The Ontario Cannabis Store has reportedly joined forces with 26 licensed producers to launch its online retail platform in Ontario. As per sources, the province is just days away from lifting its cannabis laws and OCS will be its only online cannabis retailer.
Apparently, the store faced a lot of competition to acquire supply agreements with Health Canada authorized producers. The extensive list of products the store intends to sell post the legalization includes dried cannabis flowers, cannabis seeds and oils.
Officials stated that retailers will have to abide by a series of rules that restricts the sale of cannabis to individuals under 19 and additionally, poses a zero-tolerance policy and escalating fines against retailers who operate in the underground. In case of violation, licenses will be canceled, the officials added.
Emblem Cannabis Corporation, owned by Emblem Corp recently announced that it is one of the leading companies out of the 26 licensed producers. According to Nasdaq, Nick Dean, the CEO of Emblem Corp., claimed that the partnership with OCS will pave the way for Emblem’s products to be commercialized in Ontario, Canada’s most populous province.
Another company enlisted among the 26 producers is The Hydropothecary Corporation. Under the proposed deal, Ontario will be a recipient of the Elixir, the company’s award-winning product line as well as its recently launched cannabis oil Fleur de Lune.
OCS also affirmed it is in talks of a supply agreement with cannabis accessory suppliers in order to expand its product portfolio in the coming years. The retailer confirmed the presence of a verification system that will ensure safe home deliveries within the province and also plans of hosting a wholesale network to distribute cannabis through private stores.
As per reliable sources, by the year 2020, Ontario plans to have 150 brick-and-mortar stores in operation.