Not only are more states legalizing cannabis, but we could soon see a federal legalization bill from Senate Majority Leader Chuck Schumer.
adults say marijuana should not be legal for use by adults.” With a good deal of positive catalysts, it may only be a matter of time before we see full legalization all over the country, and perhaps, the world.
“We are extremely pleased to report that even though the Covid-19 pandemic continues to impact numerous business operations and even society itself, our enterprise has not only survived, but we are also thriving and growing.
With the early adoption of workplace anti-viral protocols in-place, we are proud to report that there have been no cases of Covid-19 at our facility despite our proximity to Whistler Village which has been hard hit by the pandemic.
In addition to our branded products, we plan to produce white label products for both our MSO partner and for some of the smaller companies in the area as well as license other established, out-of-state, brands for the Michigan market.
Michigan is a massive green-field market that Pure Extracts can readily launch into, both from establishing our Pure Pulls and Pure Chews brands, and also in an attempt to achieve a dominant position as a leading regional extractor as well as serve as our beachhead for expansion into other cannabis approved states.
Here at home, a hugely important success is underway as we ramp-up production in preparation for delivery of our first orders to the provincial distribution networks.
We believe this will be a differentiating factor for Pure Chews and should help us to obtain additional listings in all major markets in Canada where we expect it will be as successful as it has been for Taste-T, LLC, the US manufacturer of the famous Fireball Cinnamon and Margarita Chill gummie lines in Nevada, Massachusetts, Michigan and Oklahoma.
We are in the final stages of bringing on 2 large Licensed Producers as customers in order to manufacture their cannabis 2.0 products in the vape and tincture sectors.
To service demand, we have initially launched with 2 important products; Reishi and Maitake and are developing an additional Lion’s Mane product for launch later this quarter.
We are not alone in finding it hard to obtain psychedelic biomass as it is highly regulated by Health Canada with many people reporting that there is little or no product available for R&D purposes.
They currently have clinical trial opportunities in two major Canadian universities for the use of psilocybin in palliative care, and through our JV we will have access to Psyence’s team of doctors and researchers in Toronto, South Africa and Jamaica.
In conclusion, although Covid-19 has lengthened our sales cycle somewhat, we are now enjoying renewed interest from producers and brands looking for new opportunities and partnerships.
Canopy Growth Corporation, a world-leading diversified cannabis, CBD and vaporization device company, announced Southern Glazer’s Wine & Spirits, the world’s pre-eminent distributor of beverage alcohol, as the distribution partner for its U.S.
Now, as we finalize our merger with Aphria, the ‘new’ Tilray will leverage our combined strengths in geographic scale, product range, and brand expertise to meet our consumers’ and patients’ needs with attendant benefits for all of our stakeholders over the long term.
Charlotte’s Web Holdings Inc., the market leader in hemp-derived cannabidiol wellness products and a Certified B Corporation, will report its first quarter results on May 11, 2021 before the open of trading on the Toronto Stock Exchange.
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