- Indiva Limited (NDVA), a Canadian producer of cannabis edibles, extends its license agreement with Wana Brands
- The amended agreement shall be for a five-year term and potentially extended for three additional five-year terms
- Wana™ Sour Gummies hold the top three edible SKUs in the country
- As a Canadian licensed producer, Indiva creates premium pre-rolls, flower, capsules, and edible products and provides production and manufacturing services to peer entities
- Indiva Limited (NDVA) is down 4.48 per cent and is trading at C$0.64 at 11:33 am EST
As previously announced, Wana™ Sour Gummies continue to be the most popular edible product in the Canadian cannabis industry.
Wana™ Sour Gummies hold the top three edible SKUs in the country and on their own account for greater than 30 per cent of the edible category.
Wana has the largest footprint of any cannabis-infused edibles brand in North America.
Currently available in Arizona, California, Colorado, Florida, Illinois, Maryland, Michigan, Missouri, Ohio, Oregon and Oklahoma dispensaries, with Massachusetts among the states imminently coming online, Indiva is Wana’s first international partner.
“We could not be happier to extend the contract length of our agreement with Wana and establish a framework under which Indiva will continue to provide the top-selling edible products in Canada to provincial wholesalers and of-age consumers for decades to come,” said Niel Marotta, President and Chief Executive Officer of Indiva.
“The results from working with Wana and their team, and the success of Wana products in Canada, have exceeded even our own high expectations, and we look forward to continuing this strong relationship,” said Marotta.
“Indiva’s focus on infused product manufacturing–and specifically edibles–was incredibly attractive to us as we were seeking our first international partner. That expertise has resulted in Wana’s proven and sustained success in Canada,” said Nancy Whiteman, CEO of Wana Brands.
“Wana leverages a decade of cannabinoid expertise and recipe refinement to deliver one of the most delicious, consistent and effective cannabis-infused products available in Canada,” added Whiteman.
As a Canadian licensed producer, Indiva creates premium pre-rolls, flowers, capsules, and edible products and provides production and manufacturing services to peer entities.
In Canada, Indiva produces and distributes Bhang® Chocolate, Wana™ Sour Gummies, Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt, Artisan Batch, and other Powered by INDIVA™ products through license agreements and partnerships.
Indiva Limited (NDVA) is down 4.48 per cent and is trading at C$0.64 at 11:33 am EST.
