Total
0
Shares
TransCanna (CSE:TCAN) and Summit Boys collaborate on cannabis concentrates
  • Adastra Labs (XTRX) has entered into a split tolling agreement with fellow cannabis company, Muskoka Grown
  • Under the agreement, Muskoka Grown will provide the company with cannabis biomass for toll processing into distillate
  • Adastra Labs and Muskoka Grown will share the high-grade cannabis distillate which is produced from the processing
  • To date, the company has already received 900 kilograms of cannabis flower and trim from Muskoka Gown for processing
  • Adastra Labs (XTRX) is down 1.11 per cent and is currently trading at C$0.89 per share

Adastra Labs (XTRX) has entered into a split tolling agreement with fellow cannabis company, Muskoka Grown.

Under the terms of the agreement, Muskoka Grown is providing Adastra Labs with cannabis biomass, which the company will process into distillate. Adastra is able to produce cannabis extract through carbon dioxide extraction and secondary distillation.

Extracts and distillates can be incorporated into a variety of Cannabis 2.0 products. These include edibles, beverages, topicals, tinctures, vape cartridges, and others.

Adastra Labs and Muskoka Grown will share the high-grade cannabis distillate which is produced from the processing.

Adastra Labs’ CEO, Andy Hale, commented on how the companies’ agreement is progressing thus far.

“We are pleased to have received two shipments from Muskoka Grown, a small-batch high-quality cannabis cultivator. 

“We are fortunate to be able to leverage Muskoka Grown’s quality growing with over 900 kilograms of quality cannabis flower and trim received to date under a split tolling agreement.

“Muskoka Grown’s cannabis has been producing high-quality distillate, and we look forward to continuing this tolling agreement,” he said.

Muskoka Grown’s founder and CEO, David Grand, also commented on the agreement, and the benefits it has brought to the company.

“While Muskoka Grown remain focused on producing freshly packaged dried products, we are thrilled to provide out high-grade cannabis as biomass for processing.

“We value this strategic partnership that has allowed us an opportunity to expand our revenue streams,” he said.

Adastra Labs (XTRX) is down 1.11 per cent and is trading at C$0.89 per share at 3:16pm EDT.


Subscribe


More From The Market Herald
SLANG Worldwide Inc - CEO, Chris Driessen - The Market Herald Canada

" SLANG Worldwide (CSE:SLNG) debuts on the OTCQB

Cannabis packaging company SLANG Worldwide (SLNG) has commenced trading on the OTCQB, hoping to expand its trading presence in the US.
Radient Technologies Inc. - President & CEO Denis Taschuk - The Market Herald Canada

" Radient Technologies (TSXV:RTI) marks milestone shipment

Cannabis company, Radient Technologies (RTI) has successfully completed its first shipment of products to the BC Liquor Distribution Branch.
Maple Leaf Green World secures $14M sales agreement

" TransCanna (CSE:TCAN) subsidiary opens first bank accounts

TransCanna Holdings (TCAN) subsidiary, Lyfted Farms, has opened two banking accounts with a California-based credit union.
The Flowr Corporation - CEO, Vinay Tolia - The Market Herald Canada

" The Flowr Corporation (TSXV:FLWR) closes fourth funding tranche

The Flowr Corporation (FLWR) has closed the fourth tranche of funding under its ongoing agreement with Terrace Global (TRCE).