Business
Vertical Exploration Signs Distribution Agreement with AREV Brands International Ltd. to Supply St-Onge Wollastonite to the Cannabis and Hemp Industries
VANCOUVER, BC / ACCESSWIRE / November 21, 2019 / VERTICAL EXPLORATION INC. (TSXV:VERT) ("Ver...
About this update from Vertical Exploration Inc.
[{"type":"text","content":"Vertical Exploration Signs Distribution Agreement with AREV Brands International Ltd. to Supply St-Onge Wollastonite to the Cannabis and Hemp IndustriesVANCOUVER, BC / ACCESSWIRE / November 21, 2019 / VERTICAL EXPLORATION INC. (TSXV:VERT) (\"Vertical\" or \"the Company\") and AREV BRANDS INTERNATIONAL LTD. (CSE:AREV) (\"AREV Brands\") are pleased to announce that, further to the press release of September 12th, 2019, the two companies have entered into a definitive distribution agreement to partner on the sale of Vertical's wollastonite from its world-class St-Onge Deposit in order to supply the fast growing cannabis and hemp industries.Vertical and AREV Brands have agreed to enter into this distribution agreement, whereby Vertical will supply wollastonite materials produced from its St-Onge mineral property located in Quebec to AREV Brands for distribution and/or resale to both small scale \"craft\" cannabis or hemp growing operations and large scale cannabis or hemp growing operations licensed by Health Canada.Vertical's high quality wollastonite has been shown to be beneficial to cannabis plants in a variety of ways. In February 2019, Vertical announced the successful completion of Phase Three trials involving cannabis grown with wollastonite (CaSiO3) as a soil additive at BC Bud Depot's (BCBD) ACMPR-licenced Research and Development facilities in Vancouver, BC. In the Phase Three trials BCBD measured and recorded significant improvements in root mass, powdery mildew control and pest elimination. At a microscopic level, wollastonite's needle-like structure penetrates soft-bodied insect larvae and pupae, interrupting the life cycle without the use of pesticides. Wollastonite's unique properties also allow it to break down into calcium, magnesium and silicon in a highly bio-available form that balances soil PH throughout the growth cycle - this allows the cannabis plants to uptake silicic acid and promotes strong cell walls that better resist insect feeding and spore penetration, supporting increased growth and elevated product yields. (see February 5th, 2019 news release)Peter P. Swistak, President/CEO of Vertical Exploration Inc., commented: \"We are very pleased to have signed our first distribution and sales agreement with AREV Brands, as we believe there is a large and growing cannabis and hemp market opportunity for Verti...