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48North Cannabis Corp. V.NRTH


Primary Symbol: NCNNF

48North Cannabis Corp is a vertically integrated cannabis company. It is focused on the health and wellness market through cultivation and extraction, as well as the creation of authentic brands for consumer-friendly products. Its products are categorized into Bath, Intimacy, Flower, Pre-roll, topical, vapes, concentrates, and accessories. It has two geographical segments: Canada, which is the key revenue driver; and the United States.


OTCPK:NCNNF - Post by User

Post by ILIKETAon Apr 01, 2020 8:32am
174 Views
Post# 30867415

48North Signs Supply Agreement With PAX Labs

48North Signs Supply Agreement With PAX Labs

Humble & Fume Inc. Subsidiary, Fume Labs and Strategic Partner 48North Sign Supply Agreement With PAX Labs

TORONTOApril 1, 2020 /CNW/ - Fume Labs, and 48North Cannabis Corp. (TSXV: NRTH) ("48North), announced today that it signed a supply agreement with PAX Labs (Canada) Inc. ("PAX Labs").

Under the terms of the agreement, Fume Labs will develop cannabis oil pods for the PAX Era.

The PAX Era, an award-winning vaporizer system for cannabis concentrates, will provide consumers with a superior cannabis experience, delivering quality, control and predictability to each session. PAX is a market leader in vaporization technology, with nearly 1.5 million Era devices sold and an established reputation as the best-selling pen-and-pod system in the United States.

The agreement between PAX Labs – an industry-leading brand, well-known for premium quality and consistency – and Fume Labs is a testament to Fume Labs' operational expertise in the production of cannabis products, specializing in concentrate extraction and refining, formulation and filling, and packaging and distribution.

At launch, Fume Labs will manufacture two cannabis oil pods for the PAX Era:

  1. 48North branded pod: 48North's recognizable, market-leading, and beloved brand; single stain, ultra-refined and purified cartridge filled with cannabis from 48North's indoor, craft facility delshen
  2. Trail Mix branded pod: an accessibly priced cartridge filled with cannabis from 48North's outdoor, natural production facility, Good:Farm

Importantly, Fume Labs' Chief Science Officer, Talaal Rshaidat has significant experience filling PAX Era pods in the United States, most recently with Liberty Health Sciences, where he was responsible for extraction and product development. Talaal's experience is invaluable to Fume Labs and well positions the strategic partnership to successfully deliver on this agreement with Pax Labs.  

In the near term, Fume Labs looks forward to announcing additional partnerships, with other Licensed Producers and cannabis brands. 

Fume Labs, the cannabis-focused manufacturing and extraction entity operates out of 48North's fully-licensed processing and propagation facility "Good:House," located in Brantford, ON.

48North is the party responsible for manufacturing, packaging, marketing, and promoting, and selling products from Fume Labs under the authority of its cannabis licenses.






https://www.newswire.ca/news-releases/humble-amp-fume-inc-subsidiary-fume-labs-and-strategic-partner-48north-sign-supply-agreement-with-pax-labs-870171459.html
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