The Good Shroom (TSX-V:MUSH) Co Inc has announced that its wholly-owned subsidiary and licensed cannabis processor (operating as Seul CBD) has been approved for a general listing of its Velada brand cannabis products both online and in-store in Ontario.
In a statement, the company said the accepted cannabis products will be offered from January 2022.
Velada produces cannabis-infused instant coffees and teas in a variety of different flavors such as café olé, matcha latte, golden milk latte, and hot chocolate. Each flavor has two options, one containing CBD only and a second containing CBD and THC at a 2:1 ratio.
READ: Good Shroom gets Health Canada go-ahead to sell THC-infused functional mushroom beverages
In line with the company's core mission to make beverages functional, all products contain a mix of flavorless mushroom adaptogens for additional wellness benefits.
The Velada beverages, which are based on the Teonan formulas and regarded by Teonan customers as great tasting, are all vegan, gluten-free, non-GMO, and sugar-free.
The Good Shroom said the move is the first step in a nationwide campaign to distribute Velada-branded products across the entire country over the next 12 months.
The company, through its subsidiary, added that it will continue to develop its distribution network as well as develop other cannabis products for the Canadian market.
Contact the author: patrick@proactiveinvestors.com
Follow him on Twitter @PatrickMGraham