Indiva Limited (OTCQX:NDVAF) (TSXV:NDVA) has entered into a licensing and manufacturing agreement with California-based Dime Industries Inc. to bring its vape brand portfolio to Canada. Following on Indiva's success in producing and distributing chocolates and gummies in Canada, the launch of Dime products in Canada will expand Indiva's portfolio to include vape products, incorporating proprietary hardware and cannabis formulations. The initial term of the agreement is for five years, with the agreement automatically renewing for three additional five-year terms.
Dime's headquarters is based in Orange County, California. Founded and led by Mike Marz, Dime is one of the leading producers of cannabis vape products in the United States. Dime's vape portfolio includes ten different flavors, each of disposable and 510 thread carts, as well as multiple flavors of live resin carts. Dime currently manufactures and distributes its products in California, Arizona and Oklahoma, where it is legally permissible to do so under applicable state laws.
