Sproutly Canada signs LOI with Caribbean Cannabis Producer

The companies want to establish a joint venture for selling cannabis infused beverages, edibles and topical products.

Canada

Sproutly Canada has announced it has entered into a letter of intent with the Caribbean’s largest medical cannabis producer, Global Canna Labs Limited.

The companies want to establish a joint venture for developing, producing, distributing, marketing and selling cannabis infused beverages, edibles and topical products.

“Partnering with Global Canna Labs on this joint venture allows Sproutly to expand its business outside of Canada with a leading, low cost cannabis cultivator in Jamaica that has proven distribution across the Caribbean and expanding into the European Union,” said Keith Dolo, President and Chief Executive Officer.

The signing of the definitive agreement and establishment of the joint venture is expected to occur in January 2019.

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