VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) (“VIVO” or the “Company“) and its subsidiaries have entered into both a product supply agreement and a clinic services agreement with Medical Cannabis by Shoppers™.
Under the terms of the supply agreement, the Company’s licensed producers will offer a broad portfolio of Canna Farms™ and Beacon Medical™ branded medical cannabis products through the Medical Cannabis by Shoppers™ online sales platform, including its latest 2.0 offerings such as chocolates and extracts. VIVO-branded products will be accessible to Medical Cannabis by Shoppers™ patients across Canada.
“We have a six-year track record of cultivating and producing high-quality, medical-grade cannabis and are thrilled to partner with Shoppers Drug Mart Inc.” said Barry Fishman, CEO of VIVO. “VIVO is extremely committed to the medical cannabis market. We are pleased to be able to leverage the insights learned from over 100,000 patient visits to our Harvest Medicine clinics and telemedicine platform. As we continue to invest in product development to expand our medical cannabis product line and satisfy unmet patient needs, we are excited by the prospect of introducing our novel future offerings to Medical Cannabis by Shoppers™ patients.”
Under the terms of the clinic services agreement, the Company’s subsidiary, Harvest Medicine, will provide cannabis education services to patients who are appropriate candidates for cannabinoid-based products available from Medical Cannabis by Shoppers™ and provide consulting services to its Cannabis Care team.
“As a leading clinic network dedicated to advancing medical cannabis patient outcomes through quality education, the team of health care practitioners at Harvest Medicine look forward to developing a collaborative interdisciplinary approach to medical cannabis care with Medical Cannabis by Shoppers™,” commented Carole Chan, President of Harvest Medicine.
About VIVO Cannabis™
VIVO Cannabis™ is recognized for trusted, premium cannabis products and services. It holds production and sales licences from Health Canada and operates world-class indoor and seasonal airhouse cultivation facilities with proprietary plant-growing technology in Hope, British Columbia and Napanee, Ontario. VIVO has a collection of premium brands, each targeting different customer segments, including Canna Farms™, Beacon Medical™, Fireside™, Fireside-X™, Lumina™ and Canadian Bud Collection™. The Company is expanding its production capabilities and distribution network. Harvest Medicine, VIVO’s patient-centric, scalable network of medical cannabis clinics, has serviced over 100,000 patient visits. VIVO is pursuing several partnership and product development opportunities and is focusing its international efforts on Germany and Australia. The Company has a healthy balance sheet and is well-positioned to accelerate its path to profitability. For more information visit: www.vivocannabis.com
Medical Cannabis by Shoppers™
First launched in Ontario in January 2019, Medical Cannabis by Shoppers Inc. is a subsidiary of Shoppers Drug Mart. It provides patient access to numerous medical cannabis products from over 20 licensed cannabis brands. A medical document (similar to a prescription) can be obtained from a Medical Cannabis by Shoppers healthcare partner via video call, then medication can be ordered online or via phone, and is shipped directly and discreetly to their doorstep. The Shoppers Cannabis Care team – a dedicated call center staffed by cannabis-trained advisors and pharmacists – provides counselling and support for patients.