The business of legalized marijuana has proved to be a profitable and financially beneficial venture for both state and business owners. As states continue to pass medical and recreational use laws, the demand for cannabis products will continue to increase the value of an industry that already brings in $2.7 billion annually. A recent partnership between two leading cannabis providers is set to meet the demand of Oregon, the state that recently became the fourth in the nation to legalize recreational marijuana use.
Golden Leaf Holdings Ltd ($GLH:CNX) announced that the company has entered a licensing agreement with Dixie Brands Inc. (DXYN) to manufacture and distribute Dixie Elixirs and Edible products in Oregon.
“Today marks an important milestone for Dixie Brands, as we bring our Dixie Elixirs and Edibles Platform to Oregon,” said Tribb Keber, CEO of Dixie Brands. “The partnership between our organizations, and the complementary nature of our brands will bring great alternatives to Oregon and dispensaries.”
A leading cannabis oil manufacturer built around recognized brands, Golden Leaf is able to provide low cost production of high quality oils and cannabis infused products based on the development of intellectual property. Per the terms of this newly announced agreement, Golden Leaf will begin manufacturing and wholesale distribution of Dixie’s intellectual property of edibles, topicals and tinctures in Oregon.
Dixie Brands, a Colorado-based producer of innovative, safe, effective and delicious cannabis products, has become one of the most recognized names in the cannabis market. Beginning with a THC-infused soda, the company has expanded to over 30 products across 100 SKU’s which include various edibles, mints, energy shots and topicals. Since the company’s establishment in 2010, the company has received increased for their products as various states begin to legalize marijuana for medical or recreational purposes.
“Within a short period of time Dixie has demonstrated its commitment to quality and consistency, and established a strong brand in the process,” said Don Robinson, CEO of Golden Leaf. “Here at Golden Leaf we encompass a similar vision, and we strongly believe our collaboration will put us ahead of the competition.”
The increasing social acceptance and continued innovative research presents a bright and stable future for the cannabis market. The Golden Leaf and Dixie Brands partnership, with plans to collaborate on future opportunities in other jurisdictions, is aimed to be one of the strongest collaborations yet within the fast-growing cannabis industry.
For more information about Golden Leaf Holdings, visit www.goldenleafholdings.com.
For more information about Dixie Brands, visit www.dixiebrands.com.
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