Through a white label agreement with Shelter Brand House, Medipharm Labs has completed its first delivery of cannabis extracts and vape cartridges.
MediPharm Labs Corp. (TSX: LABS), a global leader in research-driven, pharmaceutical quality cannabis extraction, distillation and derivative product production, is pleased to announce that it has completed its first deliveries under a cannabis 2.0 white label agreement with 1193269 B.C. Ltd., which operates as Shelter Brand House, a cannabis product development company.
Through its wholly-owned subsidiary MediPharm Labs Inc., the Company is providing high-quality cannabis extracts, filling services and national distribution of a line of custom-formulated Shelter vape cartridges initially under the brand Wayfarer, along with other future contemplated brands. Shelter created Wayfarer for consumers with uncompromising tastes who want the highest-caliber experience along with sleek product design.
Being among the first license holders to bring newly approved, quality-assured cannabis concentrate derivative products to Canadian consumers confirms the continued execution of MediPharm Labs' platform that we've built over the last five years.Pat McCutcheon, Chief Executive Officer of MediPharm Labs.
Pat McCutcheon, Chief Executive Officer of MediPharm Labs stated that "We intend to use our proven platform to expand our white label portfolio with serial innovators like Shelter who focus on building top, quality brands for all consumers."
First Consumer-tested Shipments Completed
In December 2019, MediPharm Labs received initial purchase orders from provincially authorized distributors for Shelter's Wayfarer-branded, quality-assured vape cartridges. Utilizing its new Cannabis Act research licence that allows sensory testing of final products, MediPharm Labs' Research and Development Team selected formulations for the initially launched Wayfarer products after human feedback on terpenes and final products. MediPharm Labs confirms its initial shipments of Wayfarer Northern Lights (Indica) vape cartridges were delivered into three provinces, British Columbia, Saskatchewan and Manitoba before the end of 2019.
"Shelter's mission is to lead in both quality and innovation at every stage of bringing cannabis to market," said Shelter's CEO and founder, Mark Hauk. "Wayfarer cannabis vape cartridges are an outstanding example of Shelter's custom hardware and brand development abilities. MediPharm Labs is our perfect production and distribution partner for Wayfarer."
The Agreement, entered into in December 2019, has an initial term of 12 months, with an option to extend, and relates to the filling, formulation and distribution of Shelter-branded vape cartridges, subject to purchase orders and pricing from provincial distributors. Under the Agreement, MediPharm Labs will receive certain fees for services related to procurement, formulation, quality assurance, manufacturing and distributing to provincial retailers, along with a portion of revenue from sales of the Shelter vape cartridges.
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