Connect with us

BUSINESS

CannTrust Holdings Inc (OTCMKTS:CNTTF)’s Danish Joint Venture Receives Approval For Distributing Its Products In Denmark

Published

on

CannTrust Holdings Inc (OTCMKTS:CNTTF) recently announced that its joint venture partner from Denmark, STENOCARE has received approval for distributing the products of CannTrust in the Danish country. CannTrust is a leading licensed producer of marijuana from Canada known for producing standardized, high-quality cannabis oils. These are the first approved oils for the admitted cannabis products list and are the only currently available ready-to-use products.

Now that STENOCARE has received an approval, it can use this opportunity to set up an industry standard for patients and practitioners. The rules for medical marijuana in Denmark are quite stringent. The country allows only a high degree of quality and purity in medical cannabis products. Since CannTrust is known for its high production parameters, its joint venture with STENOCARE readily received approval for distribution of cannabis-based products.

STENOCARE to initially sell standardized cannabis oils of CannTrust

Denmark legalized medical cannabis on January 1 this year after the country’s parliament passed it with a unanimous vote. In March 2018, CannTrust and STENOCARE formed their joint venture. Incidentally, STENOCARE is the first company of Denmark working after the legalization of medical cannabis was introduced in the country. It has supply agreements with two leading pharmaceutical distributors of the country and together they provide service to around 99% pharmacies in Denmark.

Initially, STENOCARE will sell the standardized cannabis oils of CannTrust and slowly work towards constructing a domestic growing facility. This facility will start in the fall and will receive technical expertise from the Canadian company.

CannTrust recreational cannabis supply to exceed 17,000 kilograms in Western market

 CannTrust recently signed three combined recreational marijuana supply agreements with British Columbia, Manitoba, and Alberta. The leading Canadian licensed producer of cannabis is expected to surpass its initial sales projections and is now projected to exceed annual production of 17,000 kilograms. CannTrust will provide the standardized, high-quality products under its three recreational brands. These brands are SYNR.G, Xscape, and Liiv.

According to the President of CannTrust, Brad Rogers, “These supply agreements surpass our initial expectations and we are energized to work with – and expand – our relationships with all provinces, as we continue to sign agreements across the country. It’s a very exciting time for CannTrust and for Canada.”

The product range includes pre-rolled joint, capsules, oil, and dried flower. All these products will be legally available through cannabis retailers or online for purchase from October 17, 2018, onwards.

BUSINESS

Tinley Beverage Company Inc (OTCMKTS:TNYBF) Ships First Batch Of Third Party Products From Its Long Beach, California Based Facility

Published

on

Tinley Beverage Company Inc (OTCMKTS:TNYBF) shipped its first batch of third-party products manufactured at its Long Beach, California-based facility. Also, a leading cannabis and cannabidiol beverage brand – Good Stuff Beverage Co will move its natural tonics production to Tinley’s facility.

Good Stuff’s classic flavors comprise a new and terpene-infused formula. It will demonstrate the launch of high dose and strain-specific tonic.

Its product line comprises the Original Honey Lemonade, Sativa Energy, and Indica Calm. Consumers can use a resealable bottle cap to take an exact dose and sip easily.

President (West Coast USA) of Tinley, Rick Gillis, said any company usually faces challenges in manufacturing fruit-infused drinks while ensuring shelf stability and quality. Its team of food process and quality experts and specialized production equipment will play a vital role in delivering the required stability and consistency for this fruit-derived brand.

The cannabis community in California has well-accepted the products of Good Stuff. Therefore, they will love to receive enhanced formula-based products from Good Stuff.

Co-founder of Good Stuff, Daniel Grim, said Good Stuff Beverages is an excellent Tinley value proposition. The custom-built equipment and talented team of Tinley will help Good Stuff in its scalability.

Distribution boost through retail in Alberta

Tinley said its product distribution continues to improve through enhanced retail stores in Alberta. It also receives requests from provincial buyers for cannabis products.

According to a communiqué from local agents, the company received commitments or listings for its ready-to-drink cocktails and Beckett’s non-alcoholic spirits at 30 retailers across Alberta. The company is excited to receive reorders within one week of the initial listings.

Raises $850,000

Tinley raised a capital of $850,000 through a non-brokered private placement of 2.125 million units at $0.40.

Manufactures zero-calorie sparkling drinks

Tinley is pleased to announce that its Long Beach facility will manufacture Calexo’s four preservative-free juice beverages and zero-calorie sparkling drinks.

