WeedMD Inc. (TSXV:WMD) and Phivida Holdings Inc (CSE:VIDA) were recently featured in an article by the St. Thomas Times-Journal, which discusses the companies recent partnership to create a new liquid product that will be for sale across Canada.
As quoted in the article,
If all goes well the product will be manufactured at WeedMD’s new facility in Strathroy.
“I think it’s important to be in the beverage space,” said Keith Merker, chief financial officer for WeedMD. “As human being we’re used to consuming our intoxicants; we drink wine, we drink beer, we drink spirits. And we like to do it in a social setting.”
Cannabis is still a contentious issue. Studies suggest as many as 68 per cent of Canadians believe it should be legalized, which still leaves 32 per cent of the population at odds with current federal legislature to legalize it later this year.
Many of those same people have no problem with alcohol, Merker said.
“If we can create a product that has similar effects to alcohol . . . but has much less in the way of toxicity, then I think we have a winner,” Merker said.
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).
Canopy Growth to Participate in BofA Securities Virtual Consumer & Retail Technology Conference on March 11, 2021
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) (“Canopy Growth” or “the Corporation”) announced today that EVP & CFO Mike Lee will be participating in a fireside chat at the BofA Securities Virtual Consumer & Retail Technology Conference on Thursday, March 11, 2021 at 9:30am ET .