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Village Farms International Announces Pure Sunfarms' Cannabis Supply Agreement for Alberta
– Third Provincial Supply Agreement Extends Pure Sunfarms' Presence into Third Largest Cannabis Market in Canada and Expands Access to Nearly Two-Thirds of
About this update from Village Farms International, Inc.
[{"type":"text","content":"– Third Provincial Supply Agreement Extends Pure Sunfarms' Presence into Third Largest Cannabis Market in Canada and Expands Access to Nearly Two-Thirds of Canadian Population –\n VANCOUVER, Nov. 27, 2019 /PRNewswire/ - Village Farms International, Inc. (\"Village Farms\" or the \"Company\") (TSX:VFF; Nasdaq:VFF) today announced that its majority-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has entered into a supply agreement with the Alberta Gaming, Liquor & Cannabis Commission (\"AGLC\") to supply recreational adult-use cannabis products to Alberta's licensed private retailers, including Alberta's only legal online source for recreational cannabis, AlbertaCannabis.org. The AGLC is the wholesaler to private retailers and the only authorized online retailer in Alberta. Pure Sunfarms expects to begin shipping its branded packaged dried flower, inclusive of pre-rolls, which are anticipated to enter Pure Sunfarms' product lineup, to the AGLC in the coming weeks and months. \nAlberta represents approximately 12% of Canada's population, however with a network of more than 330 retail stores (by far the largest retail store network of any Canadian province) represented 21% of total retail trade cannabis sales in Canada for the nine-month period from January to September 20191. As a result, Alberta has by far the highest per capita sales of legal recreational cannabis amongst the four largest Canadian provinces during that same period1. Alberta saw month over month sales growth for September 2019 of 4%1. \n\"Today's supply agreement with Alberta presents a strong opportunity for Pure Sunfarms to expand our reach across Canada,\" said Mandesh Dosanjh, President and CEO, Pure Sunfarms. \"The province has led the way since legalization, and we believe that Albertans will welcome our product with the same enthusiasm we've seen to date in Ontario and B.C. Our high-quality cannabis – hand selected for flavour, potency and consistency – at an affordable price has been in high demand since our branded retail launch in September.\"\n\"Alberta has done an outstanding job of rapidly establishing a large retail cannabis store network – more than 330 locations strong – and this new Supply Agreement for Alberta allows Pure Sunfarms, already a leading brand in Ontario and BC, to expand into anothe...