Harvest One subsidiary inks supply agreement with Stevens Green
Harvest One Cannabis Inc (CVE:HVT) (OTCMKTS:HRVOF) subsidiary United Greeneries Ltd has entered a supply agreement in which 9869247 Canada Limited will cultivate and harvest its cannabis genetics.
The company, known as Stevens Green, will grow at least 2,000 kilograms of United Greeneries cannabis at its facility in Ontario for an initial term of three years.
United will provide clones of its cannabis strains that are currently in production at its Duncan, British Columbia facility. The final products will be distributed under United’s Royal High and Captain’s Choice brands.
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After three years, the deal can be expanded to 5,000 kilograms per year.
“We are very pleased to be expanding our national footprint and increasing the supply for our own highly sought-after, premium, craft cannabis flower,” CEO Grant Froese said. “This agreement triples Harvest One’s current cultivation capacity without further capital or operational outlays.”
All told, the Vancouver-based Harvest One is targeting a total production of 20,000 kilograms per year.
Contact Andrew Kessel at [email protected]
Follow him on Twitter @andrew_kessel
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/223921/harvest-one-subsidiary-inks-supply-agreement-with-stevens-green-223921.html
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