VANCOUVER, Sept. 6, 2018 /CNW/ - Harvest One Cannabis Inc. (TSXV: HVT) ("Harvest One" or the "Company") is pleased to announce its wholly-owned subsidiary United Greeneries Ltd. ("United Greeneries" or "UG") has entered into a supply agreement with the Ontario Cannabis Retail Corporation ("OCRC") to supply high-quality cannabis for online sales when the adult-use market launches on October 17, 2018.
Under the terms of the agreement, United Greeneries will begin by supplying 15 SKUs of their premium Royal High branded cannabis to the OCRC. The range of products will be available for sale through the Ontario Cannabis Store online portal until the launch of the private retail system, currently scheduled for April, 2019.
"We are excited to bring our premium BC grown cannabis to Ontario and ensure the country's largest consumer market has access to the high quality products that UG has become known for" said Grant Froese, CEO of Harvest One. "We are looking forward to working with the Government of Ontario as they establish their new private retail model over the coming months. Ontario is an integral part of Harvest One's national retail strategy which is rapidly developing with both provincial and private retailers, and which we'll have more to announce in the coming weeks."
Harvest One is a global cannabis company focused on delivering high quality, innovative cannabis products and technologies to regulated markets around the world. Shareholders have significant exposure to the entire cannabis value chain through three wholly-owned operating subsidiaries: horticultural arm and Canadian Licensed Producer, United Greeneries Ltd.; medical and pharmaceutical arm, Satipharm AG; and Dream Water Global, the group's consumer goods division. For more information please visit: www.harvestone.com.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The forward-looking information contained in this press release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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SOURCE Harvest One Cannabis Inc.
For further information: Colin Clancy, Investor Relations, + 1 (877) 915-7934, [email protected]