VANCOUVER: BevCanna Enterprises Inc. announced that it has entered into a non-binding letter of intent (LOI) with full-service live genetic and seed preservation cannabis company Phenome One Corp. and private label nutrient company Norstar Nutrients Ltd.

Phenome One has one of Canada’s largest live genetic cannabis libraries, with over 350 cultivars that have been lab-tested and rigorously field-tested over 29 years. Under the proposed agreement, BevCanna will gain access to Phenome’s library with a unique access to growing, breeding and cloning IP. adding to BevCanna’s own significant library of cannabis genetics.

Under the LOI, the parties intend to enter into the Definitive Agreement within 45 days of the LOI.

Phenome One will also identify, breed, enhance and preserve this existing library of cultivars, consisting of genotype and phenotype selection from Bevcanna’s current inventory of seeds, cultivars and/or genetic material. Breeding programs will be focused on genetic development of existing cultivars for geographic and environmental conditions at Anarchist Mountain, Osoyoos.

An emphasis will be weighed from results of production yields and laboratory analysis that demonstrate high CBD, THC and specific medicinal cannabinoid and terpenes.

The Definitive Agreement will also provide Bevcanna with access to Norstar’s proprietary formulae, Standard Operating Procedures (SOP) and farming data, generated through three years of field testing in the Golden Mile.

The nutrient formulae and regimes are customized to the elite library of rigorously tested production cultivars. SOPs for feed and specific plant nutrient schedules will also be provided for selected cultivars.

“This agreement will provide a unique advantage to BevCanna, in that we’ll gain access to both Phenome One’s extensive genetic cannabis library and Norstar’s proprietary formulas,” said John Campbell, Chief Strategy Officer at BevCanna.

“We’re also excited to leverage their significant expertise in optimizing our existing cultivars, increasing our overall cannabis yield projections.”