Harvest One Cannabis Inc. HRVOF HVT said Monday that its wholly-owned subsidiary, United Greeneries Ltd. has signed a supply agreement with 9869247 Canada Limited, also known as "Stevens Green."
Stevens Green will grow and harvest United Greeneries’ premium cannabis genetics at their Ontario-based facility. United Greeneries will supply clones of its premium strains along with the necessary techniques and nutrients to maintain the same high-quality craft cannabis, and Stevens Green will grow, harvest, and supply no less than 2,000 kgs or premium craft flower per year, in the next three-year period.
Benzinga's Cannabis Capital Conference heads to Detroit on Aug. 15 -- Click here to learn more!
"We are very pleased to be expanding our national footprint and increasing the supply for our own highly sought-after, premium, craft cannabis flower," said Grant Froese, Chief Executive Officer of Harvest One. "This agreement triples Harvest One's current cultivation capacity without further capital or operational outlays."
Harvest One Cannabis traded down 1.3% to 43 cents per share Monday morning.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!