MYM Partners With Award-Winning Dutch Passion for the Produc
https://www.newswire.ca/news-releases/mym-partners-with-award-winning-dutch-passion-for-the-production-and-distribution-of-cannabis-seeds-in-canada-694363051.html
VANCOUVER, British Columbia, Sept. 26, 2018/CNW/ -- MYM Nutraceuticals Inc., (CSE: MYM) (CSE: MYM.CN) ("MYM") is pleased to announce that it has entered into an agreement with Amsterdam-based Dutch Passion Seed Company for the production and distribution of Dutch Passion branded products and seed genetics in Canada. This follows the August announcements of similar agreements between Dutch Passion and MYM for production and distribution of branded products and seed genetics in Australia and Colombia.
Established in 1987, Dutch Passion is the second-oldest European Cannabis seed company and for over 30 years has been a leading innovator of seed genetics. Dutch Passion has developed its own proprietary genetics and owns a seed collection of international cannabis genetics dating back to the 1970s. The company has won more than 50 Cannabis Cups for its high-THC, easy-to-grow varieties. Dutch Passion also invented feminized cannabis seeds in the 1990s and, more recently, helped pioneer the success of high-THC auto-flowering cannabis seeds.
"We are thrilled to be working with Dutch Passion in Australia, Colombia and now Canada. With over 30 years' experience in the development and distribution of cannabis seeds, they are widely recognized as world leaders," said Rob Gietl, CEO of MYM. "As legal production of cannabis has been rapidly increasing worldwide, so has the demand for seed genetics. The Dutch Passion portfolio of seeds will prove to be a very valuable asset to MYM and its shareholders."
Eric Siereveld, CEO of Dutch Passion commented, "There were a lot of options when we were considering working with producers in Canada. We chose to partner with MYM because of their strong network and organization in the global cannabis industry. We are confident that MYM has the best environment to maximize the potential of the genetic products we offer."
Dutch Passion agrees to give MYM exclusive rights in Canada to produce and distribute under the Dutch Passion brand, all products that Dutch Passion sells currently and may sell in the future, including: clones, flowers, pre-rolled joints and other cannabis products. Dutch Passion also agrees to give MYM non-exclusive rights in Canada to produce and/or distribute cannabis seeds under the Dutch Passion brand.
MYM will make Dutch Passion its flagship brand of cannabis seeds for sale in Canada and Dutch Passion will list MYM as an official distributor of products in Canada.
Dutch Passion will allow MYM and its subsidiaries access to all its seed strains for MYM's breeding and production programs and will provide Dutch Passion a 1000 square-metre section in their production facility to co-develop new genetics.
MYM agrees to reproduce bulk seeds of Dutch Passion's proprietary strains for resale to Dutch Passion exclusively, based on advance purchase orders including mutually agreed upon pricing, to be determined. MYM also agrees to produce improved auto-flowering strains for Dutch Passion's catalog. Dutch Passion agrees to purchase seeds from these strains.
About Dutch Passion
Dutch Passion is a Dutch company with over 30 years' experience in the development and distribution of cannabis seeds. Dutch Passion is focused on producing high quality, high-THC cannabis genetics and on providing attentive customer service through its experienced customer service team. Dutch Passion's diverse seed collection of international cannabis genetics dates back to the 1970s, with all varieties having passed strict tests designed to ensure ease of growth, heavy yields and high-quality results. In the 1990s, Dutch Passion invented feminized cannabis seeds and, more recently, helped to pioneer the success of high-THC auto-flowering cannabis seeds. www.dutch-passion.com