Harvest One Signs Premium Cannabis Supply Agreement along with Facilities Update
The Dank Investor Posted On July 15, 2019 
Vancouver based Harvest One Cannabis Inc. (“Harvest One” or the Company“) (TSX-V: HVT; OTCQX: HRVOF) has announced its wholly-owned subsidiary United Greeneries Ltd. (“United Greeneries“) has entered into a supply agreement with 9869247 Canada Limited (“Stevens Green”) dated July 1st, 2019, pursuant to which Stevens Green will cultivate and harvest United Greeneries’ premium cannabis genetics at their facility in Ontario.
Harvest One is a global cannabis company that develops and provides innovative lifestyle and wellness products to consumers and patients in regulated markets around the world. The Company’s range of lifestyle solutions is designed to enhance quality of life. Shareholders have significant exposure to the entire cannabis value chain through four wholly-owned subsidiaries: United Greeneries, a Licensed Producer; Satipharm (medical and nutraceutical); Dream Water Global and Delivra (consumer), and a minority interest in Burb Cannabis (retail operations).
Harvest One congratulated Stevens Green for receiving their cultivation license from Health Canada on July 5, 2019, and looks forward to working closely with the Stevens Green team to grow select United Greeneries’ premium cannabis genetics in their indoor facility, for distribution under United Greeneries’ established Royal High and Captain’s Choice brands in the adult market.
Under the terms of the agreement, United Greeneries will supply clones of its premium strains, already in production at its licensed facility in Duncan, British Columbia, along with proprietary nutrient and irrigation techniques, and cultivation expertise, in order to ensure the production of consistent, premium craft cannabis its brands are recognized for. In turn, Stevens Green will cultivate, harvest and supply a minimum of 2,000 kgs of premium craft flower per year for an initial term of three years. The agreement contains an option for renewal with an increase in the minimum quantity of cannabis to be supplied, to 5,000 kgs per year.
“We are very pleased to be expanding our national footprint and increasing the supply for our own highly sought-after, premium, craft cannabis flower,” said Grant Froese, Chief Executive Officer of Harvest One. “This agreement triples Harvest One’s current cultivation capacity without further capital or operational outlays.”
Harvest Green Facilities’ Update
Premium Indoor Cultivation
Harvest One’s targeted annual capacity of 20,000 kgs of premium craft flower will satisfy supply agreements with recreational distribution partners in the provinces of British Columbia, Saskatchewan, Manitoba and, Ontario, as well as medical distribution partner, Shoppers Drug Mart, through its networks in Ontario and Alberta.
High Quality Greenhouse Cultivation and Extraction
Harvest One’s recently announced strategic acquisition of majority control of Greenbelt Greenhouse Ltd. (“Greenbelt“), provides greenhouse cultivation, processing and extraction facilities to support the Company’s cannabinoid-infused premium health and wellness product strategy. The Greenbelt facility will supply high grade oil for product formulation and innovation of Harvest One’s Dream Water, LivRelief™ and Satipharm brand product lines, as well as vape pens and other regulated derivative products.
