Canopy Rivers Inc.’s (OTCMKTS:CNPOF) three portfolio companies recently announced plans to expand their product offering for recreational cannabis users and patients in North America.
Narbe Alexandrian, the CEO and President of Canopy Rivers, are impressed with their portfolio companies’ capability. This is regarding the fast response to changing consumer needs in the cannabis sector while at the same time executing their strategies. Alexandrian added that they see massive potential in the Canadian brand. They are delighted to see Dynaleo and Agripharm taking measures to unveil brands in the Canadian market that have already been successful in the US markets.
Health Canada approves Dynaleo’s processing license and amendment of Agripharm’s
Edmonton-based Dynaleo Inc. produces cannabis-infused gummies and recently signed an LOI with California-based Pantry, which produces cannabis edibles. The letter of intent comes after Health Canada granted Dynaleo a processing license. This will mark the first international expansion of Pantry outside the US market, where it is popular with its cannabis-infused products for adult-use market. Dynaleo expects the LOI to be its first step in closing the demand and supply gap for infused gummies in Canada.
Health Canada has amended Agripharm Corp’s license to sell dried cannabis, edibles, topicals, and extracts. With the amendment, Agripharm will now have exclusive rights of introducing Green House Seed Co. and SLANG Worldwide Inc. products to the Canadian market. Agripharm’s initial plans are to launch three SLANG products that include O.penVAPE, Firefly Mini vaporizer, and Bakked Dabaratus which is a one click dab solution that delivers an extract dose.
TerraAscend opens the third dispensary in Pennsylvania
TerraAscen Corp has also been making progress, and has opened its third store in Pennsylvania. The company’s CEO, Jason Ackerman, indicated that the company’s third dispensary is an indication of TerrAscend’s dedication to the state’s local patient as the medical program grows. The new dispensary that sits on 5,000 sq. ft. of space will improve patient’s experience owing to its private consultation rooms, experienced staff as well as a range of products and online ordering options.
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