Harvest One Cannabis to supply medicinal cannabis business Health House; finance chief steps down

Harvest One Cannabis Inc (CVE:HVT) (OTCMKTS:HRVOF) said Thursday it was set to become a supplier to the renowned medicinal cannabis business, Health House International.

Vancouver-based Harvest One will supply Health House with Satipharm CBD 50mg Gelpell capsules.

READ: Harvest One completes first shipment of medical cannabis to Shoppers Drug Mart

In a separate statement Thursday, Harvest One said its chief financial officer (CFO) Lisa Dea has resigned to pursue other opportunities.

The company said its Gelpell pills will continue to be available in Australia and will be expanded into New Zealand and Asia where and when legal.

“This agreement with Health House increases the availability of our Satipharm CBD 50mg Gelpell capsules across Australia, while expanding Satipharm’s medical cannabis distribution territories to New Zealand and Asia where and when legal,” said Grant Froese, CEO of Harvest One.

“We are committed to delivering the highest quality cannabinoid-based products globally. As further regions become available, we will endeavor to put agreements in place that will allow us to meet the needs of our patients.”

Meanwhile, pharmacist, CEO and founder of Health House Paul Mavor added: “The capsule is a pharmaceutically elegant and convenient dosage form for those who have been prescribed CBD.”

Health House International was the first medical cannabis importer into Australia and currently wholesales to pharmacies and researchers around the country.

Remain as advisor

Former CFO Dea will remain in an advisory capacity at Harvest One to ensure a smooth transition as the company commences the search for a new finance chief.

Chris Podolsky has been appointed CFO until a permanent replacement is found.

“I would like to thank Mrs. Dea for her hard work and contributions to Harvest One over the last two years,” said Froese, chief executive at Harvest One.

“In particular, Lisa played an integral role in establishing the company’s initial corporate structure and several financings to ensure the long-term growth of the company. We are delighted Lisa has agreed to remain in an advisory capacity to ensure continuity during this time.”

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Story by ProactiveInvestors