TORONTO, Aug. 9, 2019 /CNW/ – 48North Cannabis Corp. (“48North” or the “Company”) (TSXV:NRTH) announced nowadays that it has effectively shipped its initial order of cannabis to the Ontario Cannabis Shop (“OCS”) for retail sale. The shipment marks the Company’s initial foray into Ontario’s recreational retail industry.
Today’s shipment is just the starting of the Company’s partnership with the OCS. Seeking ahead, 48North has agreed to provide 1,200 kilograms of sun-grown outside organic cannabis from Very good:Farm and 180 kilograms of its higher-high quality craft indoor-grown cannabis from its northern cultivation facility, delshen. Today’s shipment pertains to the 180 kilograms from its indoor facilities.
“48North is searching forward to sharing our higher-high quality cannabis with Ontario buyers. Today’s shipment marks a main milestone for the Corporation. As we appear ahead, the Corporation is effectively-ready to provide on all of its provide agreements, we appear forward to sharing our goods with buyers across the nation,” mentioned Alison Gordon, co-CEO of 48North.
By the finish of the year, 48North goods will be accessible for retail sale in Ontario, Alberta and Quebec. 48North has committed around five,000 kilograms of cannabis from its 3 facilities to provincial distributors in 2019.
48North Cannabis Corp. (TSXV: NRTH) is a vertically integrated cannabis business focused on the wellness and wellness industry via cultivation and extraction, as effectively as the creation of revolutionary, genuine brands for subsequent-generation cannabis goods. 48North is creating formulations and manufacturing capabilities for its personal proprietary goods, as effectively as positioning itself to contract manufacture equivalent goods for third parties. 48North operates Very good:Farm, a 100-acre organic cannabis farm that is anticipated to generate far more than 40,000 kg of organic, sun-grown cannabis, securing a considerable initial-mover benefit in the production of low-expense, subsequent-generation, extract-primarily based cannabis goods. In addition, 48North operates two indoor-licensed cannabis production web sites in Ontario. 48North cultivates exclusive genetics at its wholly owned subsidiary, DelShen Therapeutics Corp. (“delshen”) and processes cannabis and manufactures subsequent-generation cannabis goods at 2599760 Ontario Corp. dba Very good & Green (“Good & Green”), each Licensed Producers below the Cannabis Act. 48North has a developing portfolio of brands that involve 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).
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Neither TSX Venture Exchange nor its Regulation Solutions Provider (as that term is defined in the policies of the TSX Venture Exchange) accept duty for the adequacy or accuracy of this release. Particular statements contained in this press release constitute forward-searching information and facts. These statements relate to future events or future functionality. The use of any of the words “could,” “intend,” “expect,” “believe,” “will,” “projected,” “estimated” and equivalent expressions and statements relating to matters that are not historical information are intended to recognize forward-searching information and facts and are primarily based on the parties’ existing beliefs or assumptions as to the outcome and timing of such future events. Actual future benefits may possibly differ materially. Please refer to the Company’s SEDAR filings for additional information regarding the dangers connected with the Company’s business enterprise. The forward-searching information and facts contained in this release is produced as of the date hereof and the parties are not obligated to update or revise any forward-searching information and facts, whether or not as a outcome of new information and facts, future events or otherwise, except as essential by applicable securities laws. Since of the dangers, uncertainties and assumptions contained herein, investors really should not spot undue reliance on forward-searching information and facts. The foregoing statements expressly qualify any forward-searching information and facts contained herein.
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Alison Gordon, Chief Executive Officer, ([email protected]) Connor Whitworth, Director of Corporate Affairs, ([email protected])Copyright CNW Group 2019