Announcement
CannaHive Signs Definitive Agreement with Sproutly Canada Inc.
Major Milestone for Cannahive Inc.
CannaHive is pleased to announce it has entered a definitive agreement with Sproutly Canada, Inc. to produce Cannabis 2.0 products at their subsidiary Toronto Herbal Remedies (THR) in Scarborough, Ontario. This agreement finalizes the commercial arrangement with Sproutly initially announced in a letter of intent in February of this year.
The Agreement allows Sproutly to utilize CannaHive’s proprietary manufacturing and packaging equipment and intellectual property to manufacture cannabis infused confectionaries, such as gummies and candies, along with their unique cannabis dissolvable powder, at the THR facility.
“This agreement marks a major milestone for CannaHive and the Canadian cannabis industry. In the coming weeks Sproutly and Cannahive will bring to the consumer pharma-grade premium quality edible products at a price that will reshape the market. We are not just another player. We’re here to make a difference. I can’t wait to push the button!”
Jonathane Seguin, Co-founder and Co-Chief Executive Officer and Director of CannaHive.
“This is an important step in the execution of our business transformation plan into Cannabis 2.0 products. We are happy to have finalized the agreement with CannaHive. Our priority now is to complete the integration and move to production of high quality and clearly differentiated edible products at significant volumes for the Canadian market.”
Dr. Arup Sen, Chief Executive Officer and Director of Sproutly.
We are a Manufacturing Management Service Organization (MMSO)
Are you looking for novel product formulations or presentations?
Do you need assistance to set up operations?
Are you already set up but seek operation excellence?
Are you looking for IP to secure and protect your market share?
CannaHive is the partner you are looking for!
We offer you a unique joint venture opportunity to ride the first wave of
cannabis 2.0 and beyond, to capture your share of the cannabis edibles and cosmetics markets.
We set up and operate a highly automated manufacturing and packaging line within your premises and under your licence.
Costs are reduced. Risks and profits are shared.
Performance is maximized.
We have a wide array of formulated products readily available
Gummies
Chocolates
Cosmetics
Together we can build a sustainable vision for a productive future!
Contact Us
info@cannahive.ca
1 833-993-HIVE
