Vertically integrated cannabis company Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF), together with Cannabis Strategic Ventures, Inc. (OTC: NUGS), today announced the signing of a cannabis concentrate extraction services agreement between CP Logistics, LLC (“CPL”), Sunniva’s wholly owned U.S. subsidiary, and Pure Applied Sciences, Inc. (“PAS”), Cannabis Strategic’s wholly owned subsidiary. Per the terms of the agreement, CPL will perform white label services producing high quality, ultra-purified cannabis extracts out of its Sun-Oil Facility in Cathedral City, California, for PAS under the Pure Organix™ brand name, which was recently acquired by Cannabis Strategic. The agreement is for a 12-month term that may be renewed for an additional 12 months at the request of PAS. “As one of the highest quality producers in the marketplace, we believe we are in an excellent position to provide brand product manufacturing services for Cannabis Strategic,” Tony Holler, CEO of Sunniva, stated in the news release. “Both of our firms share the vision of becoming leaders in providing clean, medical grade cannabis products to consumers. We welcome Cannabis Strategic to our growing portfolio of customers.”
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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 and creating trusted Sunniva branded cannabis products. Our vision is to become one of the lowest cost, highest quality vertically integrated cannabis producers in the markets we serve by building large scale purpose-built current cGMP designed greenhouses and expansion of retail locations, offering better quality assurance with cannabis products free from pesticides, providing better customer 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
About Cannabis Strategic Ventures
Cannabis Strategic Ventures is based in Los Angeles and is focused on supporting entrepreneurial growth within the fast-growing legal cannabis sector. The company, recently completed a name and symbol change from Cascade Energy, Inc. Cannabis Strategic Ventures offers outsourced personnel solutions that are tailor made to match the growth dynamics of cannabis cultivators, manufacturers, dispensaries, and other cannabis marketplace participants. For more information, visit the company’s website at www.CannabisStrategic.com
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