Hiku Brands Completes Agreement in Manitoba to Supply Almost 2 Million Grams of Cannabis
Canada NewsWire
TORONTO, June 29, 2018
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Completion of the agreement to help supply up to ten
Tokyo Smoke storefronts in Manitoba
TORONTO, June 29, 2018 /CNW/ - Hiku Brands Company Ltd. (CSE: HIKU) ("Hiku" or the "Company") has completed a supply agreement with Manitoba Liquor and Lotteries (MBLL) to supply almost 2 million grams of cannabis to the province. This agreement puts in place another piece of Hiku's vertically integrated approach to the cannabis sector and will be part of the supply to Hiku's award winning storefront brand, Tokyo Smoke, which has been granted permission for up to 10 stores in Manitoba, with up to four in the capital of Winnipeg.
"The execution of this agreement with MBLL is further confirmation of the value of our integrated approach to the adult-use cannabis market in Canada. From DOJA, our fully licensed state of the art production facilities in British Columbia, to our Tokyo Smoke storefronts, which won Brand of the Year at the 2017 Canadian Cannabis Awards, to engaging brands like our female focused Van der Pop, Hiku is poised to be a significant player in this emerging market with interests in the entire value chain from seed to consumer product and retail footprint" said Hiku's Chief Executive Officer, Alan Gertner.
Hiku is actively working with various regulators, provincial and municipal governments in the Province of Manitoba to obtain the necessary permits for our proposed Tokyo Smoke stores and will ensure location specific permission prior to announcing our chosen locations.
Hiku has filed applications for more than a dozen storefronts in Calgary and are at the top of the list to be considered in each of those locations following Calgary's first come, first serve approach to licensing. In addition to Calgary, Hiku has also filed applications in Edmonton for its random lottery process.
As previously announced, Hiku has also entered into a letter of intent with Oceanic Releaf Inc. ("Oceanic"), a late stage applicant under the ACMPR in Newfoundland & Labrador, pursuant to which Oceanic and Hiku are working with the government on the approval for Oceanic of up to 5 additional stores in that province.