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Indiva Ltd V.NDVA.H

Alternate Symbol(s):  NDVAF

Healthcare
Indiva Limited, through its indirect wholly owned subsidiary, Indiva Inc., is a Canada-based producer of cannabis servicing the medical and recreational markets. The Company is engaged in producing and selling cannabis products. It focuses on the production and processing of edible and extract cannabis products as well as packaging of edibles and extracts. Its brands include Pearls by Gron, Bhang Chocolate, Indiva Doppio Sandwich Cookies, Indiva 1432 Chocolate, and No Future Gummies and Vapes, as well as other Indiva branded extracts. Its product category includes edibles, capsules and tablets, and vape. Its edibles include Vanilla Double -Stuffed Chocolate Cookie, and Golden Vanilla Double Stuffed Cookie. The Company sells its cannabis products to consumers in the recreational market in the provinces of Ontario, British Columbia, Alberta, Quebec, Nova Scotia, Saskatchewan, Manitoba, New Brunswick, Prince Edward Island, Newfound.


TSXV:NDVA.H - Post by User

Indiva Ltd
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Post by davgroon Jan 28, 2023 11:23am
296 Views
Post# 35251841

Update - What is actually happening with “edible extracts” ?

Update - What is actually happening with “edible extracts” ?
The industry has been abuzz with speculation following reports of Health Canada telling some cannabis producers they can no longer sell so-called “edible extracts.” 

Indiva currently markets their Lemon THC Lozenges as an edible extract thereby bypassing the 10 mg/package restriction.  It is understandable why this product is so popular with consumers as you can purchase 10 x 10mg lozenges (100mg THC) for CAD $17.95 or a unit price of CAD $1.75.  The average selling price of a comparable 10mg "edible" (gummie) is CAD $5+.

A stop sale order from Health Canada will definitely impact NDVA revenue and be a headwind to any share price appreciation at a time when we are already trading at a 52-week low.  I personally would not be adding to my position until their is clarity as to how this plays out.
 
StratCann has now confirmed with one cannabis producer who says they received an order from Health Canada to stop sales of their Full Spectrum THC Jelly Cubes due to them being inaccurately classified as extracts rather than edibles. 

Read full news article at link below:

https://stratcann.com/news/what-is-actually-happening-with-edible-extracts/
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