Proactive Investors - Run By Investors For Investors

eSense signs commercial distribution agreement to supply e-Juice

The company has finalised negotiations with California-based company VaporSpec.
E-liquid in use
E-liquids are used for vaporising and are a safer alternative to smoking

esense-Lab Ltd (ASX:ESE) has signed a commercial non-exclusive distribution agreement for the supply of e-Juice products to VaporSpec for distribution in the US and Canada.

The agreement calls for minimum quantities of e-Juice to be supplied in 10-millilitre bottles and will be renewed every three years.

Minimum annual quantities rise from 450,000 bottles in the first year to 5 million bottles in the third year of the agreement, with the numbers subject to a successful evaluation period with the purchase of at least 150,000 bottles during the first six months.

Additional testing programs

eSense CEO Haim Cohen said: “I am extremely pleased to announce to the market the distribution agreement eSense has signed with VaporSpec, a major player in the USA’s west coast vaping market.

“I am excited about this agreement and the various opportunities that the future holds for eSense.

“We are performing additional testing programs with companies in other markets as well, including the development of different products that will allow the company to grow in the food additive, food supplements, e-cigarette and other related markets.”

The agreement culminates a very long successful negotiation and expands the opportunities for use of the company’s terpenes in a variety of different sectors as well as demonstrating the penetration of the global e-liquid.

- Jessica Cummins

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full ESE profile View Profile

esense-Lab Ltd Timeline

Newswire
January 11 2018

Related Articles

A cannabis facility
December 02 2018
The Vancouver-based medicinal cannabis grower’s Queensland facility will be the world's largest greenhouse cannabis operation, covering a 99-acre site
cannabis facility
January 24 2019
The company is breaking into the large and lucrative market in the golden state
A WeedMD greenhouse
January 22 2019
WeedMD produces cannabis and cannabis oil for both the medical and adult-use markets

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use