The Supreme Cannabis Company Inc (TSXV:FIRE) CEO Nav Dhaliwal was featured in a webinar with New Cannabis Ventures where he talked about the company’s accomplishments to-date, their strategies and their outlook moving forward. Supreme has a B2B business model that focuses on selling branded products under their 7Acres brand and white-label solutions for the medical cannabis market. Dhaliwal stated that the company’s goal moving forward is to focus solely on the adult consumer market.
The company will be targeting “legal aged cannabis enthusiasts” (LACE), men and women who range from 20 to 30 years of age that are focused on the quality of the products that they will be purchasing. Supreme will also be focusing their product offerings predominately on cannabis flower, but expects to enter into the extracts market once its been permitted in Canada. The company also expects to sell some of their trim to a third-party for production into oils, but Dhaliwal expects the company to be able to manufacture its own products in the future.
The company’s domestic products have been doing well and the company has brought on several partners to carry their products for the medical cannabis market in Canada. Dhaliwal also touched on the company’s international plans. The company has invested in Medigrow, a licensed producer in the Kingdom of Lesotho in Africa, who will be producing oils for the export market. He also stated that the company is interested in exporting to Germany as well.
To watch the webinar, 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).