Pure Sunfarms, a JV of Village Farms International Inc (OTCMKTS:VFFIF) and Emerald Health Therapeutics Inc (OTCMKTS:EMHTF), has got the cannabis sales license from the Health Canada.
The JV can now sell the good quality dried cannabis to Emerald Health Therapeutics. Pure Sunfarms can also meet the demand for this product from various licensed manufacturers. The sales license also allows the company to enter into supply accords with government distributors for adult use.
Chief Executive Officer of Village Farms International Inc., Michael DeGiglio said Pure Sunfarms is meeting the supply schedules. The company has transformed into selling the cannabis from the cultivation and sale of tomatoes in just 7 months.
The Joint Venture is planning to expand the capacity and maximize the profits when cannabis for adult use is expected to be legalized on October 17, 2018, in Canada. The company intends to capitalize on the short supply during the initial period of legalization.
Pure Sunfarms is planning to go ahead aggressively with the strategy of branding and product development.
Chief Executive Officer of Emerald Health Therapeutics Inc has stated that the JV is proceeding at a rapid pace to become a high volume and good quality cannabis supplier. The company has been able to quickly turnaround with the timely response from Health Canada.
The JV is expected to further boost sales in the coming quarters with expected sales accords with provincial governments and wholesalers. It will improve the value for both Village Farms International Inc. and Emerald Health Therapeutics Inc.
Pure Sunfarms to Find Place in Top Licensed Cannabis Producers in Canada
Pure Sunfarms is expected to find a place in the top tier cannabis producers in 2018 and 2019.
Village Farms International Inc. and Emerald Health Therapeutics Inc hold 50: 50 stake in Pure Sunfarms.
Brief Information about Village Farms International Inc
North America based greenhouse producers – Village Farms International Inc has mastered the growing. It has environment friendly growing practices and advanced technologies to produce and distribute high quality products throughout the year.
Brief Information about Emerald Health Therapeutics Inc
Emerald Health Therapeutics Inc is engaged in the sale of cannabis oil and dried cannabis for medical use.