High Tide Inc. (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA)’s subsidiary NuLeaf Naturals has launched its multicannabinoid oil in the Ontario market.
On Tuesday, the Colorado-based subsidiary announced it released its full-spectrum hemp oil containing delta-9 tetrahydrocannabinol, cannabichromene, cannabidiol, cannabigerol and cannabinol. The announcement comes after NuLeaf received approval from the Ontario Cannabis Store to list these additional products in the fall.
The oil will be available in 1800 millilitre containers at a concentration of 12 milligrams for each of the listed five cannabinoids, while the plant-based soft gels will be available in packages of 120, each soft gel containing 3 milligrams of each of the five listed cannabinoids.
High Tide said the product formulation sets NuLeaf apart from its competitors and helps the company continue to chip away at the illicit market share of CBD sales in Ontario and other Canadian provinces as these product launches continue.
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“I am thrilled to finally share that the highly anticipated NuLeaf Naturals Multicannabinoid products are now available for all licensed cannabis retailers to stock in Ontario, Canada’s largest province, and should be available to consumers in the coming days at our Canna Cabana store network and through other licensed cannabis retailers,” High Tide CEO Raj Grover said.
Grover said that Canadian CBD customers have been reaching out to High Tide’s team in the U.S. asking for the availability of the products in Canada.
“Well, that wait is now over. While we are starting in Ontario, we look forward to launching these trail-blazing multicannabinoid product lines in other Canadian provinces in the near future,” Grover added.
I am pleased to announce that as of today NuLeaf has become High Tide’s first U.S.-based CBD subsidiary to have its products available for order in Canada through the OCS,”
