more products selling = more extracting "The acquisition of Delivra by Harvest One puts further emphasis on the Harvest One goal of being a leading house of brands in the global health, wellness, and self-care sector,” said Harvest One CEO Grant Froese. “The addition of LivRelief, which is already on retail shelves across Canada, will give Harvest One a head start for cannabis-infused products in Canada.”
Transaction rationale
Delivra will immediately add to the revenue of Harvest One with its existing distribution into Shoppers Drug Mart, Walmart, Loblaw, Rexall, Pharmasave, London Drugs, and other major retailers in conjunction with Harvest One's existing distribution of Dream Water in 30,000 stores across North America
Froese said it is “a great addition” to the company’s existing brands in this space with Satipharm CBD GelPell capsules already on sale in Europe, and Dream Water, its natural sleep aid, available across North America.
Harvest One has initiated its product development strategy to produce oil-based derivative products, through its extraction agreement with Valens GroWorks Corp (CSE:VGW).