Eve (TSXV:EVE) announced its subsidiary Natural MedCo obtained a supply agreement with the Newfoundland Labrador Liquor Corporation for the distribution of recreational cannabis.
As quoted in the press release:
Sales under such agreement remain subject to receipt of an authorization from the Province of Newfoundland and Labrador.
The NLC is a provincial Crown corporation responsible for managing the sale and distribution of non-medicinal cannabis in the Province of Newfoundland and Labrador.
Eve intends to commence sales of recreational cannabis under its new “Eve” brand this October, a premier recreational cannabis brand for women. “We are very excited to have entered into our third agreement with a provincial distributor in connection with supplying the Canadian adult-use market from coast to coast,” commented Melinda Rombouts, President and CEO of Eve.