CREEMORE, ON, May 21, 2019 /CNW/ - Agripharm Corp. ("Agripharm") is pleased to announce that it has secured an outdoor cultivation licence from Health Canada. Agripharm will be growing its first outdoor crop this season utilizing its exclusive Canadian licence for Green House Seed Co.'s award-winning catalogue of genetics.
"Agripharm is growing some of the world's best and rarest cannabis genetics in Canadian soil," said Green House Brands founder Arjan Roskam. "We've selected strains that are optimal for outdoor production in Creemore and that we expect will yield premium bud." Green House Brands includes Green House Seed Co. and Strain Hunters. The two brands have a combined library of over 90 unique cannabis strains and have won numerous international awards for their genetics, including 42 High Times Cannabis Cups.
Agripharm is co-owned by SLANG Worldwide ("SLANG") (CNSX: SLNG), Canopy Growth Corporation ("Canopy Growth") (TSX: WEED, NYSE: CGC) and Green House Holdings North America Inc. and is a Canopy Rivers Inc. ("Canopy Rivers") (TSXV: RIV, OTC: CNPOF) portfolio company.
Agripharm will be putting plants in the ground imminently and growing them according to organic principles as the company prepares for organic certification. Resulting biomass, which is expected to be harvested in the fall, will become branded products in the SLANG portfolio of brands, to which Agripharm holds exclusive Canadian rights. "Outdoor production has potential to increase our capacity by more than five times as we prepare to market SLANG products nationwide," said Agripharm co-founder Naomi Miller.
Subject to compliance with applicable laws, Agripharm will be distributing Green House Seed Co. branded flower and O.penVAPE branded vape cartridges and devices in the fall. "SLANG's brands are among the most popular consumer brands in the U.S. cannabis market, and Agripharm is now poised to bring them to Canada, unconstrained by supply" said SLANG Chief Executive Officer and Agripharm co-founder Peter Miller.
Agripharm's licence also gives Canopy Rivers its first exposure to outdoor cannabis production.
Agripharm is a licensed producer of cannabis in Creemore, Ontario. Founded in 2013, Agripharm is home to both the first cannabis production facility built from the ground up and the first supercritical CO2 extraction lab in Canada. Agripharm is owned by SLANG Worldwide Inc., Canopy Growth Corp. and Green House Seed Co. and to be a Canopy Rivers Inc. portfolio company. Agripharm has exclusive Canadian rights to the intellectual property , strains and brands of Green House Seed Co., one of the preeminent global providers of cannabis genetics, and its sister brand Strain Hunters. Agripharm is also the Canadian distributor of SLANG Worldwide's portfolio of leading US consumer cannabis brands.
About Green House Holdings North America Inc.
Green House Brands is bringing the most awarded and recognized cannabis brand in the world to the North American market. Established in 1985 in Amsterdam, the Green House Brands portfolio includes five leading marijuana businesses – Strain Hunters, Green House Seed Co., Green House Feeding, Green House Coffee shops & King of Cannabis — as seen on VICE & National Geographic. Green House assets have won the company numerous accolades, including over 40 High Times Cannabis Cups and 200+ awards for top genetics, establishing the company's leadership in the global cannabis industry. Green House was a pioneer in the development of the European cannabis coffee shop market, where its Green House Coffee shops in the Netherlands and Strain Hunters Clubs in Spain remain market leaders. As Strain Hunters, the company has been featured in documentary series on HBO and VICE, highlighting its globetrotting journeys to find the rarest landrace strains of cannabis. Green House and Strain Hunters media has over 250M views and has one of the most powerful marketing platforms in the industry. Green House enters the rapidly developing legal North American cannabis markets with all of its enterprises.
SLANG Worldwide Inc. is a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across 2,600 stores in 11 US. SLANG is focused on acquiring and developing market-proven regional brands as well as creating new brands to meet the needs of cannabis consumers worldwide. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG and on the Frankfurt Stock Exchange under the trading symbol 84S. For more information, please visit www.slangww.com.
About Canopy Growth Corporation
Canopy Growth is a world-leading diversified cannabis company, offering distinct brands and curated cannabis varieties in dried, oil and capsule forms. Through its wholly‑owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of GMP-certified indoor and greenhouse production capacity, all to an unparalleled level of quality assurance procedures and testing. Canopy Growth has established partnerships with leading sector names in Canada and abroad, with interests and operations spanning four continents. Canopy Growth is proudly dedicated to educating healthcare practitioners, providing consistent access to high quality cannabis products, conducting robust clinical research, and furthering the public's understanding of cannabis. For more information visit www.canopygrowth.com.
About Canopy Rivers
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem. For more information, please visit www.canopyrivers.com.
SOURCE Agripharm Corp.
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