Sproutly Canada Inc. (SPR:CSE; SRUTF:OTCQB) announced in a news release that its subsidiary, Toronto Herbal Remedies, signed its first provincial contract, to supply Alberta Gaming, Liquor & Cannabis (AGLC) with its indoor-grown, dried flower products under its CALIBER brand.
AGLC is the Province of Alberta's wholesaler and operator of AlbertaCannabis.org, its only legal online recreational cannabis store.
"Our supply agreement with AGLC marks the launch of our CALIBER products to recreational consumers throughout one of the largest legal provincial markets in Canada by revenue, validating the demand of our products from customers and retailers across the country," Sproutly CEO and Director Keith Dolo said in the release.
In Alberta, Sproutly will first introduce and market four CALIBER products, its Berry White and Lemon Zkittle strains, in two sizes, the introductory 1 gram and the most popular 3.5 grams.
"We selected to launch CALIBER in Alberta because we believe it has one of the most attractive consumer bases for high-quality craft cannabis flower," Melise Panetta, vice president of marketing and sales, said in the release.
"With over 340 licensed physical cannabis retailers to date, the most out of any Canadian province, our partnership with AGLC will be a fantastic opportunity to seamlessly introduce our 'CALIBER' branded products in an established market, beginning with our premium dried flower portfolio. We look forward to replicating this success in additional markets across Canada," Dolo stated.
Read what other experts are saying about:
Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Sproutly Canada. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sproutly Canada, a company mentioned in this article.
