- Irwin (IWIN) subsidiary Irwin Naturals Cannabis, announced a licensing agreement with 42 Degrees Processing to produce and distribute its THC products in Michigan
- Michigan is one of the fastest-growing cannabis markets in the country
- Under this licensing agreement, 42 Degrees Process will augment Irwin Naturals products with THC and make them available to the approximately 1,000 dispensaries currently operating in Michigan
- Irwin Naturals develops vitamins and other health supplements and distributes these products in the United States and Canada
- Irwin Naturals Inc. (IWIN) opened trading at C$2.60 per share
Irwin (IWIN) subsidiary Irwin Naturals Cannabis, announced a licensing agreement with 42 Degrees Processing to produce and distribute its THC products in Michigan.
Michigan is one of the fastest-growing cannabis markets in the country. Under this licensing agreement, 42 Degrees Process will augment Irwin Naturals products with THC. It will then make them available to the approximately 1,000 dispensaries currently operating in Michigan.
Klee Irwin, CEO of Irwin Naturals commented on the news.
“Michigan is a significant step in what is becoming a sprint to put Irwin Naturals THC products on the shelves of dispensaries in all 38 states where cannabis is legalized. We’re tremendously excited to reach this agreement with 42 Degrees Processing. Its state-of-the-art plant and robust distribution network will provide our customers with the accustomed quality in this new offering.”
Cannabis is now legal in the majority of states. However, products are approved state-by-state, as it is not legal at the federal level. As a national brand, Irwin Naturals is achieving national distribution by reaching licensing agreements with cannabis manufacturers on a state-by-state basis.
Irwin Naturals previously reached licensing agreements with cannabis manufacturers in California, Colorado, Ohio and New Mexico. The addition of Michigan to this national footprint means Irwin Naturals THC products will be headed to the shelves of dispensaries in three of the top five cannabis markets in the country.
Irwin Naturals develops vitamins and other health supplements and distributes these products in the United States and Canada. It has been a household name and best-in-class herbal supplement formulator since 1994. The company is now leveraging its brand to enter into both the cannabis and psychedelic industries.
Irwin Naturals Inc. (IWIN) opened trading at C$2.60 per share.
