Adastra announces supply and purchase agreement with Sitka Weed Works
by CM Staff
Sitka has agreed to provide cannabis to Adastra, and Adastra has agreed to package, excise, and sell finished goods directly to provincial wholesalers.
LANGLEY — Adastra Holdings Ltd. announced that it has signed a definitive agreement with Sitka Weed Works Inc. regarding the supply of cannabis grown by Sitka.
Sitka is a cultivator and operator of craft cannabis flower in Sooke, British Columbia, including new strains grown from unique genetics. Sitka is a micro park with 51 micros specializing in quad craft cannabis. Sitka is positioned to maximize the market opportunity in B.C. by creating products for domestic and global cannabis markets, featuring veteran growers and a vast genetics portfolio.
“Adastra is committed to building a portfolio of cannabis products consisting of the highly cultivated and curated strains available in the market, giving consumers access to unique experiences and promoting the exceptional market and talent in Western Canada,” said Donald Dinsmore, Chief Operating Officer at Adastra. “Our partnership with Sitka assures the supply of high-quality biomass, enabling us to manufacture and sell premium strain-specific cartridges derived from Sitka Cannabis. The business arrangement is more than a supply agreement; it represents an important step as Adastra seeks to build upon the already popular Phyto Extractions brand, which we now own outright. Strong partnerships with organizations like Sitka are key to delivering on our innovation strategy for premium products, which are highly sought after by Canadian consumers.”
Under this arrangement, Sitka has agreed to provide cannabis to Adastra, and Adastra has agreed to package, excise, and sell finished goods directly to provincial wholesalers. The Company expects initial shipments in the following months.