AgraFlora Organics Signs Cannabis Supply Deal With Cabbay Holdings Corp.

After changing names from PUF Ventures and acquiring a large cannabis seed library, AgraFlora Organics International Inc. (CSE: AGRA; OTCPK: PUFXF) just signed a new supply deal with Cabbay Holdings Corp. The cannabis supply agreement will take place between subsidiaries on both sides.

AgraFlora’s end of the agreement will take place through Propagation Services Canada Inc, an entity formed in the summer of 2018 when PUF Ventures teamed up with an individual greenhouse grower in Delta, British Columbia.

Cabbay’s side of the deal will take place through subsidiary Alta-Sun Samson Holdings Corp, which currently operates a 5-acre grow site near Edmonton located on Enoch Cree Nation land. Alta-Sun Samsons’s Head Grower Andrew Morin is the son of the former Chief of the Enoch Cree Nation.

While waiting on receiving a cultivation license under the rules of the Cannabis Act, Alta-Sun Samson will now acquire high CBD plants from Propagation Services Canada.

In a press release announcing the deal, Alta-Sun Samson’s Andrew Morin commented:

Having the ability to acquire high quality propagation plants for our outdoor cannabis operation is a significant advantage. The timeline for AgraFlora’s retrofit of their large-scale greenhouse works well with our application for a cultivation license and we look forward to a long and mutually beneficial partnership.

AgraFlora is currently propagating plants and building up a medical customer base while work is completed on the company’s primary grow space.

The retrofit construction project at AgraFlora’s 2,200,000 sq. ft. facility is slated to be completed by the end of 2019, with the first phase currently underway to add on post-production facilities that will be operational by Q2.

This deal with Alta-Sun Samson is the company’s second supply agreement to be struck, with AgraFlora also signing a supply deal with Namaste Technologies subsidiary CannMart in December.

Last month, AgraFlora also completed a seed acquisition deal to acquire 184 cannabis breeds of varying CBD, THC, and terpene profiles. The company ceased business as PUF Ventures in November, changing names to AgraFlora to better reflect a focus on Canadian cannabis production.

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Ty Arthur

Ty Arthur has spent the last decade of his journalism career covering everything from cutting-edge tech to local news through outlets such as the Houston Chronicle. He has focused on the counterculture aspects of society, from marijuana legalization to underground music through Metalunderground.com and rapidly changing trends in the entertainment industry. He lives in the cold, dark north with his wife and son.

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