TPCO Holding Corp. (“The Parent Company” or the “Company”) (NEO: GRAM.U) (OTCQX: GRAMF), a leading consumer-focused California cannabis company, today announced that it has entered into an exclusive brand licensing and cultivation and production agreement (the “Licensing Agreement”) with Curio Wellness (“Curio”), to bring the Company’s brands and top-quality products to the State of Maryland, with anticipated market launch in late 2022.
Initial brands to be introduced under the terms of the Licensing Agreement include Monogram, Caliva, Mirayo by Santana, Deli and other TPCO owned brands, in a variety of product form factors including jarred fresh flower, prerolls, premium vapes, and infused gummies and chocolates. Some of the products will feature signature strains of cannabis cultivated by Curio in collaboration with The Parent Company. The Parent Company brands are expected to initially be available at Curio’s Far & Dotter dispensaries, with broad wholesale distribution to dispensaries across the State to follow.
“We are thrilled to complete our first out of state expansion and excited to introduce Maryland to our high-quality branded products,” said Troy Datcher, Chief Executive Officer, and Chairman of The Parent Company. “Curio’s premier indoor-grown cannabis, cGMP certification, and proven execution make them a great partner to provide Maryland’spatients with access to our well-known California brands.”
Mr. Datcher added, “This is an important first step as we build our presence outside of California and I look forward to continuing to partner with operators that share our values, passion for crafting the highest quality products and building brands that resonate with their consumers.”
Michael Bronfein, CEO of Curio Wellness said, “We are focused on providing Maryland’s patients with some of the highest quality, most innovative products that promote a better quality of life. I’m thrilled to welcome The Parent Company’s brands to the Curio family and look forward to working with their team to introduce new bespoke offerings for this important market.”
Under the terms of the Licensing Agreement Curio will exclusively manufacture, distribute, market and sell the Company’s branded products in the state of Maryland according to the highest product specifications and quality standards as established by The Parent Company. The Licensing Agreement has an initial term of four years with further renewal terms and anticipates a potential expanded partnership into additional states.
