Sanna Health Corp. is a Canadian cannabis company that holds the exclusive Canadian license of cannabis products. The company is seeking to enter into official supply agreements with the renowned cannabis retailers Canna Cabana of High Tide Inc. and Delta 9 Cannabis Inc. in the first quarter of 2020. Moreover, Sanna plans to launch its online store for direct patient sales in the second quarter.
AgraFlora Organics International Inc. (CSE: AGRA), a growth-oriented and diversified international cannabis company, has just announced that the company has entered into a preliminary agreement to acquire all issued and outstanding shares of Sanna Health Corp.
Sanna Health Corp.is a Canadian cannabis company based in the greater Toronto area and holds the licenses granted under the “Access to Cannabis for Medical Purposes Regulations (ACMPR).”
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Sanna Health Corp. makes preparations for 2020
Sanna Health Corp. owns an 88-acre open-land farm, which is in the late stages of the licensing application process with Health Canada.
The company plans to file its Affirmation of Readiness and corresponding video material for its first Zone One field area on 13 acres on or before Mar. 1, 2020. This is in preparation for the 2020 growing season.
Canna Cabana and Delta9 partner with Sanna Health
Sanna Health Corp. currently has a memorandum of understanding with the renowned cannabis retailers Canna Cabana of High Tide Inc. and Delta 9 Cannabis Inc.
Together, Canna Cabana and Delta9 will have 45 licensed, high traffic retail locations across Canada in the first quarter of 2020.
The company will seek to enter into official supply agreements with these retailers in the first quarter of 2020, including minimum annual purchases and strategic marketing collaboration initiatives.
Online store to be launched in 2020
Sanna Health expects to launch its online store for direct sales to patients, in the second quarter of 2020 using its license to sell cannabis for medical purposes.
The company will design and build a 1,500-square foot distribution center at its licensed 16 acres site in Greater Toronto to benefit a population of seven million people within 60 minutes.
That is one of the largest markets in North America. Greater Toronto is the largest metropolitan area in Canada and offers the company a lucrative opportunity to gain a significant share of Canada’s largest cannabis market.
The planned Sanna Health site distribution point also strengthens the company’s vertical integration mandate by combining a retail presence in a highly frequented area and a continued brand presence with existing cultivation, processing and extraction capacity.
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