Dive Summary:

• Whole Foods grocery chain stores has announced it may open 40 or more stores in Canada as one part of an aggressive expansion into mainland Canada for the popular U.S. grocer.
• “By the time we actually get to the place of being able to open those stores, I expect the market will continue to evolve,” company co-chief executive John Mackey
• The company currently has only nine stores in Canada, all of which are located within major cities. According the sources, the company is currently scouting sources in Montreal.

From the article:

The company went public in 1992 with 12 stores and $92-million in annual sales. It now has about 350 stores, the vast majority of them in the United States, and yearly sales of $12-billion. The company has previously said that it could have 1,000 stores one day.