Cannabis Wheaton Announces Four-Year Supply Deal with Aphria

Cannabis Wheaton Income (TSXV:CBW) announced a new binding interim supply agreement with Aphria (TSX:APH; OTCQB:APHQF) to purchase dried flower and cannabis oil.
As quoted in the press release:

Under the terms of the Agreement, Aphria will supply Navisent Inc., a subsidiary of Wheaton formed for the purposes of establishing international distribution channels with up to 60,000 kilograms of Cannabis Products between now and February 1, 2022. Securing the supply of Cannabis Products under the Agreement allows Wheaton to accelerate the execution of its international distribution strategy 12-18 months ahead of schedule and establish a strong presence in various federally legal international jurisdictions that are experiencing strong demand for medicinal cannabis products. The Agreement is to be superseded by a definitive agreement (the “Definitive Agreement”) to be entered into by Wheaton and Aphria imminently.

Hugo Alves, President of Wheaton Income, stated, “As we’ve demonstrated through our previously announced distribution partnerships, we are focused on building strategic distribution channels for Wheaton’s own cannabis products and those of our streaming partners.”

Click here to read the full press release.

Source: globenewswire.com