Ascent Industries (CSE:ASNT) has signed a deal with the Ontario Cannabis Store (OCS) to supply their online store until the province implements an approved framework for private retailers, according to an article by Proactive Investors. After the framework is released, Ascent will also supply the OCS’s private store locations. The agreement supplements the company’s supply agreement with the British Columbia Liquor Distribution Branch and the company is in discussions with other provincial liquor boards and emerging private retailers.
“As legalization approaches in Canada, Ascent is pleased to have been chosen as a supplier to the provincial distribution bodies in two of Canada’s largest markets,” said Ascent CEO Philip Campbell. “We look forward to introducing consumers to our adult-use products and continuing to expand our relationships with these two important purchasers.”
Ascent is a licensed producer under the Access to Cannabis for Medical Purpose Regulations (ACMPR) of Health Canada. The company also provided updates on their various campuses. Agrima Botanicals campus is now harvesting cannabis weekly and has requested a sales license. Ascent will also complete phase one of construction at Agrima Labs by the end of quarter four 2018 and expects retrofitting to be completed at their Agrima Meadows location by the end of October.
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American cannabis sales hit US$17.5 billion in 2020, a research group’s new study shows.
Meanwhile, a Canadian cannabis producer began offering CBD beverages in the US, another move that shows how interested Canadians are in the overall US cannabis market at the moment.
Some pretty important news out of health and wellness; beverage and natural products company BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) this week. For those of you following the Company with us, stay tuned.
As investors continue to prioritize cannabis opportunities in the US, market watchers expect mergers and acquisitions (M&A) to play a role in the future for Canadian companies.
A consolidation trend has been expected in the Canadian cannabis space for some time now based on the size of the market compared to the number of operations in the country.
BioHarvest Sciences Inc. Unveils the Unique Polyphenolic Content of Its Upcoming Olive-Based Nutraceutical
The product will include polyphenols known to have significant health benefits.
BioHarvest Sciences Inc. (CSE: BHSC) (“BioHarvest” or the “Company”) has reached an important milestone in its development program of additional Nutraceuticals. The olive-based Nutraceutical product scheduled for market availability in the second half of 2022 will contain the following unique matrix of polyphenols: hydroxytyrosol, trosol, and verbascoside. These compounds are the major polyphenols in naturally grown olives and are responsible for the high antioxidant activity of olives and olive oil. Importantly, the BioHarvest olive-based Nutraceutical product will provide all the benefits of olives and olive oil with a low calorie count per serving.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.
The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).