VANCOUVER, British Columbia – Benchmark Botanics, Inc. (CSE: BBT, FSE: BBW, OTC Pink: BHHKF) (“Benchmark” or the “Company”) a licensed producer of cannabis for the medical and adult-use recreational markets, is pleased to announce that its wholly-owned subsidiary, Potanicals Green Growers Inc. (“Potanicals”), has signed a Licensed Producer Supply Agreement for Non-Medical Cannabis with the Province of British Columbia.
In British Columbia (BC), Benchmark has signed an agreement with the BC Liquor Distribution Branch (BCLDB), the sole, wholesale distributor of non-medical cannabis for the province that will operate standalone, public retail stores and provide online sales.
Commenting on the signing of the cannabis supply agreement, William Ying, Benchmark’s CEO, stated, “We are extremely pleased to have achieved another major milestone and to further evolve the overall growth of the organization. Benchmark is very proud to have the credentials and capabilities to offer British Columbians safe, high-quality products. We are excited to work with partners that now includes the Province of British Columbia to help ensure the success of new adult-use recreational cannabis markets.”
In addition to our bulk sale license received in August 2018, in July 2019 Benchmark received notification from Health Canada that it had been granted a sales license for the following activities related to sale of cannabis:
A license for sale for medical purposes.
A license for standard processing authorizing the sales of cannabis plants, cannabis plants seeds, fresh cannabis, and dried cannabis products.
Benchmark now has the ability to sell into provincial recreational supply chains and make direct online sales to medical cannabis clients.
Benchmark, through Potanicals, acquired its original Cultivation License in October 2017 under the Access to Cannabis for Medical Purposes Regulations.
About Benchmark Botanics Inc.
Benchmark Botanics is a diversified multi-licensed cannabis producer focused on a three-way vertical business model targeting the medical, pharmaceutical, and recreational markets in Canada and the EU. The Company’s business plan also includes a strategy to become a Canadian licensed producer to pioneer selling medical cannabis and hemp throughout Asia.
Benchmark Botanics is focused on producing the highest-quality, indoor-grown cannabis for patients and adult recreational consumers, as well as developing international business partnerships to extend the Company’s global footprint.
Benchmark Botanics’ 100 percent owned subsidiary, Potanicals Green Growers Inc. is a Health Canada licensed producer under the Cannabis Act and its regulations (formerly ACMPR). The Company is producing at its indoor Peachland Cannabis Complex and is constructing a Phase II expansion of an additional 10,000 square foot facility there. Along with cultivation and production, the company’s Peachland BC facility also provides propagation, cultivation, cloning, storage, research and development, genetics and is progressing towards CBD oil extraction and an EU-GMP certification.
As part of its expansion strategy the company is building its second facility, a 4-acre Pitt Meadows Greenhouse Operations in BC.
Benchmark Botanics is a diversified multi-licensed cannabis producer focused on a three-way vertical business model targeting the medical, pharmaceutical, and recreational markets in Canada and the EU. The Company’s business plan also includes a strategy to become a Canadian licensed producer to pioneer selling medical cannabis and hemp throughout Asia.
