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Emerald Health Therapeutics JV Completes First Alberta Order
Feb. 26, 2020 05:43AM PST
Cannabis Investing NewsEmerald Health Therapeutics announced its joint venture completed its first official order to Alberta as part of its supply deal with the province.
Emerald Health Therapeutics (TSXV:EMH,OTCQX:EMHTF) announced Pure Sunfarms, a 50/50 owned joint venture, completed its first official order to the Alberta Gaming, Liquor & Cannabis (AGLC) as part of a larger supply deal.
As quoted in the press release:
Pure Sunfarms’ recreational adult-use cannabis products will be available on Alberta’s only legal online store (AlbertaCannabis.org) in the first week of March and can be purchased by the province’s licensed private sector retailers. The AGLC is the wholesaler to private retailers and the only authorized online retailer in Alberta.
“We are pleased to see Pure Sunfarms’ advancement in one of the most important provincial cannabis markets in Canada and their brand appeal and success in Ontario,” said Riaz Bandali, President and CEO of Emerald. “PSF is well positioned in the three provinces representing more than half of Canadian cannabis sales, significant monthly sales growth in the past year, and almost two-thirds of the Canadian population.”
