Launches Orchid Essentials Products into robust Nevada market Creates exclusive supplier of PurTec’s Emissions Tested Vaporizer Hardware Leverages 1933 Industries’ state-of-the-art cultivation and leading extraction capabilities Establishes long-term partnership for future pipeline of products
VANCOUVER, BC, Oct. 20, 2020 /PRNewswire/ – 1933 Industries Inc. (the “Company” or “1933 Industries”) (CSE: TGIF) (OTCQX: TGIFF), together with Orchid Ventures Inc. (CSE: ORCD) (OTC: ORVRF) (“Orchid”), are pleased to announce that they have entered into a Supply and Licensing Agreement (“Agreement”) for the manufacturing and distribution of Orchid products into the regulated Nevada cannabis market.
Washington-based Orchid Ventures, Inc., through its wholly owned subsidiary, Orchid Brands, LLC, has entered into an exclusive agreement with 1933 Industries’ subsidiary, Alternative Medicine Association LLC (“AMA”), for the purposes of manufacturing, selling and marketing Orchid Essentials Brand products in Nevada, leveraging AMA’s extraction expertise and well-established sales and distribution channels in the state.
Pursuant to the terms of the three-year Agreement, 1933 Industries will purchase Orchid’s PurTec hardware and packaging component products and proprietary terpene blends required for the production of Orchid Essentials products. AMA will act as the exclusive supplier of the Orchid Essentials Brand Products and future lines, and will also purchase the same hardware components, packaging and terpenes for its own branded products under the same pricing terms. PurTec’s Orchid cartridges are one of the only cartridges for cannabis oil that are emissions tested at AFNOR standards, the strictest guidelines set by the European Union. Orchid’s unique cannabis products and proven intellectual property will complement the Company’s portfolio of trusted brands.
“Bringing the Orchid Essentials brand and PurTec hardware to Nevada as its exclusive carrier is a significant strategic alliance for the Company”, stated Mr. Eugene Ruiz, President of 1933 Industries. “This is a unique opportunity to partner with a company that enables us to expand