According to Phyto Extractions news, “The current cannabis extract market has seen a huge boom in sales from the past year, in which demands for cannabis extracts are rising steadily.
“We look forward to initiating human-studies and generating valuable consumer-based data to support our product development pipeline and continue delivering high-quality efficacious cannabis products to Canadians,” stated Dr.
From the news: “Phyto Extractions™ has launched three new shatter cannabis products: Pink Kush, Blue Gorilla OG, and D.
Radient Technologies Inc., a cannabis company utilizing a proprietary extraction and downstream processing platform, in December 2020 announced its licensing agreement with Tunaaaaroom to manufacture and distribute a wide range of premium cannabis extracts targeting recreational cannabis consumers in Canada.
Based in Edmonton, Tunaaaa has spent over six years developing the genetics for over 1,000 high-quality cannabis strains containing proprietary terpene profiles.
Radient and Tunaaaa will also work in collaboration on CBD and CBN distillate dabs to create additional unique terpene extract products for recreational cannabis consumers.
The Valens Company Inc., a leading manufacturer of cannabis products, specifically in the Cannabis 2.0 product category recently announced expansion of its distribution in both Manitoba and the Yukon, having entered into an agreement with the Manitoba Liquor & Lotteries Corporation to supply and distribute a wide range of cannabis products to LGCA-licensed private retailers in the Province of Manitoba, as well as its entry into the Yukon market with a cannabis purchase and sale agreement with the Yukon Liquor Corporation .
Under its amended Cannabis Research Licence from Health Canada, Nextleaf is collecting sensory evaluation data from qualified volunteers completing organoleptic assessments of a wide variety of formulated cannabis vape products.
“The amended Cannabis Research Licence allows Nextleaf to rapidly formulate a wide variety of cannabis products and administer samples to volunteer research participants,” said Nextleaf Solutions R&D Lead, Dr.
According to the most recent data from the Ontario Cannabis Store, the vape category ranks second only to dried flower with 15.7% of all Ontario cannabis sales.
“There are a lot of subpar vape products available in the market today that have not gone through rigorous testing and human trials,” said Nextleaf Solutions CEO Paul Pedersen.
Considering the recent cannabis investments by large pharmaceutical and tobacco companies, it is apparent that generating and protecting intellectual property is becoming more important in the next phase of the industry’s maturation.
As we see more extract companies expanding their R&D and distribution capabilities, we see a three-fold gain to the industry.
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