LiveWell signs agreement to market their cannabis products
Article published on 9 April 2018
logo imprimer
Noter cet article :
0 vote

LiveWell Foods and Canopy Growth Corporation (including Canopy River) announced last week that they have reached a strategic agreement to accelerate the development and commercialization of LiveWell’s projects in Ottawa, as well as the project at the industrial park located in Litchfield in the Pontiac. Together, these large-scale projects represent more than 1,500,000 square feet of future infrastructure dedicated to the production and processing of cannabis.

Canopy Growth said it remains on the lookout for synergistic and mutually beneficial opportunities to support emerging industry players by providing strategic advisory services and financial support. Canopy Growth Co-Founder Sean McNulty said they would collaborate to accelerate the marketing for LiveWell and distribute their products.

An April 5 press release states that Canopy will provide LiveWell with high quality cultivars for its first production cycle, specialized advisers, support for compliance to meet standard operating procedures as well as other forms of strategic and financial support required to help LiveWell’s facilities become licensed and fully operational. Once licensed, LiveWell will also be able to launch its brand by using Canopy Growth’s extensive distribution network, which includes Tweedmainstreet.com, the largest registered patient network in the industry, as well as its many outlets for retail sale of cannabis for recreational purposes.

LiveWell CEO, Seann Poli stated that through the partnership with cannabis industry leaders Canopy Growth and Canopy Rivers, LiveWell is in a position to implement its ambitious growth projects with efficiency and speed.

As part of this agreement, Canopy Growth and Canopy Rivers will receive LiveWell shares. LiveWell and Canopy have also entered into a purchase agreement for cannabis produced at the Ottawa facility. LiveWell will be able to obtain up to $ 20,000,000 in financial loans from Canopy Rivers.

Overview of LiveWell Foods Canada
LiveWell is a vertically integrated cannabis production company whose capabilities cover the entire manufacturing process, from planting seeds to selling products. They currently have two large-scale cannabis greenhouse construction projects covering a total area of over 1,500,000 square feet. In addition to producing dried buds and oils, the company’s technology allows it to produce extracts and isolate specific dosage formulations, for sale in future markets for recreational cannabis as well as edibles. LiveWell also distributes hemp products in bulk.

Pontiac Project Overview (Litchfield, Quebec)
The Pontiac’s 500-acre site is set up with the good sustainable development, innovation, investment and partnership support. It is ideally located on the edge of the Ottawa River, northwest of Gatineau, Quebec, one hour from the city, and receives an abundant supply of water and electricity at some of the most competitive rates in North America. The site will house a global innovation center and a facility dedicated to the research and development of cannabis and hemp, allowing the creation of accurate dosage products for the markets of medicinal, pharmaceutical, nutraceutical and recreational cannabis. In total, the project will cover an area of one million square feet of greenhouses. The construction of the first 100,000 square feet has already begun.

Les Nouvelles du Pontiac

Cancellation of the 2020 Fort-Coulonge/Mansfield Country Festival

8 April 2020

The COVID-19 context continues to have negative repercussions on the economy and on the tourism industry in the Pontiac. The organizers of the Fort-Coulonge/Mansfield Country Festival, Carole Faubert and Phil Denault, have decided to cancel this year's event: The event will return in 2021, (...)

lire la suite

Report - Quebec Government's 1 p.m. press briefing - April 7th 2020

7 April 2020

Each day, the Quebec government holds a press briefing to update its citizens regarding the situation surrounding COVID-19 across Québec. These press briefings are broadcast live on the air in French at 1 p.m. on CHIP 101.9. During The Drive on CHIP 101.9, after 5p.m., the following English (...)

lire la suite

5:30 pm Update - Jane Toller - April 7th, 2020

7 April 2020

5:30 p.m. update from the Warden of the MRC Pontiac Jane Toller. Topics to note today: Spring Floods Easter celebrations Local and provincial situation update - News / politique, actus, Coronavirus

lire la suite

12 new cases of COVID-19 in the Outaouais

7 April 2020

The Outaouais region has declared 12 new cases of COVID-19 on its territory on Tuesday, bringing the total to 129. The MRC Pontiac still counts 5 cases and less. According to information provided by the Centre intégré de santé et de services sociaux (CISSS) de l'Outaouais, 99 people are infected (...)

lire la suite

Message aux élèves de la formation professionnelle et de la formation générale adulte

7 April 2020

La Commission scolaire des Hauts-Bois-de-l'Outaouais (CSHBO) a fait parvenir une lettre à l'intention de ses étudiants de la formation professionnelle et de la formation générale adulte : [(Nous sommes pleinement conscients que vous vous posez d'innombrables questions concernant la fin ou la (...)

lire la suite

Mayors of the MRC Pontiac to discuss floods and aid to enterprises

7 April 2020

The mayors of the MRC Pontiac will meet this Wednesday to discuss, among other things, emergency aid to small and medium-sized businesses and civil security in the event of floods. This extraordinary meeting of the Council of Mayors is convened to be held on Wednesday April 8th, 2020 in the (...)

lire la suite


Advertising