TORONTO, May possibly 15, 2019 /CNW/ – 48North Cannabis Corp. (“48North” or the “Company”) (TSXV:NRTH) announced right now that it has signed a provide agreement with Alberta Gaming, Liquor & Cannabis (“AGLC”), Alberta’s wholesaler of recreational cannabis. 48North’s provide agreement with AGLC was signed on May possibly 15, 2019, and pertains to calendar year 2019.
Beneath the provide agreement, 48North will provide AGLC with two,460 kilograms of dried cannabis from its outside farm in Brant County, Ont., (“Good Farm”) and other cannabis merchandise such as pre-rolls from its indoor facilities in Brantford, Ont., (“Good House”) and Kirkland Lake, Ont. (“DelShen Therapeutics“).
Pending Well being Canada approval, Excellent Farm is anticipated to create an estimated 40,000 kilograms of organic, sun-grown cannabis, from much more than three.7 million sq. ft. of outside cultivation space. In early May possibly, the Enterprise received its Confirmation of Readiness from Well being Canada for its Excellent Farm application and is nicely-ready to harvest cannabis outdoors in 2019.
“48North is searching forward to delivering higher-high quality, sun-grown, sustainable and organic cannabis to the Alberta cannabis marketplace. Via today’s historic agreement, the initially to provide outside grown cannabis to Alberta, 48North has taken yet another meaningful step to respond to marketplace demand and offer a trustworthy and environmentally sustainable supply of production for Alberta,” stated Jeannette VanderMarel, co-CEO of 48North.
This provide agreement marks the Company’s second provide agreement with a provincial distributor for outside-grown cannabis. The business signed an agreement with the Société québécoise du cannabis (SQDC) for 1,200 kilograms of dried cannabis from its Excellent Farm in February 2019.
Collectively with its two licensed indoor facilities, 48North’s proposed organic outside cannabis farm additional cements the Company’s position as an sector leader with respect to the improvement and distribution of subsequent-generation cannabis merchandise.
48North Cannabis Corp. (TSXV: NRTH) is a vertically integrated cannabis business focused on the overall health and wellness marketplace by means of cultivation and extraction, as nicely as the creation of revolutionary, genuine brands for subsequent-generation cannabis merchandise.
The business is creating formulations and manufacturing capabilities for its personal proprietary merchandise, as nicely as positioning itself to contract manufacture comparable merchandise for third parties. 48North operates two indoor-licensed cannabis production internet sites in Ontario with much more than 86,000 square feet of production capacity.
48North cultivates distinctive genetics at its wholly owned subsidiaries, DelShen Therapeutics Corp. (“DelShen”) and 2599760 Ontario Corp. dba Excellent & Green (“Good & Green”), each Licensed Producers beneath the Cannabis Act. In addition, topic to Well being Canada approval, the business expects to operate a 100-acre organic farm offering 48North with organic, sun-grown cannabis securing a substantial initially-mover benefit in the production of low-price, subsequent-generation, extract-primarily based cannabis merchandise.
48North has a increasing portfolio of brands that consist of Latitude, a women’s cannabis platform (explorelatitude.com) Mother & Clone, a fast-acting sublingual cannabis nanospray (momandclone.com) and Avitas, a single-strain vaporizer cartridge (avitasgrown.com).
Featured image courtesy of Mindsparkle Mag.