June 30, Toronto, Ont. – Dynaleo, an Edmonton, Alta., manufacturer of cannabis-infused gummies, has signed a letter of intent with its first international partner.
Dynaleo, part of Canopy Rivers’ portfolio of cannabis companies, made the announcement a week after it received its Standard Processing Licence from Health Canada.
“We are pleased to have entered into a non-binding letter of intent with Pantry, a premium cannabis-infused food brand. This agreement complements our already existing relationships with cannabis brands in Canada,” says Michael Krestell, executive chairman.
“Pantry’s focus on quality products made with natural ingredients fits perfectly with our own commitment to manufacturing gummies that are of the highest quality.”
Based in Los Angeles, Calif., Pantry was created by a group of award-winning chefs and offers a variety of cannabis-infused food products. This is the brand’s first foray into Canada.
According to the agreement, Dynaleo will manufacture and distribute cannabis-infused vegan gummies under the Pantry brand within the Canadian market.
“Pantry is excited to combine our passion for creating delicious health-conscious cannabis products with Dynaleo’s operational excellence,” says Scott Jennings, CEO and co-founder of Pantry. “Dynaleo’s facility and their state-of-the-art equipment will help us achieve best-in-class efficiencies in the market. More importantly, the Dynaleo team is what really inspired us. We are a people and culture-driven organization and we couldn’t be more impressed with Michael Krestell, Tom Vella and the whole Dynaleo team.”
Production on the Pantry-branded vegan gummies is expected to begin later this year at Dynaleo’s state-of-the-art, 27,000-square-foot facility, the first industrial-scale and purpose-built, high-volume cannabis edible factory in Canada.
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