48North Cannabis (OTCMKTS:NCNNF) has signed an exclusive licensing agreement with U.S.-based Arbor Pacific to introduce a premium cannabis brand in Canada.
Premium Cannabis Brand
The premium brand is Avitas, which is available at more than 500 stores in Washington, Oregon, and Colorado. It is one of the best-selling single strain vaporizer cartridges in the U.S.
Avitas offers additive-free, single strain, ultra-refined and purified vaporizer cartridges. Single strain vaporizer cartridges represent the fastest-growing, next-generation cannabis product category in the U.S., 48North said in a statement.
Avitas Licensing Agreement
48North plans to bring next-generation cannabis products to Canadian consumers in fall 2019.
Under the agreement, 48North will license Avitas’ intellectual property and manufacturing techniques for domestic consumption in Canada, and for global export from Canada. The company will be the exclusive Canadian licensed producer of all present and future Avitas products as