Christina Lake Cannabis is having a busy year.
The order is valued at CAD $129,000, and comes from a Canadian licensed producer whose products are distributed in several provinces.
The deal follows on the heels of another deal signed in March this year with TAAT Lifestyle & Wellness for exclusive rights to distribute TAAT’s proprietary Beyond Tobacco in the Canadian market, where the tobacco industry is valued at CAD $19.1bn.
As we have already written at The Armchair Trader, Christina Lake Cannabis cultivates cannabis using strains specifically developed for outdoor cultivation.
Christina Lake Cannabis’s extraction operations, as announced on 7 April, have been increased by 175% thanks to the installation of the Vitalis Cosolvent Injection System , a technology designed to enhance the extraction process for cannabis and hemp by using an ethanol-powered mechanism.
Christina Lake Cannabis has stated that this might include evaluating businesses such as fee-for-service cannabis extraction, providing market access to micro cultivators and the processing of industrial hemp into high-quality cannabinoid oils.
Regular readers of The Armchair Trader will know that we are big fans of what we are calling Cannabis 2.0, the second wave in the development of the cannabis sector in North America, which is set to benefit from wider consumption of CBD products in the wellness and OTC medicine markets.
He initially worked as a financial journalist for a number of leading media brands, including the FT Group, Financial News, Euromoney and Incisive Media, covering most aspects of the asset management industry.