Cannabis Wheaton Income (TSXV:CBW) announced a strategic alliance agreement research and development firm Honest, which operates Province Brands of Canada.
As quoted in the press release:
Pursuant to the Agreement, and subject to applicable laws, the Company will assist Province in obtaining the Federal licensing necessary for Province to engage in the research, development and commercialization of cannabis-based beverages (the “License“) through its Wheaton Licensing Program by providing Province with the resources and expertise necessary to achieve the License.
Hugo Alves, President of Cannabis Wheaton, stated, “We are very excited about this collaboration with Province. We believe that our regulatory and industry expertise, coupled with Province’s accomplished team, will be a winning combination for both companies as we work to develop unique consumer products and formulations which we believe will eventually play a huge role in the cannabis industry and ultimately be disruptive to the alcohol industry. We look forward to partnering with Province and helping them build an industry-leading global brand in the cannabis beverage vertical.”