Ayurcann Holdings (CSE: AYUR) this morning announced its entrance to the adult use market within Canada. The entrance follows the firm entering into an exclusive partnership with Kindred Partners for the distribution of its products across Canada.
The arrangement will see the specialty cannabis brokerage place Ayurcann’s products in retail locations across Canada, enabling the potential for significant growth. Kindred will act on Ayurcann’s behalf with provincial control boards, licensed distributors, and retailers, to see the products placed at dispensaries across the country.
Commenting on the partnership, David Prodanovic, EVP and General Manager of Kindred stated, “Ayurcann has seen tremendous growth since its initial launch and we’re excited for the future potential of their diverse portfolio and its ability to meet evolving consumer demands. We’re going to continue to lean on our well-established business model to help Ayurcann execute a superior route-to-market and retail sales strategy.“
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Further details on the arrangement were not provided.
Ayurcann Holdings last traded at $0.17 on the CSE.
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