Adastra Holdings Ltd., announced that Phyto Extractions branded concentrate products are now listed in the Yukon territory. The recent acceptance by Cannabis Yukon expands the national availability of Phyto Extractions products to five provinces and one territory across Canada, and is the first footprint expansion since the Company announced the pending acquisition of the popular Phyto Extraction brand and intellectual property from 1204581 B.C. Ltd. in mid-September. With complete control of the Phyto Extractions brand asset, Adastra intends to leverage its proven product development expertise, coast-to-coast sales force, and existing relationships with over 1,400 retail stores across Canada to drive growth and profitability for an expanded portfolio of Phyto Extractions branded products.
“We have moved quickly to establish our presence and capture market share. The first fulfilled P.O. shipped to the Yukon on August 16 and sold out within weeks,” said Donald Dinsmore, COO, Director, Adastra Holdings Ltd. “We have made significant progress growing our domestic cannabis distribution, and we expect to increase our national position in the short-term as we continue discussions with other private and government-regulated retailers across the country.”
The Yukon territory leads Canada in per capita legal sales1 and is home to four licensed cannabis retailers.
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1 https://www.yukon-news.com/news/yukon-leads-canadian-cannabis-sales-two-years-after-legalization/ |
The initial listing in Yukon as of July 28, 2021 consists of 14 products. These include 13 vape cartridges, including the newest popular flavour offering 1g Blue Raspberry, along with one live resin SKU.
About Adastra Holdings Ltd.
Founded in 2018 and formerly known as Phyto Extractions Inc., Adastra is a leading manufacturer and supplier of innovative ethnobotanical and cannabis science products designed for the adult-use and medical markets and forward-looking therapeutic applications. Adastra is renowned throughout Canada for its popular line of Phyto Extractions branded cannabis concentrate products available on shelves at over 1,400 adult-use retailers across the country. The Company also operates Adastra Labs, a 13,500 sq. ft. agricultural-scale Health Canada licensed facility located in Langley, BC., focused on extraction, distillation, and manufacturing of cannabis-derived products.
