RE:RE:Big Changes Happening in Canadian Cannabis Canopy's 2 year etraction contract with Valens also expired at the start of December.
Saskatchewan Facility 2019:
Canopy Growth recently retrofitted the now fully licensed KeyLeaf facility in Saskatchewan, a company with over 50 years of experience in the extraction industry. This facility is expected to be online in the Fall of 2019 and has the capacity to extract up to 5,000 kilograms of hemp or cannabis biomass per day. The application for the licence was submitted under KeyLeaf's previous name, POS Management Corp. and will be updated in due course. The newly-licensed extraction platform is located in close proximity to Canopy Growth's large-scale outdoor hemp and cannabis grow operations. The Company looks forward to the additional capacity increasing production efficiency, augmenting output volume, and ultimately reducing operational costs for value-add products set to be rolled out in the Canadian recreational and medical markets at the end of calendar year 2019.
https://www.newswire.ca/news-releases/canopy-growth-receives-key-extraction-licence-848328075.html
Rm90090 wrote: Franks, If I am reading this correctly - they have now ceased growing (in Canada at least). This looks as though they are specialising into: manufacturing, branding, and distribution of their products. This looks like a good thing for OILS as they will eventually need to purchase distillate for their 2.0 products. Unless they plan to specialise further, and use a prodcut manufacturing company - then they would just be brand and distribution (and they wouldnt be buying their oil, the Whitelabel company they use would be getting the oil).