Emerald Healths Pure Sunfarms signs cannabis supply deal with AGLC
Category: #health  By Saipriya Iyer  Date: 2019-11-29
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Emerald Healths Pure Sunfarms signs cannabis supply deal with AGLC

Emerald Health Therapeutics, a renowned Canada-based licensed medical cannabis producer, reportedly announced that its 50% owned subsidiary, Pure Sunfarms (PSF), has inked a cannabis supply agreement with AGLC (Alberta Gaming, Liquor & Cannabis).

The company has now become an official provider of adult-use recreational cannabis products to the region’s licensed private-sector vendors. It also includes Alberta’s only authorized online source for medicinal cannabis, AlbertaCannabis.org.

The AGLC is the only legal online retailer in Alberta and a wholesaler for a private retailer in the region. Pure Sunfarms expects that it would deliver its first high-quality dried flower shipment, that should be inclusive of pre-rolls that are projected to enter the company’s product portfolio, to customers across Alberta in the coming weeks and months.   

Alberta has more than 330 licensed stores and the number is higher than all other provinces together. The region reported $164.6 million from authorized cannabis retail trade sales from January to September 2019.

The revenue places it among the top three provinces throughout Canada. The province witnessed a sales growth of 39% between the second and third quarter. Ontario, Quebec, and Alberta together contributed for 66% of the total Cannabis authorized retail trade sales between Jan - Sep 2019.   

CEO and President of Emerald, Riaz Bandali stated that the new supply contract with Alberta would place Pure Sunfarms cannabis products across three Canadian provinces and further position PSF to boost customer reach and sales.

Bandali further added that PSF’s affordably priced, high-quality cannabis has been in high demand in Ontario and B.C., and the company looks forward to welcoming the outcomes of its expansion across Alberta. Alberta has enabled the development of robust retail infrastructure to sell cannabis.  

Since the launch of its branded packaged cannabis in Canada a couple of months ago, Pure Sunfarms has witnessed strong results in October in Ontario and British Columbia. During that time, the company was leading the dried flower product market in the Ontario Cannabis Store, the region’s only online wholesaler and retailer of legalized recreational cannabis.

 

Source credit: https://www.biospace.com/article/emerald-health-therapeutics-pure-sunfarms-joint-venture-to-supply-cannabis-products-to-albertaalberta-distribution-expands-psf-s-market-access-to-include-top-three-provincial-markets-representing-two-thirds-of-canadian-sales-in-2019-to-date/



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Saipriya Iyer

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Saipriya Iyer

Saipriya Iyer develops content for Market Size Forecasters, Algosonline, and myriad other platforms. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her bel...

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