Sundial Growers (NASDAQ: SNDL) has entered the edibles market. The company this morning announced that it has entered into a sales and distribution agreement with Choklat Inc. The arrangement will see the two firms jointly launch a new “cannabis-infused confectionary brand.”
The new brand, while unnamed as of yet, appears to be focused on those looking for the highest dosage legally allowed in a single serving. The planned offering of infused sugar, chocolate bars, and drinking chocolate are all said to contain 10 mg of THC. The first products are to be released in stores within Alberta in time for the oncoming holiday season.
The arrangement between the two parties will see Choklat produce and package the edible products, while Sundial is responsible for sales and distribution of the products. Further details in terms of financial terms and the actual brand name of the new line of products were not provided.
Sundial Growers last traded at $0.25 on the Nasdaq.
Information for this briefing was found via Sedar and Sundial Growers. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
