Village Farms enters into new supply agreement.

Long

Village Farms International, Inc. (NASDAQ:VFF)

NASDAQ:VFF Village Farms International, Inc.

Village Farms' majority-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has entered into a supply agreement with the Alberta Gaming, Liquor & Cannabis Commission, or AGLC, to supply recreational adult-use cannabis products to Alberta's licensed private retailers, including Alberta's only legal online source for recreational cannabis, AlbertaCannabis.org. The AGLC is the wholesaler to private retailers and the only authorized online retailer in Alberta. Pure Sunfarms expects to begin shipping its branded packaged dried flower, inclusive of pre-rolls, which are anticipated to enter Pure Sunfarms' product lineup, to the AGLC in the coming weeks and months. Alberta represented 21% of total retail trade cannabis sales in Canada for the nine-month period from January to September 2019. Alberta saw month over month sales growth for September 2019 of 4%. Pure Sunfarms' supply agreement with Alberta is its third provincial supply agreement. Combined with its previously announced supply agreements for Ontario and British Columbia, Pure Sunfarms now has access to approximately 64% of the Canadian population. Read more at:
Read more at:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.