48North Secures Cannabis Supply Deal with Alberta

48North Cannabis (TSXV:NRTH) signed a supply agreement with Alberta Gaming, Liquor & Cannabis (AGLC).

As quoted in the press release:

Under the supply agreement, 48North will supply AGLC with 2,460 kilograms of dried cannabis from its outdoor farm in Brant County, Ontario, (“Good Farm”) and other cannabis products such as pre-rolls from its indoor facilities in Brantford, Ontario, (“Good House”) and Kirkland Lake, Ontario, (“DelShen Therapeutics”).

Pending Health Canada approval, Good Farm is expected to produce an estimated 40,000 kilograms of organic, sun-grown cannabis, from more than 3.7 million square feet of outdoor cultivation space. In early May, the Company received its Confirmation of Readiness from Health Canada for its Good Farm application and is well-prepared to harvest cannabis outdoors in 2019.

“48North is looking forward to delivering high-quality, sun-grown, sustainable and organic cannabis to the Alberta cannabis market. Through today’s historic agreement, the first to supply outdoor grown cannabis to Alberta, 48North has taken another meaningful step to respond to market demand and provide a reliable and environmentally sustainable source of production for Alberta,” said Jeannette VanderMarel, co-CEO of 48North.

Click here to read the full press release.