Ayurcann Holdings Corp. has Entered Saskatchewan With National Cannabis Distribution
541Ayurcann Holdings Corp. has Entered Saskatchewan With National Cannabis Distribution and Begins Investor Relations Initiatives - RICH TV LIVE - September 15, 2021 -
CEO IGAL SUDMAN interview starts at 27:21
Ayurcann Holdings Corp. (CSE: AYUR) (FSE: 3ZQ0) (the "Company" or "Ayurcann") a Canadian cannabis extraction company specializing in the processing of cannabis and hemp for the production of oils and various derivative products, is pleased to provide details on a wholesale distribution and supply agreement (the "Wholesale Agreement") that it previously entered into with National Cannabis Distribution ("NCD"), a wholly- owned subsidiary of Kiaro Holdings Corp. (TSXV:KO) ("Kiaro"), for exclusive wholesale distribution and supply in the Province of Saskatchewan.
Under the terms of the Wholesale Agreement, NCD will act as the exclusive provincial wholesaler and distributor for Ayurcann, its subsidiary and/or its intermediaries to authorized private retailers in Saskatchewan for an initial period of two years. The Wholesale Agreement will initially encompass Fuego and Vida branded products and will be amended to include new product offerings as they become available and approved for sale in Saskatchewan.
"Unlike other Canadian Provinces, Saskatchewan has a private wholesale and retail cannabis distribution model," stated Ayurcann Chief Executive Officer, Igal Sudman. "Our partnership with Kairo and NCD provides us with a clear route to market and is a strong endorsement of both Ayurcann's approach and product offering. We are very pleased to be working with Kairo and NCD to allow Ayurcann to further expand our distribution network and introduce more consumers to our brands of premium cannabis products," concluded Mr. Sudman.
"National Cannabis Distribution is focused on curating the best assortment of products for our retail partners, and we look forward to offering Ayurcann's product lines to the Saskatchewan marketplace," stated NCD General Manager, Brent McFadzen.
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