Canopy Rivers portfolio companies, James E. Wagner Cultivation Corporation and TerrAscend have entered into a purchase and supply agreement. According to the company, as part of the agreement, JWC will supply cannabis flower and oils to TerrAscend, which will be made available for purchase on TerrAscend’s online medical sales platform, Solace Health, providing JWC with exposure to thousands of registered medical patients across Canada.
"This partnership was developed in collaboration with the Canopy Rivers Impact Team, a group specifically focused on helping portfolio companies work with each other and leverage their competitive advantages and specialized skillsets, in turn enabling them to specialize in what they do best," the team with the company explains. "For JWC, it is a focus on aeroponic cultivation, leading to a clean, consistent, high-quality product for the end consumer. For TerrAscend, it is its function as a pharma-focused processing, retail, and distribution operator, and its status as the only company selling cannabis in Canada, the U.S., and Europe".