- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
48North Cannabis announced a business partnership with humble+fume to develop a facility and secure a purchase order.
48North Cannabis (TSXV:NRTH) announced a business partnership with humble+fume to develop a facility and secure a purchase order.
As quoted in the press release:
Under the extraction partnership, humble+fume will build a state-of-the-art cannabis extraction facility and packaging line within 48North’s fully-licensed cultivation and processing facility (“Good House”) in Brantford, Ontario. This announcement represents a key milestone in the execution of the Company’s extraction strategy. Upon completion of the extraction facility, 48North will be able to process over 30,000 [kilograms] of cannabis mass annually. The extraction equipment and packaging line will be a shared resource between humble+fume and 48North.
The build-out of the extraction facility and packaging line is expected to be completed in summer 2019 and is being paid by humble+fume.
In addition to the extraction agreement, 48North is also pleased to announce that humble+fume has agreed to purchase 5,000 [kilograms] of dried cannabis and 1,000 [kilograms] of trim, from its outdoor cultivation site the Good Farm at fair-market value, pending Health Canada approval.
“48North plans on using a significant portion of its significant outdoor production volume for extracted, value-added products. The build-out of the extraction facility and packaging line at the Good House, guarantees 48North’s ability to extract and process its sun-grown organic cannabis for next-generation cannabis products,” said Alison Gordon co-CEO of 48North.
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.