(TheNewswire)
February 3 2021, - TheNewswire - Ottawa, Ontario – Molecule Holdings Inc. (C NSX :MLCL. CN ) (“ Molecule ” or the“ Company ”), a Canadian craft-focused cannabis beverage productioncompany, is pleased to announce that its sales partner, VortexCannabis Inc. (“ Vortex ”) has signed a Master SupplyAgreement with the Ontario Cannabis Store ( “OCS” ). Theagreement is in relation to 11 products that were previously submittedby Molecule, and have now been resubmitted with Vortex as licensedsales partner.
“We continue to be incrediblypleased with the development of the partnership with Vortex. Withina week of signing the sales amendment partnership, Molecule, Vortexand the OCS worked together to complete the requirements for theMaster Supply Agreement, and have now submitted 11 SKUS to be sold tothe OCS through Vortex. This is great news for bringing the craftshelf to market ,” said President and CEO PhilWaddington.
“In anticipation of shipping to the OCS as early asMarch, we have switched gears from test production runs toinventory-ready production runs of all 11 products,” he added.
ON BEHALF OF THE BOARD
MOLECULE HOLDINGS INC.
Per: “ PhilipWaddington ”
President, CEO and Director
For further information, pleasecontact:
André Audet, Chairman andCo-Founder
Phone: 1 (888) 665-2853 x101
Email: andre@molecule.ca
About Molecule Holdings Inc.
Molecule works with client-partners to engage in theproduction of cannabis-infused beverages and edibles. We provide theinfrastructure, know-how, technology, and licensing for craftproducers to create consumable cannabis products. Molecule’s goal isto be the on-ramp for companies wishing to enter into the cannabisbeverage and edibles market, but who choose not to go through thesignificant process of obtaining the required cannabislicences.
Neither the Canadian SecuritiesExchange nor its regulation services provider accepts responsibilityfor the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain statements contained in thisnews release may constitute forward-looking information.
Forward-looking information isoften, but not always, identified by the use of words such as"anticipate", "plan", "estimate","expect", "may", "will","intend", "should", and similar expressions.Forward-looking information involves known and unknown risks,uncertainties and other factors that may cause actual results orevents to differ materially from those anticipated in suchforward-looking information. The Company's actual results could differmaterially from those anticipated in this forward-looking informationas a result of regulatory decisions, competitive factors in theindustries in which the Company operates, prevailing economicconditions, and other factors, many of which are beyond the control ofthe Company. In this news release, the Company is makingforward-looking statements with respect to production and delivery ofcannabis products. The Company believes that the expectationsreflected in the forward-looking information are reasonable, but noassurance can be given that these expectations will prove to becorrect and such forward-looking information should not be undulyrelied upon. Any forward-looking information contained in this newsrelease represents the Company's expectations as of the date hereofand is subject to change after such date. The Company disclaims anyintention or obligation to update or revise any forward-lookinginformation whether as a result of new information, future events orotherwise, except as required by applicable securitieslegislation.
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