CannaRoyalty (CSE:CRZ) announced it obtained the exclusive rights to distribute and manufacture Pacific Remedy’s infused pre-rolls in California.
As quoted in the press release:
The Agreement also provides CannaRoyalty with the option to purchase global brand rights (the “Option”) for the premium infused pre-roll manufacturer.
“Brands are true value. Built through real consumer trust. They are our mission,” said Marc Lustig, Chairman & CEO, CannaRoyalty.
Pacific Remedy is a California-based brand founded by Timothy Elze and Jon Rivera. Pacific Remedy’s uniquely designed infused pre-rolls make them a differentiated manufacturer in the premium pre-roll category. In 2017, Pacific Remedy’s products were carried in 13 cannabis dispensaries throughout the Bay Area and Southern California. Subsequent to this Agreement, Pacific Remedy will be able to sell its premium product through CannaRoyalty’s distribution network, which covers the majority of California’s approximately 500 licensed dispensaries.