Harvest One Enters Premium Cannabis Supply Agreement

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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsContractsMarketsGrant FroeseStevens Green
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!
CCC-Oct-24-Banner-1

Click on the image for more info.

Cannabis rescheduling seems to be right around the corner

Want to understand what this means for the future of the industry?

Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. 

Get your tickets now before prices surge by following this link.