- HYTN Innovations’ (HYTN) wholly owned subsidiary, HYTN Cannabis, has signed a manufacturing agreement with Tricanna Industries
- Tricanna is a leading supplier of pre-rolled cannabis products
- As per the agreement, all revenue from orders of pre-rolled cannabis products will flow through HYTN, with the company retaining a percentage of the net sales price
- HYTN formulates, manufactures, markets, and sells premium cannabis goods
- HYTN Innovations Inc. (HYTN) opened trading at C$0.10 per share.
HYTN Innovations’ (HYTN) wholly owned subsidiary, HYTN Cannabis, has signed a manufacturing agreement with Tricanna Industries.
Tricanna is a leading supplier of pre-rolled cannabis products. The agreement opens new sales channels for Tricanna’s premium cannabis pre-rolls to provincial and territorial distributors. It leverages HYTN’s sales license, industry-leading operational and quality management systems and extensive vendor relationships to create incremental revenue for the company.
Elliot McKerr, CEO of HYTN, commented on the news.
“The agreement aligns us with a great pre-roll partner. We are excited to work with Tricanna to deliver pre-rolls to the Canadian market.”
HYTN has achieved vendor qualification in all major Canadian markets for Tricanna’s products. As per the agreement, all revenue from orders of pre-rolled cannabis products will flow through HYTN, with the company retaining a percentage of the net sales price.
The company has also received its first order for an infused cannabis extract pre-roll from the Ontario Cannabis Store. HYTN expects to fulfil this order in October of this year.
HYTN formulates, manufactures, markets, and sells premium cannabis goods. With the mission to be the leading provider of consistent, natural, and delicious cannabis products, HYTN focuses its efforts on identifying category opportunities and takes an innovative approach to delivering elevated cannabis experiences to a discerning customer base.
HYTN Innovations Inc. (HYTN) opened trading at C$0.10 per share.