Emblem (TSXV:EMC, OTC:EMMBF) CEO Nick Dean was featured in a video interview with Midas Letter Live. In the interview, Dean was asked to outline the company’s recent partnership with GreenSpace Brands, a consumer packaged goods company focused on organic health and wellness products. Emblem will be launching a line of CBD-based health and wellness products under GreenSpace Brands brand.
“So what we’re planning on doing, actually, is creating a net new line of products and a net new line of brands,” said Dean. “So we’re going to be doing a line of hemp seed gel caps that we’ll be selling through Matt’s existing retail channels, such as some of the major retailers, grocery stores, natural health food stores, and pharmacy. And with that same brand, we’re also going to create a line of CBD-infused, hemp-based gel caps and cannabis CBD-based gel caps. Now, that’s just the first product that we’re going to launch together; we’re also going to get into lotions, and then ultimately into edibles and beverages.”
Dean also discussed Emblem’s acquisition of Natura Naturals, a medical cannabis producer. As part of the acquisition, Emblem is in the process of completing a two phase build out of Natura Naturals facilities, which should produce approximately 15,000 kilograms a year and should be operational by the end of 2018. Finally, Dean touched on Ontario Premier Doug Ford’s statements regarding privatizing cannabis sales and what this means for cannabis companies moving forward.
“It hasn’t as of yet. So we are still, and I believe a number of LPs, are still in active dialogue with the OCS, and we’re committed to partnering with them, whether it’s a public model, a public/private model, a private model,” said Dean. “I think the goal here is to make sure that we’re getting high-quality cannabis products in the hands of Ontarians, and starting to push away the opportunities for the black market, to bring that more online, to make people have safe and accessible access to products. So we’re happy to work with the OCS in whatever format.”
To watch the full video, click here.
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).