Exactus has entered into a supply agreement to provide Ceed2Med a minimum of 10,000 lbs of 2019 harvested flower from the Company’s 200 acre farms in Southwest Oregon.
“Ceed2Med is a leader in distribution of high-quality bulk hemp products along the east coast of the United States,” Emiliano Aloi, President and CEO of Exactus said. “We are establishing a solid supply and distribution dynamic that allows them to service their demand with our high-quality product, while we maximize the returns of our bulk flower segment with minimal operational liabilities. By working closely with Ceed2Med, we are accessing a much higher price bracket than we would with bulk flower with our current operations. Our focus can now be on expanding our finished product segment which has a much larger profit opportunity for us.”
“We are a major shareholder and have supported Exactus from the beginning. The quality of hemp flower produced off of the Exactus farms is extremely impressive and we are comfortable putting Ceed2Med’s reputation behind their products. Ceed2Med has an extensive client portfolio and we know that this product meets the highest quality requirements, allowing Exactus to increase the returns for all shareholders, by harnessing a big portion of the upside from our distribution business,” Bobby Yampolsky, CEO and Co-Founder of Ceed2Med and Chairman of the Board of Exactus said.
Pursuant to the terms of the Agreement, Exactus will supply Ceed2Med a minimum of 10,000 lbs of bulk untrimmed dry industrial hemp flower in 150 lb humidity-controlled totes. Ceed2Med, in turn, will complete the conditioning, trimming and packaging of the product as per current wholesale market needs and distribute it to its clients at a higher profitability point, sharing Exactus in the upside of the operation.