Emblem Corp. and GreenSpace Brands announced a strategic partnership to develop and commercialize cannabidiol ("CBD") infused health and beauty products for the expected adult-use cannabis market. This partnership unites a highly-regarded consumer packaged goods ("CPG") company with one of Canada's most trusted licensed producers of medical cannabis.

The partnership will leverage GreenSpace's expertise in consumer brand development and distribution to launch products infused with Emblem's CBD extracts across a number of verticals including beauty, health and wellness, supplements, food and beverage. Each approved product will indicate it is "Powered by Emblem" to signify Emblem's involvement. Expansion into edibles and consumables using cannabis CBD extracts will move forward when these additional products are permitted under applicable regulations, expected in 2019.

Any CBD products will be produced and marketed in accordance with applicable Canadian laws and regulations. Under the terms of the agreement, GreenSpace will commit to a five-year exclusive CBD supply agreement with Emblem.