Village Farms International’s Pure Sunfarms Enters into Supply Agreement with Medical Cannabis by Shoppers Inc.
November 25th, 2020
Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) (TSX: VFF) today announced that its wholly owned Canadian cannabis subsidiary, Pure Sunfarms, has entered into an agreement (“Supply Agreement”) with Medical Cannabis by Shoppers Inc., a subsidiary of Shoppers Drug Mart Inc (“Shoppers”), under which Pure Sunfarms will supply a range of its branded, high quality, B.C.-grown cannabis products to be made available to Medical Cannabis by Shoppers™ customers. Shoppers is Canada’s leading health, beauty and convenience retailer, and is a wholly owned subsidiary of Loblaw Companies Limited.
Supported by specially-trained Pharmacists, the Medical Cannabis by Shoppers™ online store is the largest national cannabis marketplace in Canada. Pure Sunfarms expects selected dried flower products to be available for sale on the Medical Cannabis by Shoppers ecommerce portal nationally as early as the beginning of December of this year and selected pre-roll, bottled oil and vape products to be available in early 2021. Pure Sunfarms’ 28-gram (1-ounce) package offering will be the first large-format cannabis offering listed by Medical Cannabis by Shoppers.
“We are proud to partner with one of Canada’s largest and most respected retailers to provide Canadian medical cannabis patients nationwide access to the same high-quality products that have made Pure Sunfarms one of the best-selling cannabis brands in our market,” said Mandesh Dosanjh, President and Chief Executive Officer, Pure Sunfarms. “This partnership lays the foundation for both companies to realize future opportunities as the retail and medical cannabis landscape evolves in Canada.”
About Village Farms International, Inc.
Village Farms is one of the largest and longest-operating greenhouse growers in North America, and is leveraging its decades of experience in large-scale, low-cost intensive agriculture and as a vertically integrated produce supplier to pursue high-value, high-growth plant-based Consumer Packaged Goods opportunities in cannabis and CBD in North America and selected markets internationally.
In Canada, British-Columbia-based Pure Sunfarms is one of the single largest cannabis operations in the world, the lowest-cost greenhouse producer, one of the best-selling brands, and has generated profitability for seven consecutive quarters.
In the U.S., subject to compliance with all applicable U.S. federal and state laws, Village Farms is pursuing a strategy to become a leading developer and supplier of branded and white-labeled CBD products targeting “big box” and other major retailers and consumer packaged goods companies, and with one the largest greenhouse operations in country, is well positioned for the potential federal legalization of high-THC cannabis.
Internationally, Village Farms is strategically targeting selected, nascent, legal cannabis and CBD opportunities with significant long-term potential, with an initial focus on the Asia-Pacific region through its investment in Australia-based Altum International.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
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