Emblem enters into a supply agreement with operator of the Ontario Cannabis Store for high quality, Ontario-grown cannabis
21 8월 2018 - 7:30PM
Emblem Corp. (TSXV:EMC)
(TSXV:EMC.WT) (“Emblem” or the "Company") is pleased to announce
that its wholly owned subsidiary, Emblem Cannabis Corporation, one
of Canada’s leading licensed producers of medical cannabis, has
entered into an agreement with the operator of the Ontario Cannabis
Store (“OCS”) to supply the province with locally-grown, premium
cannabis products under Emblem’s adult-use brand, Symbl.
Upon the legalization of recreational cannabis, which is
expected to be effective on October 17, 2018, a curated range of
dried flower strains under the Symbl brand will be available via
the OCS website, and in private retail stores once a legislative
framework is in place and such stores are open for business –
anticipated for April 2019. Symbl is the first of several brands
that Emblem intends to create to target a number of diverse
consumer segments.
“Emblem’s supply agreement with Ontario signals continued
momentum for our business. Our partnership with the OCS opens up an
important distribution channel to get Emblem’s brands and products
to market in Canada’s most-populated province,” said Nick Dean,
CEO, Emblem Corp. “Emblem has a steadfast focus on building a
business for the long-term through product innovation, developing
strong brands and enhanced distribution. We anticipate Ontario
could constitute up to 40 per cent of total cannabis sales in
Canada, making it an incredibly important market for Emblem. As a
proud Ontario-based licensed producer, we are committed to
providing Ontario’s cannabis consumers with a trusted source of
high-quality cannabis products and brands that will meet their
needs now and into the future.”
The agreement with the OSC marks Emblem’s sixth major supply
agreement, including partnerships secured with the Alberta Gaming,
Liquor & Cannabis Commission (AGLC) to supply wholesale to
Alberta; Fire & Flower – an Alberta-based cannabis retailer
expected to have a strong presence in that province; Shopper’s Drug
Mart nationally, subject to receipt of its license from Health
Canada; German pharmaceutical wholesaler Acnos Pharma GmbH through
a joint venture with Emblem; and GreenSpace Brands, a highly
regarded consumer packaged goods company. Emblem is continuing to
look at opportunities for supply agreements in other provinces and
internationally.
“Leveraging Emblem’s existing strength in the medical market,
we’re excited to introduce Ontarians of legal age to Symbl. Symbl
was created to offer a thoughtful brand experience for those
seeking cannabis for recreational use that fits within a balanced
lifestyle,” said Maria Guest, CMO, Emblem Corp. “As Ontarians begin
to navigate the new cannabis landscape, we believe that Symbl will
become a trusted source for product information and cannabis
education. We look forward to working with the province to build
the foundation for a safe and responsible marketplace for
consumers.”
About Symbl Upon legalization for adult-use,
Symbl will offer a range of select strains in dried flower. The
line will cater to the full spectrum of Canadians who plan to
explore cannabis with products that address individual needs and
support a positive and healthy cannabis experience. Symbl is the
first brand in the adult-use cannabis division of Emblem. More
information is available at www.symbl.ca.
About Emblem Emblem, through its wholly-owned
subsidiary Emblem Cannabis Corporation, is a fully integrated
licensed producer and distributor of medical cannabis and cannabis
derivatives in Canada under the Access to Cannabis for Medical
Purposes Regulations (ACMPR). Emblem’s state-of-the-art indoor
cannabis cultivation facility and research and development
laboratory is located in Paris, Ontario. Led by an experienced
management team of healthcare executives, accomplished marketing
professionals, and cannabis experts, Emblem is focused on driving
shareholder value through product innovation, brand relevance, and
access to patient and consumer channels. Emblem is also the parent
company of GrowWise Health Limited, one of Canada’s leading
cannabis education services. Emblem trades under the ticker symbol
EMC on the TSX Venture Exchange.
For media
requests, please
contact: Maria Guest Chief Marketing
Officer Emblem Corp. 416-923-1331
Ethan Karayannopoulos Investor Relations Emblem Corp.
647.748.9696
ethank@emblemcorp.com
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and forward-looking information (collectively referred to herein as
"forward-looking statements") within the meaning of applicable
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