Emerald Health Therapeutics 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has received from Health Canada the amendment to its license permitting it to sell and distribute packaged, Pure Sunfarms-branded dried cannabis products directly to provincial/territorial wholesalers and authorized private retailers in accordance with provincial/territorial frameworks in Canada. According to the company, Pure Sunfarms currently has supply agreements in place with the Ontario Cannabis Retail Corporation and British Columbia Liquor Distribution Branch.
“We’re thrilled to receive this amendment to our license and be able to make our product available to cannabis consumers across the country,” said Mandesh Dosanjh, President and Chief Executive Officer, Pure Sunfarms. “Pure Sunfarms will begin to roll out its consumer brand over the coming weeks, and Canadian consumers will soon be able to try our products, proudly grown right here in B.C., for themselves. Cultivated with the highest standards by the most experienced growers in the industry, we believe the quality of our cannabis will speak for itself.”
“With one of the leading cultivation platforms in the Canadian industry in terms of scale, production cost, and gross margin, and rapid sales growth initially as a supplier to other licensed producers, Pure Sunfarms is ready for its next stage of growth," said Riaz Bandali, Chief Executive Officer of Emerald. “Launching its own branding, and selling directly to provinces and territories, will enhance Pure Sunfarms’ ability to directly serve consumers. Considering that the current production run-rate of 75,000 kilograms is expected to expand to at least 150,000 kilograms by the end of next year, we expect the joint venture to achieve a strong nationwide presence.”
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Emerald Health Therapeutics