Canntrust Finalizes Letter of Intent With SQDC to Secure National Distribution

Published: May 14, 2019

CannTrust Holdings Inc., announced it has finalized a Letter of Intent (“LOI”) with Société québécoise du cannabis (“SQDC”) to provide Quebec with high quality cannabis for the recreational market.

“This LOI signifies the first step towards a long and impactful relationship with the SQDC and consumers in Quebec. This is an important milestone as we have secured national distribution across all ten provinces for our adult-use products,” said Peter Aceto, Chief Executive Officer, CannTrust. “This will allow us to develop our brand presence in Quebec at a time when consumers are beginning to develop their preferences.”

The LOI will serve as an introduction of CannTrust’s recreational brands to the Quebec market beginning with two of the Company’s most established strains that will be available through SQDC later this year.

“Like our partners at SQDC, CannTrust encourages safe and responsible consumption of cannabis by both medical patients and legal age recreational consumers,” said Mr. Aceto. “To this end we support laws that make the underage sales and purchase of cannabis illegal.”