Canadian cannabis company mutually terminates agreement with Dan Bilzerian’s struggling venture

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CannMart, a subsidiary of Canadian cannabis company Namaste Technologies Inc., and Dan Bilzerian's IGNITE have broken up. TheGrowthOp

Winter is coming, and Canadians will soon have to find a new source for items such as CBD toothpicks.

Although CannMart will continue to sell off its remaining inventory from IGNITE through its own medical channels as well as provincial control boards until December 29, the company “will no longer act as a distributor for IGNITE in Canada,” according to a press release. “It has been a pleasure working with Cannmart to launch IGNITE THC products into Canada,” IGNITE President John Schaefer said in a statement. “The IGNITE team has done a fantastic job delivering superior products to consumers across the country which, has created demand beyond initial expectations. We remain committed to delivering premium cannabis products to our valued consumers, retail and provincial distribution partners as we continue to grow and scale at a fast pace.

 

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