Lifeist said its wholly owned Canadian cannabis business unit, CannMart, has entered into a distribution agreement with Hamilton Devices, a U.S. manufacturer and supplier of vape hardware. With the agreement, CannMart is now Canada’s first distributor of Hamilton Devices’ complete portfolio of innovative consumer facing, extracts focused vape hardware products across Canada through October 2024, with an initial six-month exclusivity.
Hamilton Devices makes vaporizer technologies that deliver extract products such as distillate, live resin, and shatter through 510 thread carts. The company manufactures multi-functional devices that help consumers use concentrate products without having to make large investments into vape hardware or traditional dabbing tools.
CannMart intends to use its master distributor status and sell Hamilton Devices products directly into its expanding retail store network across Canada of over 2,500 stores.
“It’s a privilege to be selected by Hamilton Devices as its exclusive B2B distribution partner for Canada and we can’t wait to leverage our established relationships to bring their innovative vaporizer technologies to Canadian consumers,” said Daniel Stern, CEO of CannMart. “This marks CannMart’s first accessory B2B distribution deal and dovetails nicely with our focus on higher-margin activities given the drop-ship nature of the relationship, meaning no warehousing, inventory and delivery costs. On that basis, CannMart is expanding its direct to store sales and marketing efforts, including for our award-winning, SKU-diverse, in-house concentrates brand Roilty.”