All types of novel cannabis ventures were explored during the Lift & Co expo in Toronto. On Sunday (May 27) a panel expanded on the possibilities of the pets medical cannabis market.

Speakers for this panel included Dr. Sarah Silcox, the president and director of the Canadian Association of Veterinary Cannabinoid Medicine, an advocacy group for medical cannabis access for pets.


She explained animals, in theory, should see the same benefits from cannabinoids therapy given that they share a similar endocannabinoid system with humans. Silcox added the limited and slowly moving research indicates this to be true.

“In the emerging market we are likely to see a range of different products from [cannabidiol] CBD only to products that will likely fall more under the prescription or doctor supervised therapies with low levels or moderate levels of THC in there,” she said.

Silcox asked the audience to speak with their veterinarian on a regular basis and inform them of the fact they may be using cannabis products with their pets–that way it may help disseminate the stigma she said the medical community still holds towards the drug.

Fellow panelist True Leaf Medicine (CSE:M) CEO Darcy Bomford said his company holds a supplement lineup of hemp-based health and wellness products for pets in Canada, US and Europe.

After the panel, Bomford told the Investing News Network (INN) the company is working to expand its extraction capabilities to include CBD pet products.

Bamford said in the panel True Leaf is looking to secure the right strains of cultivars of hemp or cannabis with the correct levels of CBD.

“We hope to extract our own CBD, our own terpenes and then re-incorporate them into a standardized therapeutics product,” Bomford said.

Dr. Ian Sandler, a veterinarian behind Grey Wolf the company that inked a letter of intent with Canadian licensed producer CannTrust (TSX:TRST), said if there is a medical benefit for cannabis patients then there is one for pets as well.

He highlighted the therapeutic benefits of using cannabis to treat behavior issues, anxiety, pain, and illnesses like cancer with pets.

The pets cannabis market received a boost of legitimacy thanks to the partnership between Grey Wolf and CannTrust. Another Canadian LP attempting to bring medical relief to pets is Canopy Growth (NYSE:CGC; TSX:WEED) with an entire animal division.

The company indicated it is working on the development of these medicines using cannabis extracts and formulations for cats, dogs and horses.

Paul Trust, CEO of CannTrust said in a statement the company would be launching “standardized cannabis products specifically designed for pets” alongside Grey Wolf in the future.

Investor takeaway

While the opportunities in the pets cannabis market haven’t materialized completely for companies in the public space, CannTrust as part of its announcement of the partnership with Grey Wolf, said Canadian pet owners are spending over C$5 billion annually for their pets as a base to estimate how much potential there is.

Since the start of the year, True Leaf’s share value has declined 58.46 percent to a current price of C$0.49 on the Canadian Securities Exchange (CSE). The day CannTrust formalized the deal with Grey Wolf TRST finished the trading day at a price of C$6.45 per share. Since then the company has increased its share value 36.43 percent as of Monday’s (May 29) closing price.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

World High Life Plc (“World High Life” or the “Company”)(AQSE:LIFE) (OTCQB:WRHLF), is pleased to announce that it has appointed H&P Advisory Limited (“Hannam & Partners”) as financial advisor to the Company with immediate effect

About Love Hemp

Keep reading... Show less

Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ retail stores, today announced that its executive team will participate in the following conference in March 2021:

Needham 2 nd Annual Virtual Cannabis Conference, March 3, 2021: Management will participate in one-on-one meetings.

Keep reading... Show less

In the cannabis space this week, retailer Fire & Flower Holdings (TSX:FAF,OTCQX:FFLWF) told investors it will be entering the US market through a novel strategic action.

Meanwhile, two longstanding cannabis partners ended their relationship.

Keep reading... Show less

Trulieve to donate $20,000 in scholarship funding and $15,000 to support leadership development

Trulieve Cannabis Corp . (CSE: TRUL) (OTC: TCNNF), a leading and top-performing cannabis company in the United States today announced a new partnership with the Thurgood Marshall College Fund (TMCF), the nation’s largest organization exclusively representing the Black College Community. Trulieve will donate $20,000 to help fund several college scholarships awarded to students who are attending one of the organization’s member-schools as part of Trulieve’s diversity, equity, and inclusion initiatives. The $15,000 in talent funding is earmarked to support TMCF’s internship program, reaching a diverse talent pool of students and alumni from their 47 member-schools to provide immersive experiences at Trulieve.

Keep reading... Show less

The new dispensary expands patient access to Florida’s largest inventory of medical cannabis products

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company based in the United States announced today the opening of a brand-new Florida dispensary, the Company’s 80th nationwide. The new location marks the Company’s first in Tamarac and third in Broward County expanding patient access to Florida’s largest and broadest assortment of high-quality medical cannabis products.

Keep reading... Show less