VIVO Cannabis Inc. (TSXV: VIVO, OTCQX: VVCIF) is pleased to announce that it has signed a multi-year agreement with national cannabis distributor, Green Hedge Education & Distribution Services Ltd.
Green Hedge will be VIVO’s Canadian sales and distribution partner, providing full coverage to licensed cannabis wholesalers and retailers across Canada.
“After a disciplined selection process, VIVO is thrilled to partner with Green Hedge, a results-driven recreational cannabis distribution team, to represent our key brands, including FIRESIDE™, Lumina™ and Canna Farms™,” commented Barry Fishman, CEO of VIVO.
Green Hedge is led by Andrew von Teichman, an industry-recognized sales and marketing entrepreneur. Mr. von Teichman’s experience includes founding Von Terra Enterprises Ltd, a manufacturer’s representation agency, that has earned six LCBO partnership awards. His previous experience includes three years as the Ontario region sales lead at Constellation Brands and being the co-owner of a Canadian winery.
“We are excited to enter the adult-use, recreational cannabis market as a first-mover, providing VIVO with a socially responsible, national distribution solution that we believe will provide a competitive advantage when recreational cannabis is legalized on October 17, 2018,” said Mr. von Teichman, CEO of Green Hedge.
About VIVO Cannabis™
VIVO, based in Napanee, Ontario, is recognized for trusted, high-quality products and services. It holds production and sales licences from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical™, FIRESIDE™, Canna Farms™ and Lumina™. In August 2018, VIVO acquired Canna Farms Limited, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has many years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. VIVO is significantly expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia. In addition, VIVO also operates Harvest Medicine, a patient-centric and highly scalable network of specialty medical cannabis clinics. Harvest Medicine provides best-in-class education and support to over 15,000 patients in its clinics and via its free telemedicine platform. VIVO has a healthy balance sheet with over $100 million in cash and is well-positioned to accelerate the growth of its business, in Canada and internationally.