TORONTO, Aug. 9, 2019 /CNW/ – 48North Cannabis Corp. (“48North” or the “Company”) (TSXV:NRTH) announced nowadays that it has effectively shipped its very first order of cannabis to the Ontario Cannabis Retailer (“OCS”) for retail sale. The shipment marks the Company’s very first foray into Ontario’s recreational retail marketplace.
Today’s shipment is just the starting of the Company’s partnership with the OCS. Searching ahead, 48North has agreed to provide 1,200 kilograms of sun-grown outside organic cannabis from Superior:Farm and 180 kilograms of its higher-top 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 seeking forward to sharing our higher-top quality cannabis with Ontario buyers. Today’s shipment marks a significant milestone for the Business. As we appear ahead, the Business is nicely-ready to provide on all of its provide agreements, we appear forward to sharing our merchandise with buyers across the nation,” stated Alison Gordon, co-CEO of 48North.
By the finish of the year, 48North merchandise will be out there 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 firm focused on the overall health and wellness marketplace by way of cultivation and extraction, as nicely as the creation of revolutionary, genuine brands for subsequent-generation cannabis merchandise. 48North is building formulations and manufacturing capabilities for its personal proprietary merchandise, as nicely as positioning itself to contract manufacture related merchandise for third parties. 48North operates Superior:Farm, a 100-acre organic cannabis farm that is anticipated to make extra than 40,000 kg of organic, sun-grown cannabis, securing a substantial very first-mover benefit in the production of low-expense, subsequent-generation, extract-primarily based cannabis merchandise. In addition, 48North operates two indoor-licensed cannabis production web-sites in Ontario. 48North cultivates special genetics at its wholly owned subsidiary, DelShen Therapeutics Corp. (“delshen”) and processes cannabis and manufactures subsequent-generation cannabis merchandise at 2599760 Ontario Corp. dba Superior & Green (“Good & Green”), each Licensed Producers beneath the Cannabis Act. 48North has a developing portfolio of brands that contain Latitude, a women’s cannabis platform (explorelatitude.com) Mother & Clone, a speedy-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. Specific statements contained in this press release constitute forward-seeking details. These statements relate to future events or future overall performance. The use of any of the words “could,” “intend,” “expect,” “believe,” “will,” “projected,” “estimated” and related expressions and statements relating to matters that are not historical details are intended to recognize forward-seeking details and are primarily based on the parties’ existing beliefs or assumptions as to the outcome and timing of such future events. Actual future final results may possibly differ materially. Please refer to the Company’s SEDAR filings for additional information regarding the dangers related with the Company’s organization. The forward-seeking details contained in this release is produced as of the date hereof and the parties are not obligated to update or revise any forward-seeking details, irrespective of whether as a outcome of new details, future events or otherwise, except as essential by applicable securities laws. Since of the dangers, uncertainties and assumptions contained herein, investors really should not location undue reliance on forward-seeking details. The foregoing statements expressly qualify any forward-seeking details 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