Only two months into its recreational cannabis market, Canada is experiencing growing pains as there is limited supply to meet significant consumer demand. According to numerous market analysts, however, this is more than likely to change as the industry matures. With demand projections ranging between 600,000 to 900,000 kilograms per year, and a potential supply capacity of up to 3 million kilograms, Canada is facing what could be a significant oversupply problem (and a resulting drop in prices) in its nascent market.
In a recent article, The Motley Fool’s Keith Speights addressed this subject and discussed the tactics that some companies are implementing to meet this concern head on. In particular, he spotlighted The Flowr Corporation (TSXV:FLWR), a cannabis cultivator currently building its 85,000 square foot flagship facility in Kelowna, British Columbia. In order to effectively operate under potentially lower cannabis prices in the future, the company has designed a business model based upon low operating costs and high crop yield. The company uses a “flood-and-drain” system and is working on developing other innovations through its research partnership with a The Scotts Miracle-Gro Company (NYSE:SMG) subsidiary, Hawthorne Gardening Division.
Flowr has also developed a cultivation method that does not require irradiation. This helps enhance the quality of their product, enhancing both taste and smell.
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World High Life Plc (“World High Life” or the “Company”)(AQSE:LIFE) (OTCQB:WRHLF), is pleased to announce that it has appointed H&P Advisory Limited (“Hannam & Partners”) as financial advisor to the Company with immediate effect
About Love Hemp
Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ retail stores, today announced that its executive team will participate in the following conference in March 2021:
Needham 2 nd Annual Virtual Cannabis Conference, March 3, 2021: Management will participate in one-on-one meetings.
Meanwhile, two longstanding cannabis partners ended their relationship.
Trulieve to donate $20,000 in scholarship funding and $15,000 to support leadership development
Trulieve Cannabis Corp . (CSE: TRUL) (OTC: TCNNF), a leading and top-performing cannabis company in the United States today announced a new partnership with the Thurgood Marshall College Fund (TMCF), the nation’s largest organization exclusively representing the Black College Community. Trulieve will donate $20,000 to help fund several college scholarships awarded to students who are attending one of the organization’s member-schools as part of Trulieve’s diversity, equity, and inclusion initiatives. The $15,000 in talent funding is earmarked to support TMCF’s internship program, reaching a diverse talent pool of students and alumni from their 47 member-schools to provide immersive experiences at Trulieve.
The new dispensary expands patient access to Florida’s largest inventory of medical cannabis products
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company based in the United States announced today the opening of a brand-new Florida dispensary, the Company’s 80th nationwide. The new location marks the Company’s first in Tamarac and third in Broward County expanding patient access to Florida’s largest and broadest assortment of high-quality medical cannabis products.