LYF Food Technologies is a consumer products company fully focused on developing edible cannabis products that are enjoyable both as a snack and as an infused product. The company is leveraging 25 years of experience in largescale food manufacturing to deliver high-quality edible cannabis products that differentiate themselves with great taste. The legalization of cannabis concentrates, edibles, and infused beverages is expected to create a significant new market segment within the Canadian cannabis market, with Deloitte Canada projecting infused cannabis products to be worth an estimated $2.7 billion annually.
LYF Food Technologies intends to use its food industry experience to develop a line of edible cannabis products that deliver a taste and quality that are equal with their non-cannabis infused competitors. LYF Food Technologies’ wholly-owned production facility in Kelowna, British Columbia is capable of producing high-quality infused edibles with low costs and high margins. According to the company, its production facility is capable of returning a profit margin of 92 percent compared to a 76 percent margin on dried cannabis.
LYF Food Technologies’ company highlights include the following:
- 100 percent focused on edible cannabis products
- Evidence package submission to Health Canada scheduled for December 2019
- Health Canada license approval expected in the first quarter of 2020
- Management team has in-depth food industry development experience
- High-profit margins of as much as 92 percent per value-added product
- Purpose-built manufacturing facility with capacity to produce $250,000,000 worth of edible cannabis products yearly
- Opportunities for white labeling partnerships
- Participating in the Lift & Co trade shows in both Vancouver and Toronto 2020
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).