Osoyoos Cannabis is a company poised to process raw cannabis and produce cannabis extracts for Canada’s medicinal and adult-use markets. The company will generate revenue through third-party contract and toll processing, wholesaling of oils and distillates, white-label solutions and through selling Osoyoos Cannabis-branded products.
Flower One Holdings Inc. (CSE:FONE; OTC:FLOOF) recently announced a long-term licensing agreement and brand partnership with CannAmerica Brands Corp. (CSE:CANA,OTCQB:CNNXF) for cannabis product fulfillment in Nevada. Under the agreement, CannAmerica Brands, which is known for its line of top-tier cannabis gummies and edibles, will license Flower One to manufacture, distribute and sell their cannabis Fruit Juice Gummies and Super Soft Gummies in multiple flavors to retailers in Nevada.
“Flower One is thrilled to welcome a true leader in edibles, CannAmerica Brands, to our suite of Brand Partners,” said Ken Villazor, President and CEO of Flower One, in the company’s press release. “We are committed to providing Nevada retailers with reliable access to cannabis across the product spectrum and throughout the value chain. This news marks our official launch into the edibles market, showcasing Flower One’s early capabilities to bring a diversity of products to Nevada at a scale that retailers can rely on.”
Cannex is working towards becoming a leading vertically-integrated, multi-state cannabis company specializing in boutique cultivation, extraction and manufacturing, as well as brand development, distribution and retail.
While he may not have advocated for the legalization of cannabis during his presidency, former president of Mexico, Vicente Fox, has become a proponent for a regulated market in the Latin American country. Fox, who now sits on the board of medical cannabis company Khiron Life Sciences (TSXV:KHRN), is using his post-presidential platform to educate audiences on how legalization could bolster Mexico’s economy and tackle the cannabis black market.
In a recent interview published by Forbes, Fox spoke about Mexico’s potential, referring to its growing medical industry, where Khiron is preparing to roll out its patient-focused products. He believes that Mexico will be the third country to legalize adult-use cannabis at the federal level, following Uruguay and Canada. He believes that this is a prime time for investors to focus on this emerging market and the companies that are involved in it.
Cannara Biotech is building a vertically-integrated cannabis company focused on cultivating and developing cannabis-infused products at their 625,000-square-foot indoor cultivation facility – one of the largest in Canada and largest to date in Quebec. Once operational, the facility will contain 500,000 square feet of production space, 100,000 square feet of processing space and will have an annual production capacity of 100,000 kilograms of cannabis.
Following the merger of Potash Corp. and Agrium Inc., which will now exist as Nutrien Ltd., the ticker symbol “POT” became available on all Canadian stock exchanges. Due to high demand from approximately 40 companies in Canada’s cannabis industry to appropriate the stock symbol, the exchanges hosted a lottery for any interested companies listed on the TSX, TSXV, CSE and Aequitas NEO Exchange.
On February 1, Weekend Unlimited (CSE:YOLO, FSE:0OS1) was announced as the winner. Weekend Unlimited is working on the west coast to establish a lifestyle brand featuring premium products and led by business and cannabis industry leaders.