VANCOUVER, Oct. 22, 2019 /CNW/ - PRESS RELEASE - Tantalus Labs Ltd., a B.C.-based cannabis producer, has announced that it has entered into a definitive agreement associated with contract growing with Zenabis Global Inc. Under the terms of this agreement, Zenabis intends to receive genetic material from Tantalus Labs in the form of Quality Assured cuttings for use as production plants. The plants will be cultivated to harvest, then harvested material returned to Tantalus for finishing under their unique cold cure process.
The agreement encompasses thousands of kilograms over an initial two year term, and will substantially augment Tantalus' ability to satisfy the demand for their sungrown BC products across Canada. This new supply allows Tantalus to expand distribution rapidly across Canada, and enter additional provinces to service the pent up demand of new customers.
Tantalus Labs intends to have select strains from their product lineup produced at the 48-acre Zenabis Langley (formerly BEVO Agro) facility, located in the Fraser Valley of British Columbia. Cultivation is to be carried out by the respected British Columbian agricultural leader, and methods will stay true to the Tantalus sungrown mission, benefitting from a low cost of production due to economies of scale and increased energy savings.
"Tantalus has been refining our genetics for production by greenhouse contract growing partners for over two years. We aspire to collaborate with cultivators who can enhance our quality promise and reputation with a discerning user base. Zenabis and Zenabis Langley have the team, infrastructure and regionality to be able to deliver quality sungrown cannabis to the high standard that our SunLab facility has set with our customers," says Dan Sutton, CEO of Tantalus Labs.
"I am excited to enter into this cultivation partnership with the team at Tantalus Labs," said Andrew Grieve, chief executive officer of Zenabis. "We are extremely pleased to have been selected as a contract cultivator for an organization that has a strong reputation as a producer of high quality, consistent, sungrown cannabis products."
"I have known Dan Sutton, chief executive officer of Tantalus Labs, for a long time and have always appreciated Dan's commitment to quality," said Leo Benne, chief growing officer of Zenabis. "I look forward to building a strong relationship with Tantalus Labs, an organization whose values and approach are consistent with the values and approach of Zenabis."
