CanadaBis Capital Inc., a holder of a federal licence to cultivate and process under the Cannabis Act, is pleased to announce that on March 6th, 2020, its subsidiary 1998643 AB LTD. (“Stigma Grow”) secured its licence from Health Canada to sell cannabis cultivated at its 66,000 square foot cultivation facility in Red Deer, Alberta.
Securing their sales licence for dry flower represents a huge milestone along the way to achieving their vision as a well-positioned, multi-pillared cannabis company, and will act as the cornerstone for several brands within the CanadaBis’ family of brands as they continue to grow in multiple areas; keenly seeking out new partnerships and opportunities to provide value to their industry and stakeholders.
“We are thrilled to secure approval to begin selling our high-quality cannabis,” said Travis McIntyre, CEO of CanadaBis Capital Inc. “We are now perfectly positioned to grow and sell dry flower that will be among the highest potency available today, which is important when you consider what’s lacking in the current market and what’s needed to ensure the future of legal cannabis remains bright” said President & CEO, Travis McIntyre.
The Company anticipates a shift in consumer behaviour from a focus on dry flower to a focus on concentrates in 2020 and beyond. To prepare for this demand, the Company has spent six months perfecting their systems and constructing a CIDI Lab to house hydrocarbon extraction processing — positioning them to bring difficult-to-produce products to market on a mass scale.
“We’re just getting started! Stigma Grow intends to leverage our own top-quality flower, state-of-the-art technology, and the insight provided by our skilled and experienced staff, to target consumers and partner LPs looking for high-quality, ‘bud-run’ extract product variations”, explains Travis. “Our vision as a company has always been to provide our community with what is in-demand, and all signs point to the need for consistent, high-potency concentrates.”
While the Company awaits the final stages of their revised sales licence to include concentrates – they are actively stockpiling products to meet demands that will likely surpass supply for many years.
About Stigma Grow’s Red Deer Cultivation and Processing Facility
Although the Company sees a shift in focus from flower to concentrates, they have not lost sight of the need to provide high-quality craft cannabis, and recognize the synergistic connection. As with any Premium Product, the best inputs generate the best outputs. The combination of the two sets the stage for our long-term plans as a craft-cannabis cultivator recognized for high-quality in everything we produce. This ongoing commitment to both sides of the cannabis market will allow us to control the quality of our products, and always ensure an optimized offering.
Stigma Grow currently operates 22,000 sq/ft of production space and is in the midst of their Phase 2 expansion which will increase this area to 66,000 sq/ft by mid-2020. Proudly offering craft-quality products with optimal cannabinoid profiles, Stigma Grow was the first Health Canada-licenced producer operating in the Red Deer area.
In addition to representing products that are in high demand, Stigma concentrate products will be some of the first available in the Canadian legal market.
Stigma’s concentrates promise an extremely clean, consistent and pure form of cannabis product, and Stigma’s third-party processing abilities have already captured the interest of several LPs looking for service providers capable of facilitating the expansion of their own lines of products.
At present, Stigma has signed agreements with several reputable LPs to conduct concentrate manufacturing on their behalf, and currently hold POs for provincial channels scheduled for a second-quarter delivery of high-quality, terpene-rich, badder, live res badder and live res caviar.
The Company is currently in talks for multiple synergistic partnerships, and expects to make another announcement in the coming weeks.
For more information, access the Company’s investor presentation and recently updated strategic direction at their website: CanadaBis.com
CanadaBis Capital Inc. is a vertically integrated Canadian cannabis company focused on achieving large-scale growth in the fast-emerging global cannabis market. By targeting organic growth opportunities alongside the right-fit partners, we remain focused on finding and capitalizing on chances to grow, diversify and continue to lead our industry.