CannMart Inc., a wholly owned Canadian cannabis business unit of Lifeist Wellness Inc. NXTTF LFST M has entered into a distribution agreement with Hamilton Devices, a U.S. manufacturer and supplier of vape hardware. With the agreement, CannMart is now Canada’s first distributor of Hamilton Devices’ complete portfolio of consumer facing, extracts focused vape hardware products across Canada through October 2024, with an initial six-month exclusivity.
“It’s a privilege to be selected by Hamilton Devices as its exclusive B2B distribution partner for Canada and we can’t wait to leverage our established relationships to bring their innovative vaporizer technologies to Canadian consumers,” stated Daniel Stern, CEO of CannMart. “This marks CannMart’s first accessory B2B distribution deal and dovetails nicely with our focus on higher-margin activities given the drop-ship nature of the relationship, meaning no warehousing, inventory and delivery costs. On that basis, CannMart is expanding its direct to store sales and marketing efforts, including for our award-winning, SKU-diverse, in-house concentrates brand Roilty.”
Meni Morim, CEO of Lifeist, stated: “We’re excited to bring new products to market that complement CannMart’s Roilty product line. Providing consumers with new, safe and convenient ways to try and consume our extract products will not only delight our customers but can also help us grow our core cannabis business faster and more efficiently. The Hamilton Devices product line fits perfectly into CannMart’s existing portfolio and sales process, and we are looking forward to seeing the results of this new agreement.”
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Photo: Benzinga; Sources: courtesy of geralt, lindsayfox via Pixabay
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