cannabis industry is projected to double in size to $41.5 billion by 2025, according to New Frontier Data, driven by strong consumer demand, greater spending per consumer and the legalization of cannabis in new states.
Cannabis flower cultivation is fairly straightforward but concentrates, edibles and other products require a significant investment in manufacturing equipment and space.
Surprisingly, even large companies are beginning to co-manufacture products because they aren’t interested in the high capital costs of manufacturing their own products in-house.
A cannabis brand in Colorado may be able to use a co-manufacturing operation in California to create and launch their successful recipes and products in California.
facility built to FDA and CDPH standards focused on edibles, topicals, tinctures, chocolates, hard candies, gummies, pre-rolls, flower, vapes and beverages-along with anything else that cannabis brands can dream up.
The Company’s experienced team includes culinary experts, nutritionists, herbal medicine experts and others that have joined together with the unified goal of making it as easy as possible for brands to turn their ideas into highly successful products.
In addition to helping other brands, The Galley is developing a best-in-class line of products under its Big Fish brands.
The Galley’s CEO, Annie Holman believes that when cannabis opens up for interstate commerce or becomes federally legal, it will be similar to the wine industry.
FinCanna also receives an annual supplemental payment that, when coupled with the royalty, ensures that it receives a minimum of 70% of The Galley’s after-tax net income paid in cash each year.
In addition to The Galley, FinCanna has royalty agreements with Cultivation Technologies Inc., a multi-award-winning extraction and manufacturing enterprise in Palm Desert, California, as well as ezGreen Compliance, a state-of-the-art enterprise compliance and point-of-sale software solution for licensed cannabis dispensaries and cultivators.
Investors looking for exposure to cannabis co-manufacturing, along with diversified exposure to other parts of the cannabis industry, may want to take a closer look at FinCanna Capital Corp.
The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: regulatory and licensing risks; changes in general economic, business and political conditions, including changes in the financial markets; the regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; changes in applicable laws; compliance with extensive government regulation; public opinion and perception of the cannabis industry; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products and services; or, loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of CFN Enterprises Inc.
He sees catalysts that could take it to $100,000.“Diminishing supply juxtaposed with historically low interest rates and the substantial amount of money being pumped into the system is a solid foundation for Bitcoin price appreciation, if the rules of economics apply,” he wrote in a note.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
General Motors Co’s chief executive officer, Mary Barra, received a compensation package worth $23.7 million in 2020, 9.4% more than the previous year, according to the U.S.
Samsung Electronics Co Ltd said on Thursday it expects chip profits to rise in the second quarter as customers seek to secure stock amid a global chip shortage, that will likely hit device production and mobile profits that same quarter.
After a year of ordering in, more Americans have started to go back to restaurants as a $1,400 stimulus payment from the government in March boosted spending, while the rollout of COVID-19 vaccines lifted consumer confidence.
Shortages of semiconductors and other industrial components are threatening to derail the country’s economic recovery, forcing executives and policymakers to re-think supply lines and try to reduce reliance on a handful of Asian and U.S.
term loan due 2023, a $200 million revolver due 2024 and 9.75 billion peso guaranteed term loan due 2026.
AstraZeneca, which has said it will not make a profit from the shot during the pandemic, was reporting financial details of distribution of the vaccine for the first time – including a hit of 3 cents on earnings per share, or a drain of about $40 million on net income.
— Credit Suisse Group AG Chief Executive Officer Thomas Gottstein pledged to restore calm at the Swiss bank after the Archegos Capital Management scandal caused a $5.5 billion hit and further damaged its reputation.Speaking at the virtual annual general meeting on Friday, Gottstein said that the recent developments had “left their mark” on him, and that with the new chairman and board, he would seek “to steer Credit Suisse back into calmer waters.”Gottstein is battling to rescue his short tenure as chief executive officer after Credit Suisse was hit harder than any other competitor by the collapse of Archegos, the family office of U.S.
On the other hand, the deal priced the same or slightly wider than some deals tied to higher-quality trophy towers, he added.Proceeds of the 555 California Street CMBS will fund improvements to the buildings and return about $617 million to the owners, according to a marketing document obtained by Bloomberg.“For a complex that couldn’t be sold last year, a large equity return is arguably the next best thing for the sponsor,” said Christopher Sullivan, chief investment officer at the United Nations Federal Credit Union.
Data shows that more foreign investment money has left India this month than came in during the whole of the first quarter, as a catastrophic spike in deaths leaves the world’s second most populous country in turmoil.