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Be the first with the news that moves the market- Curaleaf (CSE:CURA) has signed a distribution agreement with Mango Cannabis to put its Select-branded products in Oklahoma dispensaries
- The deal marks Select’s entry into the Oklahoma market, with a presence already established in several US states
- The distribution agreement is part of a broader effort to expand the brand throughout Curaleaf’s 17 US states of operation
- In light of the COVID-19 pandemic, many states including Oklahoma have designated the cannabis industry as an essential service
- Curaleaf (CURA) is up 5.11 per cent to C$6.58 per share, with a market cap of $4.26 billion
Curaleaf (CSE:CURA) has signed a distribution agreement with Mango Cannabis to put its Select-branded products in Oklahoma dispensaries.
The company operates 57 of its own dispensaries, as well as 15 cultivation sites and 24 processing sites.
Curaleaf acquired the Select brand in February this year. Since then, the company has engaged in extensive expansion efforts to introduce Select cannabis products in its 17 US states of operation.
To date, Select retails in Oregon, California, Nevada, Arizona, Colorado, Michigan, and Maryland.
This distribution agreement marks Select’s entry into the Oklahoma market. Under the terms of the deal, Mango Cannabis will stock the products at two dispensaries in Edmond and Tulsa.
Curaleaf’s President, Joe Bayern, said that he is excited to launch the company’s Select products in Oklahoma with Mango Cannabis. He went on to acknowledge Mango Cannabis, and the reputation it has garnered as a trusted dispensary in the state.
“As we focus on expanding the Select brand, entering Oklahoma allows us to reach an important and rapidly evolving medical marijuana market. We look forward to serving the health and well-being of medical patients in Oklahoma,” he added.
In the initial phases of the agreement, Mango Cannabis will stock the one-gram Elite cartridge. The Elite is a vaping product that delivers an activated, broad-spectrum oil with a high level of THC. The range is one of the brand’s most popular offerings, and will be expanded as it becomes more established.
Rebeka Tucker, Mango Cannabis Store Manager, also commented on the agreement.
“We couldn’t be more thrilled to be a part of the Select launch in Oklahoma and we’re excited to see how our patients respond to the Select Elite product. It’s a standout product for our state,” she said.
In light of the COVID-19 pandemic, many US states have designated the cannabis industry as an essential service, including Oklahoma. Curaleaf says it remains committed to serving patients and customers while implementing heightened safety and hygiene measures at all facilities.
Curaleaf (CURA) is up 5.11 per cent to C$6.58 per share at 11:27am EDT.
