Kolab Project+PreROLLS=IB(NGP)?? Combine what you know about IB and their Next Generation Products with this statement from Auxly's Q3-2020 MD&A about the direction of Kolab Project.
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Kolab Project
In November 2017, we acquired our subsidiary Kolab Project Inc. (“Kolab”) and its facility located just outside of Ottawa in Carleton Place, Ontario. Kolab holds licences for cultivation, processing In 2020, we made the strategic decision to cease cultivation at the Kolab facility and focus on manufacturing, processing and distributing pre-rolled and dried flower Cannabis Products. In addition to its current operations, Kolab provides us with flexibility to manufacture, produce and distribute other Cannabis Products as necessary. Although Kolab has ceased its cultivation activities, it will continue to maintain its cultivation licence under the Cannabis Act, and has the ability to recommence the cultivation of cannabis if required. Kolab’s curated “Grower Series” has included successful product launch collaborations with Lotus Cannabis Co., Safari Flower Co. and Robinsons. These collaborations strive to deliver unique strains to cannabis enthusiasts across the country while transparently showcasing the craftsmanship of talented cultivators of incredible cannabis by always acknowledging the
cultivator on our packaging.
and sale for medical purposes under the Cannabis Act.
The Company plans to undertake a new capital project, at an estimated cost of $3-4 million, to increase pre-roll production volumes at Kolab through the purchase, installation and commissioning of automated manufacturing and packaging equipment and through minor building alterations, which is expected to quintuple output from the facility. The manufacturing equipment will be installed and commissioned prior to the second quarter of 2021, with packaging automation expected to occur during the second half of 2021, depending upon final equipment selection.
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The installation of high capacity pre-roll manufacturing equipment and an automated packaging line aren't being done without some expectation or commitments behind them.
Take note; the rolling equipment is intended to be installed and commissioned 'prior to' Q2-2021. That means now mates. As in, before the end of March, 2021.
The way I see it, with 'hemp derived' CBD having been completely declassified as a controlled substance in the EU and around the world IB would be remiss were it to hesitate in bringing CBD enhanced products to International Markets ASAP.
With Robinsons OG waiting ready to plant on 158 acres of prime Nova Scotia soil and having acquired CBD hemp for processing from PEI farmers last growing season...
- see pages 7 - 10 of Auxly's Q3-2020 MD&A
https://www.auxly.com/wp-content/themes/auxly2018/media/2020Q3/MDA_Q3-2020.pdf
For me the writing is on the wall. If I'm right... well let's just say, I think Auxly's set to have a big year, along with many other mj's.
cheers