Emerald Health Therapeutics Inc (OTCMKTS:EMHTF) is quite pleased after signing a definitive agreement that will see it purchase more shares. It is a great opportunity for it to be undertaking the business transaction with Northern Vine Canada Inc. Emerald will from now moving forward be the owner of a 65% or even more stake in Northern Vine.
Chris Wagner is the current CEO of Emerald and he acknowledges the fact that Product innovation is fundamentally the backbone of the global business strategy of Emerald. He is in great support of the company’s recent moves and believes it is headed towards the right direction.
He opined, “The acquisition of Northern Vine allows us to leverage its dealer license and research and development facility to advance our research plans to develop cannabis formulations supporting new products for both recreational purposes and to treat a broad spectrum of human conditions and diseases.”
He went further to outline that the dealer license was all they required to access the non-dried-flower cannabis products in a cost effective way from suppliers in the various countries around the globe.
The turn of events
Reports indicate that Northern Vine is set to launch its business operations independently and it won’t be discriminating against any of the clients. This is great news since it implies both the patient-growers as well as Licensed Producers will be catered for.
The wave of cannabis legalization continues to sweep across the world sparking about a lot changes. The demand for analytical testing services is on the up. Projections have e been made that the global market of Cannabis might be rising to hit the $1 billion mark towards the end of this year.
The signing of a Memorandum of Understanding between Emerald and the British Columbia Liquor Distribution Branch is the other thing. It is a move that will see the business guru freely supply its high-quality cannabis products to quite a large number of the adult consumers.
The BCLDB team and Emerald have so far managed to establish a strong working relationship which is essential towards reaching out to set business goals.