Cannabis company Sugarmade, Inc. (OTC:SGMD) signed a binding letter of intent with GenCann, Inc. a licensor for a set of cannabis chemovars particularly rich in cannabinoid tetrahydrocannabivarin (THC-V).
Under the deal, Sugarmade and its licensed marijuana cultivator partners will obtain a 5-year license to grow among the highest THC-V-containing strains. The two companies will start clone production immediately upon signing the final agreement with a cultivation program beginning in Lake County, California this spring.
