GATINEAU, Quebec, March 20, 2018 (GLOBE NEWSWIRE) -- The Hydropothecary Corporation (TSXV:THCX) (“Hydropothecary”) has reached an agreement with Shopify (NYSE:SHOP) (TSX:SHOP), one of the world’s most respected online commerce companies, to build its ecommerce platform for cannabis products. The bilingual website will serve Hydropothecary’s medical customers, provide information for discerning recreational consumers and support engagement with provincial and territorial cannabis retailers.
“Shopify is a great fit for our business, providing an ideal way for customers to learn, browse and buy,” said CEO Sebastien St-Louis. “As we move into new markets, Shopify’s platform allows us to provide informed and engaging online experiences to new consumers, while giving us the flexibility to adapt to regulatory challenges and market variations from province to province.”
Working closely with Hydropothecary’s industry-leading customer-care team, the new platform will improve the shopping experience for medical cannabis patients by streamlining the medical registration and ordering process. Additionally, Shopify’s expertise in providing, secure and flexible ecommerce websites will be invaluable in serving cannabis consumers across Canada.
“We are excited to work with an industry leader like Hydropothecary to deliver another innovative ecommerce solution to the Canadian cannabis market. The Shopify platform will allow Hydropothecary to rapidly capitalize on the emerging opportunities in medical and recreational cannabis in a safe, secure, and reliable way,” said Loren Padelford, VP at Shopify.
About Hydropothecary Corporation
The Hydropothecary Corporation is an authorized licensed producer and distributor of medical cannabis licensed by Health Canada under the Access to Cannabis for Medical Purposes Regulations. Hydropothecary creates award-winning innovative, easy to use and easy to understand products. Hydropothecary is rapidly increasing its production capacity in the lead-up to recreational adult-use cannabis. Expansion plans will result in a total of 1.3 million sq. ft. of production space, producing 108,000 kg of dried cannabis per year, making Hydropothecary one of the largest producers in the country. With industry-leading cash cost per gram of $0.89, Hydropothecary is the lowest cost producer in the country. The first licensed producer in Quebec, Hydropothecary is headquartered in the province.
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