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Hiku Brands Enters Into Supply Agreement
with Ontario Cannabis Store
TORONTO, Aug. 20, 2018 /CNW/ - Hiku Brands Company Ltd.
(CSE: HIKU) ("Hiku" or the "Company") is excited to announce that
we have entered into a supply agreement with the Ontario Cannabis
Store to supply branded cannabis online starting October 17, 2018.
The Supply Agreement will see 25 SKUs of cannabis available for
sale in Ontario, which is in
addition to previously announced supply agreements that Hiku Brands
has entered into in Manitoba and
British Columbia. As Canada's first vertically integrated cannabis
company, Hiku is an active participant in both the wholesale and
future retail markets of cannabis.
Hiku Brands cannabis will be available in various sizes and
formats including raw flower, oils, pre-rolls, and our Hosting Gift
Pack.
"This is an exciting time for Hiku Brands as we begin to realize
the full value of our vision as Canada's first vertically cannabis company
with state-of-the-art grow facilities in British Columbia, a series of well
established, curated brands, significant supply agreements, as we
grow our retail footprint" said Alan
Gertner, Chief Executive Officer of Hiku Brands. Further,
Mr. Gertner added, "With a growing number of retail stores, the
potential of Tokyo Smoke cannabis stores in Ontario, our increased grow facility space,
additional supply agreements across the country, and strategic
investments in Canada and beyond,
Hiku is poised to be a leader in the adult-use cannabis
sector."
About Hiku
Hiku is focused on building a portfolio of engaging cannabis
brands, unsurpassed retail experiences and handcrafted cannabis
production. With a national retail footprint led by Tokyo Smoke,
craft cannabis production through DOJA Cannabis Ltd.'s ACMPR
licensed grow, Van der Pop's
female-focused educational platforms, and Maïtri, our Quebec-based cannabis brand featuring high
quality handmade accessories, Hiku houses an industry-leading
portfolio that aims to set the bar for cannabis brands in
Canada.
Hiku's wholly-owned subsidiary, DOJA Cannabis Ltd., is federally
licensed to cultivate and sell cannabis pursuant to the ACMPR,
owning two production facilities in the heart of British Columbia's Okanagan Valley. Hiku's
subsidiary, TS Brandco Holdings Inc. ("Tokyo Smoke"), has been
conditionally awarded one of four master retail licenses in
Manitoba. Hiku also operates a
network of retail stores selling coffee, clothing and curated
accessories, across British
Columbia, Alberta and
Ontario.
Forward Looking Statements
This news release contains statements that constitute
"forward-looking statements". Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause Hiku's actual results, performance or achievements,
or developments in the industry to differ materially from the
anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects,"
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
Forward-looking statements in this press release include, among
others, the future business plans and operations of the Company,
the Company's anticipated results of operations, the timing of
supply of cannabis under the Supply Agreement, the potential for
future retail stores in Ontario,
the types and amount of product that will be available under the
Supply Agreement, the Company's growing retail footprint and
increased facility space, additional supply agreements and retail
stores throughout Canada, and
future strategic investments. By their nature, forward-looking
statements are based on the opinions and estimates of management at
the date the information is made, and is subject to a variety of
risks and uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the
forward-looking information. Hiku is not under any obligation, and
expressly disclaims any intention or obligation, to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable law.
The Canadian Securities Exchange has not approved nor
disapproved the contents of this news release.
SOURCE Hiku Brands Company Ltd.