() (OTCMKTS:HRVOF) announced Thursday that through its wholly-owned subsidiary and cultivation arm United Greeneries Ltd, it had completed its first shipment of medical cannabis to .
The company’s Satipharm-branded cannabis is now available for purchase on the 's online medical cannabis website. Canadian regulations still restrict the sale of medical cannabis through pharmacies.
Under the terms of the supply agreement disclosed Monday, Harvest One is supplying SatiSilver (Great White Shark) which has a moderate THC content, and SatiGreen, a CBD tonic with a 1:1 ratio of THC and cannabidiol.
READ: Harvest One to supply medical cannabis to Shoppers Drug Mart
“We are all focused on executing the strategy of being a leading health, wellness, and self-care company in the cannabis sector,” said Harvest One CEO Grant Froese. “Just days after announcing our supply agreement with Shoppers Drug Mart, we are proud to see that our product is already available for medical consumers.”
United Greeneries has two main facilities, the Duncan Facility on Vancouver Island in British Columbia and the Lucky Lake Facility in Saskatchewan.
The Duncan Facility has 10,000 square feet of cultivation area and is licensed to cultivate and distribute medical marijuana by Health Canada. It has an in-house biochemical and analytical lab.
The facility can produce 1,000 kilograms of cannabis per annum, according to the company’s website.
This marks the first time that Satipharm-branded cannabis will be available for purchase in Canada.
Incorporating two strains
United Greeneries will produce and ship an Indica variety of SatiSilver and a hybrid variety of SatiGreen.
The two major types of cannabis plants are Indica and Sativa. Each strain has its own range of effects on the body and mind, resulting in a wide range of medicinal benefits. Indica strains generally provide a sense of deep body relaxation. Sativa strains tend to provide a more energizing experience.
Vancouver-based Havest One has three wholly-owned subsidiaries: United Greeneries, which is a licensed producer; Satipharm, which develops cannabis-based health products; and Dream Water, which offers consumer sleep aids.
Contact Uttara Choudhury at [email protected]
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