New Leaf Ventures Inc. announced it has entered into an exclusive Washington State commercial packaging, licensing and distribution agreement with Long Play Inc. The agreement which was previously introduced in a news release on June 29, was executed and came into effect August 31, 2021. The licensing encompasses exclusive rights to source, manufacture, distribute, and market Willie's Reserve and Harvest products in Washington State. In concordance with standard commercial agreements regarding the use of trademarks, packaging, permits and intellectual property, NLE will be responsible for acquiring all cannabis source materials, including dried flower and other products containing cannabis, and upon receipt of a purchase order, will source the necessary Cannabis Materials and undertake production and distribution of the Licensed Products within Washington State. Full details of the agreement are subject to commercial protection and are withheld for proprietary reasons. Co-founded by renowned singer-songwriter and cannabis pioneer Willie Nelson in 2015, the iconic Willies Reserve brand has become widely recognized for its commitment to the celebration of what is possible when enthusiasts and experts join forces to collaborate. WILLIE'S RESERVETM embraces the natural diversity of the plant, the range of cultivation methods, and the spectrum of effects cannabis creates.