The Hydropothecary Corp. (
TSX V.THCX,
HYYDF,
Forum) on Wednesday said it has entered into a commercial agreement with the Societe des alcools du Quebec (SAQ) to be the preferred supplier of cannabis products for the Quebec market for the first five years of pot legalization, with an option to extend the term for an additional year.
Under the agreement, Hydropothecary will supply 20,000 kilograms of products in the first year of the deal and is expected to supply 35,000 kilograms in the second year and 45,000 kilograms in the third. The volumes for the final two years of the agreement will be established at a later date based on the sales generated in the first three years.
More information can be found
here.
The Hydropothecary Corp. was in the news recently when it received two prestigious awards for Best New Cannabis Product at the inaugural Canadian Cannabis Awards gala.
FULL DISCLOSURE: The Hydropothecary Corp. is a paid client of Stockhouse Publishing.