Heritage Cannabis signs commercial agreement with Canopy Growth for the supply of bulk concentrates, including live resin

Heritage Cannabis Holdings Corp said it has signed a commercial agreement with Canopy Growth Corp for the supply of bulk concentrates, including live resin.

The company recently provided the first shipment of live resin to Canopy, with future purchase orders and shipments to follow.

“I am honoured that Heritage is being recognized by Canopy and was selected as the pre-eminent commercial partner to supply their bulk concentrates,” said David Schwede, CEO of Heritage in a statement.

“We are excited to launch this relationship as it demonstrates our depth and breadth of experience in cannabis extraction and provides a high gross margin revenue stream to our well-established platform – one that we will continue to grow through a number of additional commercial relationships we are pursuing, he added.

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Canopy, a Canadian leader when it comes to revenue and market share in the cannabis space, has engaged Heritage for bulk concentrate supply. It chose Heritage based on its product quality, consistency, industry-proven technology and innovation, and the ability to execute on pace with Canopy’s growth.

The Heritage platform and second-to-none execution provides speed-to-market that Canopy can leverage to continue their positive momentum, the conmpany said.

Heritage Cannabis is a leading cannabis company offering innovative products to both the medical and recreational legal cannabis markets in Canada and the US, operating under two licensed manufacturing facilities in Canada.

The company has an extensive portfolio of high-quality cannabis products under the brands Purefarma, Pura Vida, RAD, Premium 5, feelgood., CB4 suite of medical products in Canada, and ArthroCBD in the US.

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Story by ProactiveInvestors