Products to be Supplied via an Extension of the Company’s Licensing Agreement with The Valens Company
Vancouver, British Columbia–(Newsfile Corp. – May 13, 2022) – Harvest One Cannabis Inc. (TSXV: HVT) (OTCQB: HRVOF) (“Harvest One” or the “Company“), a CPG leader uniquely positioned in both the OTC non-infused and licensed cannabis-infused space with a focus on health and wellness products, announced today that the Company has strengthened its position in the cannabis-infused market through a supply agreement (the “Agreement“) with Canopy Growth Corporation (“Canopy“). The Agreement enables Harvest One to sell its LivRelief InfusedTM topical creams on Canopy’s Spectrum Therapeutics’ online medical store via an extension of its licensing agreement with Valens Agritech Ltd (“Valens“), a wholly-owned subsidiary of The Valens Company. LivRelief InfusedTM topical creams will be the first Harvest One product sold at the Spectrum Therapeutics store, marking a new distribution milestone for the Company.
Under the Agreement, Valens will supply Spectrum Therapeutics with Harvest One’s licensed LivRelief InfusedTM products to make them available to patients through Spectrum Therapeutics’ online medical store. Spectrum Therapeutics offers its patients medical cannabis products from Canopy Growth brands and select partner brands to ensure patients have access to a range of products they require, and is committed to the continued education of patients and healthcare practitioners.
“We are very pleased to work with Canopy Growth via our licensing agreement with Valens to distribute Harvest One’s LivRelief InfusedTM brand of topical creams in Spectrum Therapeutics’ online store,” said Gord Davey, President and Chief Executive Officer of Harvest One. “This is an amazing opportunity for our teams to work together to bring these top selling infused pain topical creams to more patients. Our collaboration with Canopy, through its Spectrum Therapeutics medical division, and The Valens Company will accelerate the distribution of our LivReliefTM infused topicals nationally and provide product access to more consumers.”
Mr. Davey continued, “Our innovative infused topical creams, with their effective and differentiated delivery system, have resonated well with consumers, establishing LivRelief InfusedTM as a market leader in the infused topicals category. We look forward to working with Canopy and their Spectrum Therapeutics team to bring world class products, along with great educational support, to patients. Strategically, this lines up well with Harvest One’s plans to expand nationally and globally with our LivReliefTM infused brand. This Agreement also strengthens our commitment to Harvest One shareholders to expand our position as a leader in health and wellness products.”
“We are dedicated to offering Spectrum Therapeutics patients the widest range of high-quality cannabis products and formats available both from Canopy Growth brands and through agreements with select partner brands like Harvest One,” said Grant Caton, General Manager, Canada, at Canopy. “Through the addition of the LivRelief InfusedTM topical creams to our Spectrum Therapeutics’ online medical store, we are offering our customers yet another option to achieve the relief they are looking for in through this innovative format and directly responding to their requests for topical options.”
LivRelief InfusedTM cannabis -infused products are available nationally through Medical Cannabis by Shoppers™ as well as in cannabis retail stores throughout Ontario, British Columbia, Alberta, Saskatchewan, Manitoba and New Brunswick.
LivRelief InfusedTM topicals are currently available in three unique SKUs – a CBD-only formulation containing 250mgs of CBD, a 1:1 format formulation containing 125mgs of THC and 125mgs of CBD, and an Extra Strength CBD topical cream containing 750mgs of CBD.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123853
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