TORONTO, Aug. 9, 2019 /CNW/ – 48North Cannabis Corp. (“48North” or the “Company”) (TSXV:NRTH) announced today that it has successfully shipped its first order of cannabis to the Ontario Cannabis Store (“OCS”) for retail sale. The shipment marks the Company’s first foray into Ontario’s recreational retail market.
Today’s shipment is just the beginning of the Company’s relationship with the OCS. Looking ahead, 48North has agreed to supply 1,200 kilograms of sun-grown outdoor organic cannabis from Good:Farm and 180 kilograms of its high-quality craft indoor-grown cannabis from its northern cultivation facility, delshen. Today’s shipment pertains to the 180 kilograms from its indoor facilities.
“48North is looking forward to sharing our high-quality cannabis with Ontario consumers. Today’s shipment marks a major milestone for the Company. As we look ahead, the Company is well-prepared to deliver on all of its supply agreements, we look forward to sharing our products with consumers across the country,” said Alison Gordon, co-CEO of 48North.
By the end of the year, 48North products will be available for retail sale in Ontario, Alberta and Quebec. 48North has committed approximately 5,000 kilograms of cannabis from its three facilities to provincial distributors in 2019.
48North Cannabis Corp. (TSXV: NRTH) is a vertically integrated cannabis company focused on the health and wellness market through cultivation and extraction, as well as the creation of innovative, authentic brands for next-generation cannabis products. 48North is developing formulations and manufacturing capabilities for its own proprietary products, as well as positioning itself to contract manufacture similar products for third parties. 48North operates Good:Farm, a 100-acre organic cannabis farm that is expected to produce more than 40,000 kg of organic, sun-grown cannabis, securing a significant first-mover advantage in the production of low-cost, next-generation, extract-based cannabis products. In addition, 48North operates two indoor-licensed cannabis production sites in Ontario. 48North cultivates unique genetics at its wholly owned subsidiary, DelShen Therapeutics Corp. (“delshen”) and processes cannabis and manufactures next-generation cannabis products at 2599760 Ontario Corp. dba Good & Green (“Good & Green”), both Licensed Producers under the Cannabis Act. 48North has a growing portfolio of brands that include Latitude, a women’s cannabis platform (explorelatitude.com); Mother & Clone, a rapid-acting sublingual cannabis nanospray (momandclone.com); and Avitas, a single-strain vaporizer cartridge (avitasgrown.com).
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SOURCE 48North Cannabis Corp.