#Quebec, #Ontario, #Alberta, #BritishColumbia #Canada, #marijuana, #HydropothecaryCorp,, #HealthCanada, #AccesstoCannabisforMedicalPurposesRegulation, #Saskatchewan
Ottawa, Apr 12 (Canadian-Media): Six companies including: Hydropothecary Corp, Canopy Growth and Aphria Inc, MedReleaf Corp, Aurora Cannabis and private equity firm Privateer Holdings-backed Tilray Canada have signed agreements with Quebec’s liquor board to supply the province with marijuana when Canada legalizes its recreational use this year, the companies said in separate statements on Wednesday, media reports said.
As much as 62,000 kg (136,687 pounds) of marijuana in total would be supplied by these companies to the province in the first year.
Most of the agreements are for at least three years.
The Hydropothecary Corporation, licensed by Health Canada under the Access to Cannabis for Medical Purposes Regulation and is an authorized producer and distributor of medical cannabis.
Hydropothecary, the biggest supplier, with a five-year agreement, has agreed to the sales of 100,000 kg in the first three years.
Hydropothecary creates award-winning innovative, easy to use and easy to understand products.
Hydropothecary is rapidly increasing its production capacity in the lead-up to recreational adult-use cannabis.
Expansion plans will result in a total of 1.3 million sq. ft. of production space, producing 108,000 kg of dried cannabis per year, making Hydropothecary one of the largest producers in the country.
Hydropothecary, headquartered in Quebec, is one of the lowest-cost producers in the country.
The province plans to open 20 government-run stores upon legalization.
Final vote on legalizing marijuana is set on June 7 by Canada’s senate,
The sales marijuana are expected to start in the fall.
Provinces, including Quebec and Ontario, plan to open government-run stores.
Other provinces such as Alberta and Saskatchewan will open private ones.
British Columbia plans to have both government-run stores and private ones.
(Reporting by Asha Bajaj)