VANCOUVER: The Yield Growth Corp’s wholly owned subsidiary Jack n Jane Essentials Inc. signed a definitive agreement with Argentia Gold Corporation for the manufacture and distribution of Jack n Jane branded cannabis products in Canada.

The agreement includes 35 products to be launched over a 2-year term, including similar products that have been previously launched by Yield Growth subsidiary and cannabis wellness brand Wright & Well, in Oregon, U.S. Yield Growth has developed the cannabis brand Jack n Jane especially for the Canadian market, with dozens of cannabis 2.0 products planned using proprietary formulas from Yield Growth’s extensive catalogue.

The agreement states the parties will work towards an initial summer 2020 launch with THC-infused topical balm, gel, massage oil and THC and CBD tinctures, as seen in the Wright & Well collection. THC pre-rolls, live resin and gummies are planned for launch in late 2020 and THC-infused mints and chocolates, as well as CBD skin care products are planned to launch in 2021. Cannabis-infused beverages, teas, capsules and intimacy products are planned to follow.

The formulas for the 35 products in the line come from Yield Growth’s extensive formula library. These formulas are all natural, plant-based, and developed with Ayurvedic principles.

The topical products contain Yield Growth’s proprietary hemp root oil, made using Yield Growth’s proprietary and patent-pending extraction technology. Argentia Gold expects to fulfill the licensing requirements to sell cannabis products in 3 provinces next month, with plans underway to obtain sales licenses in 7 more provinces this year.

“We are extremely excited to be embarking on this new initiative. Argentia Gold has the cannabis cultivation and processing licenses to enable us to launch our Jack n Jane products in Canada. The execution of this agreement marks the culmination of years of work by our product development, branding, legal and marketing teams,” says Penny White, Yield Growth co-founder and CEO.

“After launching 20 cannabis and personal care products in the past 16 months, while developing a diverse range of brands, we have gained the expertise to launch a range of cannabis 2.0 products into the Canadian market over the next 2 years.”

“Our partnership with Yield Growth delivers a line of products that greatly expands our offerings and further positions Argentia Gold as a leader in this newly emerging market of beverages, edibles and topicals,” says Dave Thomson, Argentia Gold Sales Manager. “Argentia Gold’s expertise in the cannabis and consumer packaged goods sectors will allow Yield Growth to successfully enter the infused market and paves the way for the two companies to potentially become major players in cannabis 2.0 in Canada.”

Under the agreement, Jack n Jane will provide non-cannabis raw materials, bulk product, product formulation information, product development, marketing, packaging and labels, and sales support. Argentia’s obligations are to provide cannabis ingredients, manufacturing services, ensure regulatory compliance, and distribute the products throughout Canada.

The term of the agreement is 2 years, and the parties agree to equally split the profits after costs recoupment. Yield Growth retains all intellectual property in its Jack n Jane brand and formulations. This is not a related party transaction and no finders fees are payable for this agreement.

Yield Growth already has the required child-resistant packaging and bulk product ready for cannabis infusion for the initial product launch. Products must be registered and approved by Health Canada before manufacturing begins, and then the products need to be registered in each province for online sales and sales through dispensary retail stores throughout Canada prior to sale.

According to estimates by Deloitte, Canadian cannabis topicals and edibles (Cannabis 2.0) could be worth CAD $2.7 billion annually. The global legal marijuana market size is expected to reach USD $73.6 billion by 2027, according to a new report published by Grand View Research, Inc.