SEATTLE--(BUSINESS WIRE)--Empower Clinics Inc. (CSE: EPW), a leading owner and operator of medical cannabis clinics in the US, today announced that it has signed a distribution agreement with Nova Paths, an innovator in cannabis product development and distribution, to manufacture and sell medical cannabis products to Oregon dispensaries. As part of the agreement, Nova Paths, a licensed wholesaler, will produce and sell medical cannabis products under the Empower product brand, Sollievo.
Under terms of the agreement, Nova Paths will make monthly royalty payments to Empower based on product sales.
“This agreement is a strategic step forward for Empower as we continue to leverage our doctors’ research on medical cannabis preparations to ultimately deliver high quality products to patients,” said Craig Snyder, Empower CEO. “Product sales represent a strong market channel for us and we are excited by the opportunity to offer best-in-class products to Oregon’s cannabis consumers. We expect Oregon to be a model for distribution agreements in other medical cannabis markets and the hemp-CBD market as well.”
Today Empower also announced the appointment of Northbay Capital Partners Corp. as strategic financial and M&A advisor to the company. Northbay Capital is a leading Canadian merchant bank with extensive experience in the North American cannabis industry and has been engaged by Empower to help identify, evaluate and structure strategic transactions with an aim to maximize shareholder value.
As part of a planned progression for the company, Empower today also announced the promotion of Carly Krivanek to the position of Chief Financial Officer, effective immediately. Krivanek replaces former CFO Alan Rootenberg, who guided the company’s finances from its early start-up days to now being a publicly traded entity.
Empower is a leading owner and operator of medical cannabis clinics and developer of medical products in the US, focused on enabling individuals to improve and protect their health. The company provides treatment solutions through its physician-staffed clinics that are focused on education, data, and efficacy. Empower is a recognized leader and the first choice for patients seeking quality experience and improved health.
For further information about Empower please see the Company’s website at empowerclinics.com or contact the following:
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