Canada House Cannabis Group CHV and the Artisanal Cannabis Company Inc. entered into a strategic alliance, and launched Artisanal's first products on the Ontario Cannabis Store, and the Abba Medix medical cannabis platform.
Canada House is currently in the process of closing a transaction with Montréal Cannabis Médical Inc. ("MTL Cannabis"), a Montreal based "flower-first" licensed producer and has now successfully migrated cultivation in its wholly owned subsidiary, IsoCanMed Inc., to MTL Cannabis's cultivation methodologies.
With Abba now focusing on its medical marketplace, Canada House and MTL Cannabis decided to cease cultivation activities in Abba's cultivation facility in Pickering, Ontario and instead lease the space to Artisanal. "By leasing our cultivation space to Artisanal we've been able to significantly reduce our overhead at Abba. Moreover, because we participate in Artisanal's sales through a royalty mechanism, our cultivation space now contributes to our top line revenues," stated Alex Kroon, president medical for Canada House.
Artisanal's first product, Valencia, a Sour Tangie phenotype, is now available to approximately 1500 retailers through the Ontario Cannabis Store, under the company's new Artiznl Cannabis brand. Starting with Valencia, Artisanal's products will also be available to Veterans and other wellness customers via the Abba Medix medical cannabis platform in March 2023.
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Photo: Benzinga edit with photos by geralt and lindsayfox on Pixabay
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