Benchmark Botanics wholly-owned subsidiary, Potanicals Green Growers has signed a Licensed Producer Supply Agreement for Non-Medical Cannabis with the Province of British Columbia.
In British Columbia (BC), Benchmark has signed an agreement with the BC Liquor Distribution Branch (BCLDB), the sole, wholesale distributor of non-medical cannabis for the province that will operate standalone, public retail stores and provide online sales.
Commenting on the signing of the cannabis supply agreement, William Ying, Benchmark’s CEO, stated, “We are extremely pleased to have achieved another major milestone and to further evolve the overall growth of the organization. Benchmark is very proud to have the credentials and capabilities to offer British Columbians safe, high-quality products. We are excited to work with partners that now includes the Province of British Columbia to help ensure the success of new adult-use recreational cannabis markets.”
"In addition to our bulk sale license received in August 2018, in July 2019 Benchmark received notification from Health Canada that it had been granted a sales license for the following activities related to sale of cannabis:
- A license for sale for medical purposes.
- A license for standard processing authorizing the sales of cannabis plants, cannabis plants seeds, fresh cannabis, and dried cannabis products.
Benchmark now has the ability to sell into provincial recreational supply chains and make direct online sales to medical cannabis clients."
Benchmark, through Potanicals, acquired its original Cultivation License in October 2017 under the Access to Cannabis for Medical Purposes Regulations.