Vertically integrated cannabis company Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) this morning announced that wholly owned subsidiary CP Logistics, LLC, through its Sun-Oil Facility, has secured an additional contract with Cali Gold, a leading and legacy California cannabis brand. Per the terms of the agreement, the Sun-Oil Facility will provide Cali Gold with high quality, ultra-purified manufactured distilled oil products to be utilized within vaporization cartridges. The agreement has an initial term of 12 months and can be renewed for an additional 12 months, at the request of Cali Gold, following expiry of the initial term. “We are very excited to expand our product line and feel that Sunniva is the right manufacturing partner for Cali Gold,” Daniel Hood, CEO and founder of Cali Gold, stated in the news release. As noted in this morning’s update, Cali Gold intends to leverage Sunniva’s quality expertise at scale to introduce 10-15 new products in the next six months.
To view the full press release, visit http://ibn.fm/5Y9Kn
About Sunniva Inc.
Sunniva, through its subsidiaries, is a vertically integrated cannabis company operating in the world’s two largest cannabis markets – Canada and California – where we are committed to delivering safe, high-quality products and services at scale. Our vision is to become the lowest cost, highest quality cannabis producer in the markets we serve by building large scale purpose-built current Good Manufacturing Practice (“cGMP”) designed greenhouses, offering better quality assurance with cannabis products free from pesticides, providing better patient and doctor access to cannabis education and sourcing better therapeutic delivery devices. Sunniva’s management and board of directors have a proven track record for creating significant shareholder value both in the healthcare and biotech industries. For more information, visit the company’s website at www.sunniva.com
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