The Flowr Corporation (TSXV:FLWR) CEO Vinay Tolia was recently featured in an interview with James West, from Midas Letter Live. In the interview, Tolia discussed how his company, which was co-founded by MedReleaf co-founder Tom Flow, is focused on producing premium quality cannabis for consumers. Tolia said Flowr is using high-tech cultivation facilities and processes developed by Flow to grow high-quality cannabis profitably and at scale. These systems also let the company grow without the use of irradiation, which can often have an impact on taste and smell.
The Flowr Corporation will have products for both the recreational and the medical markets, all grown in its 85,000-square-foot indoor grow facility in Kelowna. “It’s about 20 percent operational right now; it’ll be fully operational in the next four to five months, and, you know, we’re very excited about that. Once that’s done, we have plans for a larger facility next door that could be potentially five times the size,” said Tolia.
The facility may be the most advanced growing facility in Canada as the Flowr team has continually evolved designs and systems for the many cultivation facilities they have built. Tolia claims that the company’s construction and design team is their core strength, and they brought their experience in design, engineering and cultivation for the development of their facility. As the global market continues to expand, Tolia believes that the company will look into replicating this type of facility across multiple jurisdictions in the world.
To wrap up the interview, Tolia also discussed the company’s commercial and R&D partnerships with Ace Hill Beer and Scotts Miracle-Gro (NYSE:SMG), respectively. The partnership with Scotts makes The Flowr Corporation one of only three cannabis companies to have a relationship with a NYSE-listed company. Tolia also mentioned the company’s interest in hemp-derived CBD and potential partnerships with pharmaceutical and wellness companies in that market.
To watch the full interview, 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).