LANGLEY, BC / ACCESSWIRE / August 17, 2020 / Adastra Labs Holdings Ltd. (CSE:XTRX)(FRANKFURT:D2EP) ("Adastra") a Health Canada Licensed cannabis processing and analytical testing services Company, is pleased to announce a cannabis supply agreement with Pure Sunfarms Corp. ("Pure Sunfarms").
"We are pleased to finalize this cannabis biomass agreement with Pure Sunfarms. With a leader in cultivation in British Columbia in our backyard, we are fortunate to have access to the high-quality cannabis Pure Sunfarms produces on an industrial scale. This strategic biomass agreement will allow Adastra to secure its existing cannabis supply chain while expanding to meet the needs of our growing extraction capacity as we bring cryo-ethanol extraction online later this month to increase production volume." - Andy Hale, CEO Adastra.
Figure 1 - First Pure Sunfarms Shipment at Adastra
Under the terms of the supply agreement Adastra will purchase 6,000 KG of high-quality cannabis biomass from Pure Sunfarms over a term of 6 months. A minimum of 500 KG of high-quality distillate will result from this initial term and provide the basis for significant revenues through bulk sales of distillate or incorporation into value-added cannabis concentrate products such as vaporizing pens, beverages, topicals, and edibles for our B2B clients.
"We are thrilled to establish this partnership with Adastra, another BC-based company that shares our passion for building expert teams who produce high-quality cannabis products. This supply agreement represents an opportunity for Pure Sunfarms to bring our BC cannabis to a growing cannabis market. We look forward to seeing our plants shine through Adastra's product creations." Mandesh Dosanjh, President & CEO, Pure Sunfarms