TORONTO, May 28, 2020 /CNW/ - 48North Cannabis Corp.
("48North" or the "Company") (TSXV:NRTH), is pleased
to announce that it has launched its Trail Mix recreational
cannabis brand. To that end, the Company shipped the first order of
its Trail Mix branded Pax Era Pods, to the Ontario Cannabis
Store ("OCS") for retail sale.
Today, 48North is officially launching its accessible Trail
Mix brand to Canadian consumers in the Ontario recreational market. Building on the
Company's belief that high-quality cannabis experiences should be
available to all, 48North's low-cost production advantage allows
the Company to produce this brand at competitive pricing. Looking
ahead, Trail Mix will include: additional Pax products, all-in-one
disposable pens, dried flower, and pre-rolls.
Trail Mix is the Company's range of sun-grown,
rain-watered cannabis. Inspired by the sights and sounds of the
great outdoors. Our bold, single strain cannabis lets you choose
your own intent: High energy day or low energy night. The world
awaits.
At launch, 48North is releasing two Trail Mix
products:
- Moonlight Shadow Pax Pod (Indica 70 – 80% THC /
<1% CBD): This woodsy, outdoor-grown indica with hints of berry
and sweet grapes is known for its relaxed effects and body high.
Ideal for an evening under the stars.
- Daytrip Eclipse Pax Pod (Sativa 70 – 80% THC / <1%
CBD): Minty and sweet expect a euphoric, uplifting high with this
this sun-kissed, rain-watered sativa. Daytrip Eclipse is grown
outdoors and best enjoyed there, too.
"As we continue to listen to consumer feedback, we know that
price point is a critical driver of purchasing decisions and are
confident this will match demand for more affordable products. With
that in mind, the launch of Trail Mix is a critical step in
our renewed commitment to improving operations, investing in
product development, and supporting high-quality experiences for
Canadian consumers," said Charles
Vennat, CEO of 48North.
The agreement between PAX Labs – an industry-leading brand,
well-known for premium quality and consistency – and Fume Labs is a
testament to Fume Labs' and 48North's operational expertise in the
production of cannabis products, specializing in concentrate
extraction and refining, formulation and filling, and packaging and
distribution.
Trail Mix Pax Era Pods will retail at the OCS both online
and in retail stores across the province. Looking ahead, in the
near-term 48North will be launching the Trail Mix Pax Era
Pods in Alberta and Saskatchewan.
About 48North
48North Cannabis Corp. (TSXV: NRTH) is a vertically integrated
cannabis company focused on manufacturing high-quality products,
building progressive and thought-provoking brands, and low-cost
cultivation. 48North is developing formulations and manufacturing
capabilities for its own proprietary products, as well as
positioning itself to contract manufacture similar products for
third parties. 48North operates Good:Farm, a 100-acre organic
cannabis farm which produces organically grown cannabis, securing a
significant first-mover advantage in the production of low-cost,
next-generation, extract-based cannabis products. In addition,
48North operates two indoor-licensed cannabis production sites in
Ontario. 48North cultivates unique
genetics at its wholly owned subsidiary, DelShen Therapeutics Corp.
("DelShen") and processes cannabis and manufactures next-generation
cannabis products at Good & Green Corp. ("Good & Green"),
both Licensed Producers under the Cannabis Act.
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this release. Certain statements contained in this press release
constitute forward-looking information. These statements relate to
future events or future performance. The use of any of the words
"could," "intend," "expect," "believe," "will," "projected,"
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matters that are not historical facts are intended to identify
forward-looking information and are based on the parties' current
beliefs or assumptions as to the outcome and timing of such future
events. Actual future results may differ materially. Please refer
to the Company's SEDAR filings for further details concerning the
risks associated with the Company's business. The forward-looking
information contained in this release is made as of the date hereof
and the parties are not obligated 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 laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained herein.
Public health crises, including the ongoing novel coronavirus
(COVID-19) pandemic, could have significant economic and
geopolitical impacts that may adversely affect the Company's
business, financial condition and/or results of operations.
SOURCE 48North Cannabis Corp.