Building the Craft Shelf for Cannabis Beverages
Message: Molecule and Vortex Partner on Signing the Ontario Cannabis Store (OCS) Master Supply Agreement and Launch of 11 Molecule Crafted(tm) Products
February 3 2021, - Ottawa, Ontario – Molecule Holdings Inc. (C NSX :MLCL. CN ) (“ Molecule ” or the “ Company ”), a Canadian craft-focused cannabis beverage production company, is pleased to announce that its sales partner, Vortex Cannabis Inc. (“ Vortex ”) has signed a Master Supply Agreement with the Ontario Cannabis Store ( “OCS” ). The agreement is in relation to 11 products that were previously submitted by Molecule, and have now been resubmitted with Vortex as licensed sales partner.
“We continue to be incredibly pleased with the development of the partnership with Vortex. Within a week of signing the sales amendment partnership, Molecule, Vortex and the OCS worked together to complete the requirements for the Master Supply Agreement, and have now submitted 11 SKUS to be sold to the OCS through Vortex. This is great news for bringing the craft shelf to market ,” said President and CEO Phil Waddington.
“In anticipation of shipping to the OCS as early as March, we have switched gears from test production runs to inventory-ready production runs of all 11 products,” he added.
ON BEHALF OF THE BOARD
MOLECULE HOLDINGS INC.
Per: “ Philip Waddington ”
President, CEO and Director
For further information, please contact:
André Audet, Chairman and Co-Founder
Phone: 1 (888) 665-2853 x101
Email: [email protected]
About Molecule Holdings Inc.
Molecule works with client-partners to engage in the production of cannabis-infused beverages and edibles. We provide the infrastructure, know-how, technology, and licensing for craft producers to create consumable cannabis products. Molecule’s goal is to be the on-ramp for companies wishing to enter into the cannabis beverage and edibles market, but who choose not to go through the significant process of obtaining the required cannabis licences.
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this press release.
Certain statements contained in this news release may constitute forward-looking information.
Forward-looking information is often, 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 or events to differ materially from those anticipated in such forward-looking information. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. In this news release, the Company is making forward-looking statements with respect to production and delivery of cannabis products. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company 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 required by applicable securities legislation.
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