NetworkNewsBreaks – Sunniva Inc. (CSE: SNN) (OTC
Post# of 66
Vertically integrated cannabis company Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF), together with Cannabis Strategic Ventures, Inc. (OTC: NUGS), today announced the signing of a cannabis concentrate extraction services agreement between CP Logistics, LLC (“CPL”), Sunniva’s wholly owned U.S. subsidiary, and Pure Applied Sciences, Inc. (“PAS”), Cannabis Strategic’s wholly owned subsidiary. Per the terms of the agreement, CPL will perform white label services producing high quality, ultra-purified cannabis extracts out of its Sun-Oil Facility in Cathedral City, California, for PAS under the Pure Organix™ brand name, which was recently acquired by Cannabis Strategic. The agreement is for a 12-month term that may be renewed for an additional 12 months at the request of PAS. “As one of the highest quality producers in the marketplace, we believe we are in an excellent position to provide brand product manufacturing services for Cannabis Strategic,” Tony Holler, CEO of Sunniva, stated in the news release. “Both of our firms share the vision of becoming leaders in providing clean, medical grade cannabis products to consumers. We welcome Cannabis Strategic to our growing portfolio of customers.”
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