Cannabis News

Sunniva announced its subsidiary CP Logistics secured an extraction contract with Farmacy Phactory in California.

Sunniva (CSE:SNN; OTCQX:SNNVF) announced its subsidiary CP Logistics secured an extraction contract with Farmacy Phactory in California.

As quoted in the press release:

Under the terms of the agreements, the Sun-Oil Facility will provide them with high quality, ultra-purified manufactured distilled oil products including specialized flavored distilled oil formulations to be utilized within vaporization cartridges. The agreement is for a 12-month term that may be renewed for an additional 12 months at the request of Farmacy Phactory at the expiry of the initial term. Sunniva, via ownership of its wholly-owned subsidiary Full-Scale Distributors, LLC, and through its brand, Vapor Connoisseur, will also provide them with specialized vaporization hardware and accessories.

“This is a significant milestone as it establishes Sunniva as a trusted manufacturer of clean, high quality extracted products and reliable hardware to support the vibrant California extraction market place. The operational Sun-Oil Facility, located one mile from the Sunniva California Campus in Cathedral City, will produce over 600,000 filled vaporization cartridges a month at capacity, and we intend to execute additional white label contracts with other leading brands. The Sun-Oil Facility is licensed for both volatile and non-volatile extraction enabling Sunniva to produce all forms of extracted products,” said Dr. Anthony Holler, CEO, Sunniva.

Click here to read the full press release.

Source: markets.businessinsider.com

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