Aurora Cannabis (TSX:ACB) signed a cannabis flower and trim supply agreement with Ascent Industries wholly-owned subsidiary Agrima Botanicals.
As quoted in the press release:
Under the terms of the Agreement, Agrima will supply Aurora with up to 20,000 [kilograms] of dried cannabis flower and up to 6,000 [kilograms] of cannabis trim per year from its Canadian cultivation facilities. The Agreement is effective for a term of five years, subject to a 12,000 [kilograms] per year minimum.
“The agreement with Ascent brings further differentiation to Aurora’s growing portfolio of products,” said Terry Booth, CEO. “Expanding product choice to our various audiences through quality operators such as Agrima positions us well to accelerate growth. Furthermore, the relationship provides an opportunity to potentially source additional, higher-margin derivative products down the line.”