INDIVA TO BRING INNOVATIVE EDIBLES BRAND
PORTFOLIO TO CANADA
LONDON, ON, Dec. 15, 2021 /CNW/ - Indiva Limited (the
"Company" or "Indiva") (TSXV: NDVA) (OTCQX: NDVAF),
the leading Canadian producer of cannabis edibles, is pleased to
announce that it has entered into a Licensing and Manufacturing
Agreement with Oregon-based Grön
to bring its innovative and fun edibles brand portfolio to
Canada. Following on Indiva's
success producing and distributing the top selling chocolates and
gummies in Canada, the launch of
Grön products in Canada will
expand Indiva's edible portfolio to include products with
thoughtful, unique minor cannabinoid ratio combinations and form
factors. The initial term of the agreement is for five years,
automatically renewing for three additional five-year terms.
Founded by Christine Smith, the
woman-led and owned edible brand Grön (pronounced "grewn")
is based in Portland, Oregon, and
is one of Oregon's leading
producers and fastest-growing distributors of cannabis
edibles. Grön's edibles portfolio includes candy-coated
chocolate 'Pips', chocolate bars, gelatin gummy 'Pearls' and
other novel edible products. Grön currently manufactures and
distributes its products across four US states, where legally
permissible to do so under applicable state laws, and distributes
its CBD-infused products into international
markets.
"We are delighted to partner with Grön to bring their
innovative, original, high-quality edible products to the Canadian
market," said Niel Marotta, CEO of
Indiva. "Indiva remains committed to growing its top-line and
market share organically in Canada
by bringing products to market that delight our customers, while
expanding the selection of legal cannabis edibles in Canada.
This agreement will allow Indiva to do just that, with new products
which are unique to the Canadian market and complementary to our
existing portfolio of cannabis edibles."
"We are excited to partner with the Indiva team to bring what we
believe are the best tasting edibles in the market today. Their
commitment to product consistency and industry support gives us
confidence that they will be exceptional stewards of the Grön
brand. Grön's cannabis-infused edibles are the perfect addition to
the Canada adult-use cannabis
market, bringing the 'Edibles 2.0' to the community through our
innovative effect-driven cannabinoid ratios, deliciously refreshing
gummy and chocolate flavors, all made with high quality
ingredients," said Christine Smith,
Founder and CEO of Grön.
Indiva intends to begin production of Grön products in
Canada as soon as possible, with
initial deliveries to provincial wholesalers targeted for late Q2
2022.
ABOUT GRÖN
Grön is a women-led multi-state producer of the best tasting
adult-use cannabis-infused edibles. The passionate team of seasoned
executives, chocolatiers, and confectioners come from all over the
world to create something beautifully delicious for you. Their
ingredients are organic, single-origin, Fair Trade Certified, and
locally sourced whenever possible. Product offerings in US markets
include cannabis-infused chocolate, Sugar-Coated Pearls, Mega
Pearls, Candy-Coated Chocolate Pips, as well as Hemp CBD and
adaptogen-infused chocolate, vegan fruit chews, tinctures, and
skincare. Since inception, they've led the cannabis edibles
category in the markets in which they operate with a vast selection
of thoughtfully formulated products. Though Grön was founded in
2015 producing artisan cannabis-infused chocolate, product
innovation continues to shape their offerings in markets
hungry for something new. Grön cannabis edibles are available in
Arizona, Nevada, Oklahoma, and Oregon, with multiple new markets anticipated
to be added in 2022. Connect with Grön on Instagram, LinkedIn,
Twitter, or on their website — eatgron.com.
ABOUT INDIVA
Indiva sets the standard for quality and innovation in cannabis.
As a Canadian licensed producer, Indiva produces and distributes
award-winning cannabis products including Bhang®
Chocolate, Wana™ Sour Gummies, Slow Ride Bakery
Cookies, Jewels Chewable Tablets, Ruby® Cannabis Sugar,
Sapphire™ Cannabis Salt, as well as capsules, pre-rolls and premium
flower under the INDIVA and Artisan Batch brands. Click here to
connect with Indiva on LinkedIn,Instagram, Twitter and
Facebook, and here to find more information on the Company and its
products.
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SOURCE Indiva Limited
