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Bullboard - Stock Discussion Forum Sunniva Inc C.SNN

Alternate Symbol(s):  SNNVF

Sunniva Inc. is a Canada-based company. The Company is not engaged in any business.

CSE:SNN - Post Discussion

Sunniva Inc > Sunniva Inc. Secures Extraction Contract
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Post by vandenp on Jun 08, 2018 6:34am

Sunniva Inc. Secures Extraction Contract

https://markets.businessinsider.com/news/stocks/sunniva-inc-secures-extraction-contract-for-its-sun-oil-facility-in-california-1026801526

Sunniva Inc. Secures Extraction Contract for its Sun-Oil Facility in California

 
PRESS RELEASE GlobeNewswire
 Jun. 8, 2018, 05:00 AM

VANCOUVER, B.C., June 08, 2018 (GLOBE NEWSWIRE) -- via NetworkWire - Sunniva Inc. ("Sunniva" or the “Company”) (CSE:SNN) (OTCQX:SNNVF), a North American provider of cannabis products and services, is pleased to announce that its wholly-owned subsidiary CP Logistics, LLC (the “Sun-Oil Facility”) has secured an extraction contract with Farmacy Phactory, a leading California cannabis brand. Under the terms of the agreements, the Sun-Oil Facility will provide them with high quality, ultra-purified manufactured distilled oil products including specialized flavored distilled oil formulations to be utilized within vaporization cartridges. The agreement is for a 12-month term that may be renewed for an additional 12 months at the request of Farmacy Phactory at the expiry of the initial term. Sunniva, via ownership of its wholly-owned subsidiary Full-Scale Distributors, LLC, and through its brand, Vapor Connoisseur, will also provide them with specialized vaporization hardware and accessories. 

“This is a significant milestone as it establishes Sunniva as a trusted manufacturer of clean, high quality extracted products and reliable hardware to support the vibrant California extraction market place. The operational Sun-Oil Facility, located one mile from the Sunniva California Campus in Cathedral City, will produce over 600,000 filled vaporization cartridges a month at capacity, and we intend to execute additional white label contracts with other leading brands. The Sun-Oil Facility is licensed for both volatile and non-volatile extraction enabling Sunniva to produce all forms of extracted products,” said Dr. Anthony Holler, CEO, Sunniva.

"We are pleased to partner with Sunniva to access their manufacturing and product expertise. This agreement is a validation of their large-scale extraction operations and we are excited to bring new products to the California marketplace," said Mark Greene, President, Farmacy Phactory.

Farmacy Phactory’s expertise is growing exotic strains high in terpenes exclusively for extracts. This strategic relationship with Sunniva allows both companies to showcase their expertise to provide high-end cannabis extract products.

Sunniva Inc. Secures Extraction Contract for its Sun-Oil Facility in California

 
PRESS RELEASE GlobeNewswire
 Jun. 8, 2018, 05:00 AM

VANCOUVER, B.C., June 08, 2018 (GLOBE NEWSWIRE) -- via NetworkWire - Sunniva Inc. ("Sunniva" or the “Company”) (CSE:SNN) (OTCQX:SNNVF), a North American provider of cannabis products and services, is pleased to announce that its wholly-owned subsidiary CP Logistics, LLC (the “Sun-Oil Facility”) has secured an extraction contract with Farmacy Phactory, a leading California cannabis brand. Under the terms of the agreements, the Sun-Oil Facility will provide them with high quality, ultra-purified manufactured distilled oil products including specialized flavored distilled oil formulations to be utilized within vaporization cartridges. The agreement is for a 12-month term that may be renewed for an additional 12 months at the request of Farmacy Phactory at the expiry of the initial term. Sunniva, via ownership of its wholly-owned subsidiary Full-Scale Distributors, LLC, and through its brand, Vapor Connoisseur, will also provide them with specialized vaporization hardware and accessories. 

“This is a significant milestone as it establishes Sunniva as a trusted manufacturer of clean, high quality extracted products and reliable hardware to support the vibrant California extraction market place. The operational Sun-Oil Facility, located one mile from the Sunniva California Campus in Cathedral City, will produce over 600,000 filled vaporization cartridges a month at capacity, and we intend to execute additional white label contracts with other leading brands. The Sun-Oil Facility is licensed for both volatile and non-volatile extraction enabling Sunniva to produce all forms of extracted products,” said Dr. Anthony Holler, CEO, Sunniva.

"We are pleased to partner with Sunniva to access their manufacturing and product expertise. This agreement is a validation of their large-scale extraction operations and we are excited to bring new products to the California marketplace," said Mark Greene, President, Farmacy Phactory.

Farmacy Phactory’s expertise is growing exotic strains high in terpenes exclusively for extracts. This strategic relationship with Sunniva allows both companies to showcase their expertise to provide high-end cannabis extract products.

Comment by GOTMONEY on Jun 08, 2018 7:52am
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