48North Announces an Exclusive Licensing Agreement with Arbor Pacific for its Cannabis Brand, Avitas

Published: March 8, 2019

48North Announces an Exclusive Licensing Agreement with Arbor Pacific for its Cannabis Brand, Avitas

48North Cannabis Corp. has signed an exclusive licensing agreement with U.S.-based Arbor Pacific Inc. to bring its premium brand Avitas to Canadian consumers. Avitas, available in over 500 stores in Washington, Oregon and Colorado is one of the best-selling single strain vaporizer cartridges in the United States and completes 48North’s vaporizer strategy. Avitas develops 100% additive free, single strain, ultra-refined and purified, vaporizer cartridges. Single strain vaporizer cartridges represent the fastest-growing, next-generation cannabis product category in the United States, 48North looks forward to bringing Avitas’ market-leading vaporizers, technology and brand to Canada.

48North is focused on delivering next-generation cannabis products to Canadian consumers in fall 2019; the agreement with Arbor Pacific, on the heels of its previously announced agreement with Mother & Clone, well positions the Company to deliver on this commitment.

“Without question, partnering with respected, well-established and well-recognized U.S.-brands like Avitas will be critical to 48North’s success in the development of next-generation cannabis products for the adult-use recreational cannabis market,” said Alison Gordon, co-CEO of 48North.

“Pending Health Canada approval, 48North’s 100-acre outdoor cannabis farm (“The Good Farm”) in Brant County, Ont., will be critical to 48North’s vape strategy. The Good Farm is expected to provide 48North with 40,000 kilograms of dried cannabis at a low-cost margin. Low-cost, high-quality cannabis will be critical in the development of next-generation cannabis products like vape cartridges.”

“Great partnerships are built on shared values. 48North’s consistent focus on strong corporate values and producing premium cannabis products from sustainably and responsibly grown cannabis make this partnership a natural fit. 48North’s organically sun-grown cannabis from The Good Farm will be the best extraction material available in the market. We are excited to bring our experience in extraction technology and techniques to produce exceptional products for adult-use consumers in Canada and beyond,” said Adam Smith, CEO and Co-Founder of Arbor Pacific Inc.

Under the terms of the licensing agreement signed March 6, 2019, 48North will license Avitas’ intellectual property and manufacturing techniques for domestic consumption in Canada, and for global export from Canada. 48North will be the exclusive Canadian licensed producer of all present and future Avitas products. These products will be produced and marketed in accordance with applicable Canadian laws and regulations for the adult-use recreational cannabis market.

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