Indiva Ltd (CVE:NDVA) Licensing Successful US Brands in Canada
Indiva Ltd (CVE:NDVA) (OTCMKTS:RMKXF) (FRA:T8RP) President and CEO Niel Marotta discusses what the company’s new sales license and onboarding of patients this quarter means for revenue. Indiva is licensing successful US-based brands into Canada in the anticipation of eventual legalization of edibles and other cannabis-infused products. Indiva has a partnership with Bhang, a large edibles company, to distribute its branded products. The company also has an agreement with Ruby, a producer of “flexible edibles” (cannabis-infused salts and sweeteners). Indiva is the only LP operating in London, Ontario and Marotta believes both the city size and the facility’s proximity to Highway 401 will be a benefit to Indiva. Indiva’s London base is both a cultivation and retail space and is fully funded to complete the buildout of that facility.
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