Business
Harvest One Signs Premium Cannabis Supply Agreement and Provides Facilities Update
Harvest One Signs Premium Cannabis Supply Agreement and Provides Facilities Update ...
About this update from Delivra Health Brands Inc
[{"type":"text","content":"\n\n\n\nHarvest One Signs Premium Cannabis Supply Agreement and Provides Facilities Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 15, 2019\n\n\n\nVANCOUVER, July 15, 2019 /CNW/ - Harvest One Cannabis Inc. (\"Harvest One\" or the Company\") (TSX-V: HVT; OTCQX: HRVOF) is pleased to announce its wholly-owned subsidiary United Greeneries Ltd. (\"United Greeneries\") has entered into a supply agreement with 9869247 Canada Limited (\"Stevens Green\") dated July 1st, 2019, pursuant to which Stevens Green will cultivate and harvest United Greeneries' premium cannabis genetics at their facility in Ontario.\n\n \n \n\n \nHarvest One congratulates Stevens Green for receiving their cultivation license from Health Canada on July 5, 2019, and looks forward to working closely with the Stevens Green team to grow select United Greeneries' premium cannabis genetics in their indoor facility, for distribution under United Greeneries' established Royal High and Captain's Choice brands in the adult market.\nUnder the terms of the agreement, United Greeneries will supply clones of its premium strains, already in production at its licensed facility in Duncan, British Columbia, along with proprietary nutrient and irrigation techniques, and cultivation expertise, in order to ensure the production of consistent, premium craft cannabis its brands are recognized for. In turn, Stevens Green will cultivate, harvest and supply a minimum of 2,000 kgs of premium craft flower per year for an initial term of three years. The agreement contains an option for renewal with an increase in the minimum quantity of cannabis to be supplied, to 5,000 kgs per year. \n\"We are very pleased to be expanding our national footprint and increasing the supply for our own highly sought-after, premium, craft cannabis flower,\" said Grant Froese, Chief Executive Officer of Harvest One. \"This agreement triples Harvest One's current cultivation capacity without further capital or operational outlays.\"\nFacilities' Update\nPremium Indoor Cultivation\nHarvest ...