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Canopy Growth Signs Significant Supply and Sales Agreement with Sunniva Medical Inc
Canopy Growth Signs Significant Supply and Sales Agreement with Sunniva Medical Inc.
About this update from Sunniva Inc
[{"type":"text","content":"\n\n\n\nCanopy Growth Signs Significant Supply and Sales Agreement with Sunniva Medical Inc\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\nCanopy Growth Signs Significant Supply and Sales Agreement with Sunniva Medical Inc\nCanada NewsWire\nSMITHS FALLS, ON, Feb. 21, 2018\n\n\n\nSMITHS FALLS, ON, Feb. 21, 2018 /CNW/ - Canopy Growth Corporation (\"Canopy Growth\" or the \"Company\") (TSX:WEED) is pleased to announce the signing of a definitive supply agreement with Sunniva Inc. (\"Sunniva\") (CSE:SNN) (OTCQX:SNNVF). Through the terms of this two-year agreement, Canopy Growth will purchase up to 90,000 kilograms of dried cannabis from Sunniva's wholly-owned Canadian subsidiary, Sunniva Medical Inc., a late-stage Access to Cannabis for Medical Purposes Regulations (\"ACMPR\") applicant, and sister company of Natural Health Services, the sector's largest non-Licensed Producer medical patient network with tens of thousands of active registrations in the ACMPR. \n\n\nThe agreement will see Sunniva grow Canopy's existing line-up of award winning genetics as well as its own branded products, both for sale through Canopy Growth's extensive distribution network, including Tweedmainstreet.com, the planned Tweed retail store network across the country, and through provinces in which Canopy has already established historic supply agreements. The deal secures a diverse supply of curated cannabis products for Canopy Growth and a reliable sales channel and stream of revenue for Sunniva, with appropriate risk sharing formulas in place for both parties.  \n\n\n\"We welcome Sunniva to the Canopy Growth family and look forward to collaborating with their team to provide a steady and high-quality source of cannabis products for consumers,\" said Mark Zekulin, President, Canopy Growth. \"Through provincial distribution channels, brick and mortar locations, and our online Tweed Main Street e-commerce platform we are diversifying our ability to deliver a one-stop shopping experience to consumers and provincial bodies alike. With partners like Sunniva, we are well posit...