Business
Village Farms International's Cannabis Joint Venture Pure Sunfarms Begins Shipping Branded Products to Alberta Provincial Wholesaler / Pure Sunfarms is Top Performing Dried Flower Brand for Fourth Quarter 2019 with Ontario Cannabis Store
– Launch in Alberta Will Make Pure Sunfarms' Products Available to Nearly Two-Thirds of Canadian Recreational Cannabis Market1 – VANCOUVER, Feb. 26, 2020
About this update from Village Farms International, Inc.
[{"type":"text","content":"– Launch in Alberta Will Make Pure Sunfarms' Products Available to Nearly Two-Thirds of Canadian Recreational Cannabis Market1 –\n VANCOUVER, Feb. 26, 2020 /PRNewswire/ - Village Farms International, Inc. (\"Village Farms\" or the \"Company\") (TSX: VFF) (NASDAQ: VFF) today announced its majority-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has begun shipping branded, packaged dried cannabis products to Alberta Gaming, Liquor & Cannabis (\"AGLC\"), the provincial wholesaler of recreational adult-use cannabis products to private retailers in Alberta and the only authorized online retailer in Alberta (AlbertaCannabis.org). Pure Sunfarms expects its products to be available to retail customers in Alberta beginning next week.\nWith the launch of Pure Sunfarms' products in Alberta, Pure Sunfarms' products will be available in three of Canada's four most populous provinces (Ontario, British Columbia and Alberta) and accessible to nearly two-thirds of the Canadian recreational cannabis market1.\nAlberta represents approximately 12% of Canada's population, however with a network of more than 400 retail stores (by far the largest retail store network of any Canadian province) generated 22% of total retail trade cannabis sales (dollars) in Canada for the 12-month period ended December 31, 20192, making it the second largest provincial market for cannabis products in Canada. As a result, Alberta has by far the highest per capita sales of legal recreational cannabis amongst the four most populous Canadian provinces during that same period2. \n\"At Pure Sunfarms, we aim to bring high-quality cannabis at an accessible price to recreational consumers across Canada – that's why we are so excited to expand our footprint into Alberta,\" said Mandesh Dosanjh, President and CEO, Pure Sunfarms. \"With the province's extensive network of licensed retail outlets and strong retail sales, the Alberta cannabis market presents a substantial opportunity for Pure Sunfarms as we continue to share our high-quality BC bud with even more Canadians.\"\nPure Sunfarms continues to advance discussions with other provincial distributors for potential supply agreements to further expand its presence in the Canadian cannabis market.\nPure Sunfarms is Top Performing Dried Flower Cannabis Brand with Ontario Cannabis Sto...