Harvest One to supply medical cannabis to Shoppers Drug Mart

Harvest One Cannabis Inc (CVE:HVT) (OTCMKTS:HRVOF) strikes an agreement Monday to be a medical cannabis supplier to Shoppers Drug Mart through its wholly-owned subsidiary and cultivation arm United Greeneries Limited.

Under the terms of the deal, Harvest One will supply Shoppers Drug Mart with Satipharm branded medical cannabis products for its online medical cannabis website. Canadian regulations still restrict the sale of medical cannabis through pharmacies.

“We are incredibly proud to be working with Shoppers Drug Mart to supply them with our premium, indoor grown cannabis under the Satipharm health and wellness brand,” said Harvest One CEO Grant Froese. “We see this supply agreement as a further step towards fulfilling our vision of being a vertically integrated house of brands in the cannabis health, wellness, and self-care sector.”

READ: Flowr Corp’s medical cannabis available to patients online at Shoppers Drug Mart

United Greeneries has two main facilities, the Duncan Facility on Vancouver Island in British Columbia and the Lucky Lake Facility in Saskatchewan.

The Duncan Facility has 10,000 square feet of cultivation area and is licensed to cultivate and distribute medical marijuana by Health Canada. It has an inhouse biochemical and analytical lab. The facility can produce 1,000 kilograms of cannabis per annum, according to the company’s website.

This marks the first time that Satipharm branded cannabis will be available for purchase in Canada. The company said that it would work with Shoppers Drug Mart to help consumers make educated decisions. All Satipharm products will be color-coded to indicate their place on the progression chart from the high THC of SatiWhite to the high CBD of SatiPurple. United Greeneries will produce and ship an Indica variety of SatiSilver and a hybrid variety of SatiGreen.

“We continue to expand our capacity to support our growing brand portfolio which includes our recently announced transaction with Delivra as well as our existing brands Dream Water, Satipharm, Royal High, and Captain’s Choice” said Grant.

Dream Water is an all-natural, zero calorie sleep aid that is already available in 30,000 stores across the US and Canada. Comprised of three active ingredients (GABA, Melatonin and 5-HTP), the sleep aid caters to people who face difficulty falling asleep. Harvest One is now formulating a cannabidiol (CBD) version of Dream Water that will be made available where it is legal.

Vancouver-based Havest One serves as an umbrella over three wholly-owned subsidiaries: United Greeneries, which is a licensed producer; Satipharm, which develops cannabis-based health products; and Dream Water, which offers consumer sleep aids.

Contact Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive 

Story by ProactiveInvestors