Province Announces Agreement with Oceanic Releaf

The Provincial Government has entered into a production and supply agreement with Newfoundland and Labrador’s Oceanic Releaf Inc. and its strategic partner, Delta 9 Cannabis Inc.

By 2024, this production and supply agreement will contribute an estimated $24.6 million annually to provincial GDP, resulting in 76 jobs through direct, indirect and induced employment, while providing nearly $3.2 million in wages and salaries.

Oceanic Releaf will establish a 60,000 square foot cannabis production facility in Burin, at the site of a former fish plant in the community. The facility will be retrofitted to produce at least 4,000 kilograms (or equivalent) of cannabis annually when in full production.

The two-phase construction process will cost approximately $8.4 million, and will be completed by the summer of 2023. Oceanic Releaf has committed to maintaining a minimum of 23 person years of employment annually for 20 years.