Innovative cannabis blended sparkling waters, which are branded as Watercolors, will be blended with 5mg THC and natural botanicals in a 12oz bottle. It is developed for those looking to replace alcohol.

Continue Reading

BUSINESS

Pao Group Inc. (OTCMKTS:PAOG) Expanding Its Neutraceutical Revenue Streams

Published

on

Pao Group Inc. (OTCMKTS:PAOG) has announced that it expects revenue expansion this year from CBD neutraceuticals. The company published an online and multimedia presentation showing its CBD nutraceutical development expansion plans. Most importantly, the presentation includes its strategy engagements with Puration Inc. (OTCMKTS:PURA), Alkme Holdings Inc. (OTCMKTS:ALKM), and North American Cannabis Holdings Inc. (OTCMKTS:USMJ).

Pao Group acquired RespRx in 2020

Last year, the company completed the acquisition of RespRx, a cannabis medication currently under development for the treatment of Chronic Obstructive Pulmonary Disorder derived through a patented marijuana extraction method. According to WHO, around 65 million globally have moderate to severe COPD, with around three million deaths reported each year. COPD treatment market is estimated to be around $5 billion in the US and $11 billion globally.

Notably, GW Pharmaceuticals has set the base for cannabis treatment and recently was valued at $7.2 billion. The patented extraction method inventor Frederic Ferri said that doctors researching their feedback have given feedback regarding the feedback’s superiority compared to those of GW Pharmaceuticals.

Pao Group recently entered an engagement with Veristat Inc. to assist in advancing its novel CBD extract for COPD treatment towards an IND with the  US FDA. The company recognizes and acknowledges that pharmaceutical development will be a capital intensive and long-term undertaking. As a result, Pao Group is pursuing complementary business initiatives that can generate revenue in the near term and contribute to funding the RespRx development in the long term.

Pao Group expanding nutraceutical development

Besides efforts to develop COPD treatment, the company also announced that it has engaged Puerto Rico Consortium for Clinical Investigation to help it develop novel CBD extract into nutraceutical products for the care of individuals experiencing issues related to COPD. Pao Group management is confident that CBD extraction knowledge base and experience can help pursue the development of more neutraceuticals.

As a result, doing so will expand the company’s overall near-term revenue potential. The company expects revenue this year from neutraceuticals following the recent sales agreement with Puration. The company expects revenue of $50,000 each quarter.

Continue Reading

BUSINESS

Body and Mind Inc (OTCMKTS:BMMJ) Posts A Growth Of 300% YoY In Revenues In Q2 2021

Published

on

Body and Mind Inc (OTCMKTS:BMMJ) reported a stellar growth of 300% YoY to $6.31 million in Q2 2021. Its profits also surged by a whopping 400% to $2.74 million.

Operational highlights

Body and Mind’s subsidiary took full ownership of ShowGrow Long Beach dispensary in California on August 28, 2020, to consolidate revenues. ShowGrow allows purchase online besides offering curbside pickup.

In California, ShowGrow San Diego dispensary offers curbside pickup service besides delivery service and online ordering options.

The sale of Body and Mind branded products is commenced through all dispensaries across Nevada and Las Vegas. Following the receipt of approval for expanding the cultivation canopy, the company completed the cultivation space expansion. The company expects to improve the output by 20% from its new flowering rooms.

The company is pleased to receive a license from Nevada State. It will introduce a female-focused brand in alliance with its brand partner – Her Highness, in the market of Las Vegas.

Body and Mind’s ancillary took over the Clubhouse dispensary’s full stake in Ohio to consolidate revenues with effect from September 4, 2020. It renamed the dispensary as Body and Mind in September 2020. The company expects to complete the construction of the NMG manufacturing facility in Ohio in April 2021.

Body and Mind received the best dispensary award in Arkansas. The company commenced online ordering and delivery services in Arkansas.

CEO of Body and Mind, Michael Mills, said the company reported robust results and maintains a healthy balance sheet in Q2 2021. Michael further said the customers well accept its curbside pickup and delivery services for cannabis products.

Expects to improve revenues in 2021

Body and Mind’s team is working with state and local inspectors to receive final permits for its cultivation facility in Arkansas. It is also finalizing the construction of a manufacturing facility in Ohio. Both of these facilities expect to improve the revenues of Body and Mind in 2021.

Comprehensive Care Group, LLC and Body and Mind began cultivation operations at West Memphis on April 6, 2021, close to the Tennessee border.

Arkansas holds a total of 32 dispensaries. It expects to operate additional six dispensaries soon.

Continue Reading

Trending Stories