Heritage Cannabis Holdings Corp (CSE:CANN) (OTCMKTS:HERTF) announced Monday that its Voyage Cannabis Corp subsidiary has signed a term sheet for an agreement with Weed Me Inc for contract manufacturing services to produce high-quality cannabis vape cartridge products.
Heritage noted that its Purefarma Solutions subsidiary has been working with the production designers at Weed Me for the past two months to create a product that will offer consumers a unique flavour profile while complementing and extending Weed Me's offerings of flower and pre-roll products.
"While we continue to actively work with Health Canada to get our own branded products launched this summer, we are also focused on expanding our contract manufacturing relationships, both of which we expect to have a positive impact on future revenues," Heritage CEO Clint Sharples said in a statement.
"This agreement with Weed Me furthers our strategy and contributes to the diversification of our revenue streams, which we expect will have a positive long-term impact on our success. As with any product we produce, the focus is on providing the consumer with a high-quality experience, and we believe this vape product from Weed Me definitely meets this expectation," Sharples added.
Toronto-based Heritage said Voyage will produce the vape cartridges for Weed Me with all formulation, preparation and packaging procedures performed in compliance with applicable regulations.
"We are happy to continue our business relationship with Heritage for this new product offering as we are confident in their ability to maintain the same high level of product excellence that Weed Me has become known for with our other smokable products," said Weed Me CEO Ed Jamieson.
"We are looking forward to bringing these vapes to market this summer as we continue with our business growth and focus on providing high-quality cannabis products to the recreational consumer," he added.
Contact the author: [email protected]
Follow him on Twitter @PatrickMGraham