cannabis retailer Tokyo Smoke says it will be shuttering 29 of its stores as it seeks creditor protection.

Alan Gertner CEO of Tokyo Smoke poses for a photograph at his business in Toronto on Tuesday, March, 2016. THE CANADIAN PRESS/Nathan Denette

Tokyo Smoke says the moves are meant to better align its operations with the current cannabis market and regulatory conditions, which the company says have changed "significantly."

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