Subscribe
Be the first with the news that moves the market- Canada House Wellness Group (CSE:CHV) subsidiary, Abba Medix, has announced a supply agreement with Alberta Gaming, Liquor, and Cannabis (AGLC).
- The deal allows Abba Medix to sell branded cannabis products to the adult-use market in Alberta.
- The company will offer recreational products in 3.5g dried flower and 0.5g pre-rolled formats.
- Abba will continue reaching out to other provincial cannabis distribution branches.
- Canada House’s share price is down 16.67 per cent, with shares trading at $0.02 apiece.
Canada House Wellness Group (CHV) subsidiary, Abba Medix, has signed a new supply agreement with Alberta Gaming, Liquor, and Cannabis (AGLC).
Under the terms of the agreement, Abba will supply branded cannabis products to the adult-use market in the Province of Alberta.
The supply will initially consist of products for recreational use, in 3.5g dried flower and 0.5g pre-rolled formats.
Canada House CEO, Chris Churchill-Smith, spoke positively about the new supply agreement. “We are delighted to announce our relationship with AGLC and look forward to selling our trusted, medical-grade cannabis strains to Alberta recreational consumers.”
Mr Smith also stated Abba’s plan to expand the business’ domestic distribution strategy.
“This supply agreement is a significant milestone on Canada House’s path to profitability. We will continue to pursue additional provincial supply agreements with targeted provinces at optimal price points.”
Canada House’s share price is down 16.67 per cent, with shares trading at $0.02 apiece.
