Stillcanna has completed and signed definitive agreement to supply Sequoya Cannabis with hemp biomass from its Polish farms. According to them, under the terms of the agreement Stillcanna will provide dried flowers from the tops of the hemp plant, with humidity not to exceed 10%, and a Cannabinoid content of 5% or above. The biomass will be 3rd party tested and free of pesticides, heavy metals, toxins and microbials. Sequoya will be responsible for shipping the biomass from Stillcanna’s facility to their own.
This agreement, which is worth approximately C$850,000 represents about 3.5% of Stillcanna’s forecasted biomass from its 2019 harvest, based on the Company’s previously released estimated harvest numbers of 350 kilos of flower per hectare.
“Stillcanna has always been focused on being a large scale manufacturer and supplier to the global CBD industry,” stated Jason Dussault CEO of Stillcanna. “Whether the opportunity is isolate, distillate or biomass, we want to be the industry’s bulk supplier.”