TORONTO, Might 15, 2019 /CNW/ – 48North Cannabis Corp. (“48North” or the “Company”) (TSXV:NRTH) announced nowadays 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 Might 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 goods such as pre-rolls from its indoor facilities in Brantford, Ont., (“Good House”) and Kirkland Lake, Ont. (“DelShen Therapeutics“).

Pending Wellness Canada approval, Superior Farm is anticipated to generate 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 Might, the Corporation received its Confirmation of Readiness from Wellness Canada for its Superior Farm application and is effectively-ready to harvest cannabis outdoors in 2019.

“48North is searching forward to delivering higher-top quality, sun-grown, sustainable and organic cannabis to the Alberta cannabis marketplace. Via today’s historic agreement, the initial to provide outside grown cannabis to Alberta, 48North has taken yet another meaningful step to respond to marketplace demand and give a dependable and environmentally sustainable supply of production for Alberta,” mentioned 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 firm signed an agreement with the Société québécoise du cannabis (SQDC) for 1,200 kilograms of dried cannabis from its Superior Farm in February 2019.

With each other 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 goods.

About 48North

48North Cannabis Corp. (TSXV: NRTH) is a vertically integrated cannabis firm focused on the well being and wellness marketplace by way of cultivation and extraction, as effectively as the creation of revolutionary, genuine brands for subsequent-generation cannabis goods.

The firm is building formulations and manufacturing capabilities for its personal proprietary goods, as effectively as positioning itself to contract manufacture comparable goods 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 exceptional genetics at its wholly owned subsidiaries, DelShen Therapeutics Corp. (“DelShen”) and 2599760 Ontario Corp. dba Superior & Green (“Good & Green”), each Licensed Producers beneath the Cannabis Act. In addition, topic to Wellness Canada approval, the firm expects to operate a 100-acre organic farm delivering 48North with organic, sun-grown cannabis securing a important initial-mover benefit in the production of low-expense, subsequent-generation, extract-primarily based cannabis goods.

48North has a increasing portfolio of brands that incorporate 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.

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