The creation of new cannabis strains is still important
Creation of new cannabis strains that are essential for cultivators to introduce new products with higher THC content
PALM BEACH, Fla., April 22, 2021 / PRNewswire / - THC is perhaps the most famous cannabinoid in cannabis. THC, short for tetrahydrocannabinol, is known for the psychoactive effects of cannabis. For this reason, many cannabis users assume that a strain with a higher percentage of THC will always hit harder and have stronger psychoactive effects. Recent reports show that consumers are demanding ever higher levels of THC / percentages. According to a recent report from an industry insider on recent trends, “What we have seen over the past few years is an increasing demand for high-THC strains. While we learn more about what the current terpenes in a strain might be like, playing a more important role in effect, or "high," consumers actually view their options the simple way: "Get the highest THC for the lowest $. Cultivators must play the game and stick to the preferred strains in the market. Or even better, one step ahead. Tastes and preferences change very frequently in this market, partly due to the constant production of new cannabis strains by breeders. Breeders who have access to a breeder or employee who can start a program should develop and name their own varieties. If you are the only producer of a particular variety, your competitive advantage will improve. "Some of the active cannabis companies in the markets this week include Ikänik Farms, Inc . (CSE: IKNK.U), Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), Trulieve Cannabis Corp. (CSE: TRUL) ( OTCQX: TCNNF), MedMen Enterprises Inc. (CSE: MMEN) (OTCQB: MMN FF).
The cannabis industry has been fighting for legalization for decades. With each passing year, the cannabis industry matures and continues to grow exponentially. The market value of the cannabis industry is forecast to remain strong for several years in all industry reports. These predictions come at a time when cannabis continues to be illegal nationwide. As legalization increases, so does the size of the market, but also the production methods and the behavior of cannabis users. About 36 states and 4 territories (District of Columbia, Guam, Puerto Rico, and US Virgin Islands) have taken action in the medical marijuana industry, and leisure time doesn't lag far behind. Consumer demand contributes to the design of successful product lines and brands.
Ikänik Farms, Inc. (CSE: IKNK.U.CNQ) BREAKING NEWS: Ikänik Farms registers and markets 16 additional strains from its Colombian Phytosanitary Bank - Ikänik Farms, Inc. ("Ikänik Farms" or the "Company") is pleased to announce to indicate that its wholly owned Colombian subsidiary Pideka SAS (“Pideka”) has completed the registration and commercialization process of six cannabis-based cosmetic products through the National Institute of Drug and Food Surveillance (INVIMA), the governing body in Colombia responsible new product registrations.
"We are excited to open the door to multiple countries at the same time as our product registrations, and look forward to serving the Latin American market better in the near future." said Brian Baca, CEO of Ikänik Farms.
The product suite consists of cosmetic products and offers skin care benefits, taking advantage of the unique beneficial properties of cannabis-derived oil. All products are made with vegetable oils and cultivated under strict quality and control standards. They are fortified with organic and natural ingredients to maximize the effect of the particular product and its purpose.
The products are medically approved in three additional Latin American countries through Colombian registration, which opens the door for future recognition and registration of products in participating Andean Pact member countries, including Bolivia, Colombia, Ecuador and Peru. The Andean Pact accelerates the company's ability to open multiple markets through a unique, unified registry.
"We are proud to have reached this important milestone and to have positioned ourselves as the market leader and cornerstone of product quality in the global Latin America and Europe market," said Borja Sanz from Madrid, President of Ikänik Farms International, Inc. More information on Ikänik Farms can be found at: https://www.ikanikfarms.com/ and https://mugglehead.com/ikanik-farms-establishes-colombia-mexico-thc-export -will-list-to-cse /
Other current developments in the cannabis industry are:
Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI), the parent company of Organigram Inc., a leading cannabis producer, recently announced that it has acquired all of the issued and outstanding shares of Edibles & Infusions Corporation ("EIC" ). ) (the “EIC Acquisition”) for consideration of $ 22.0 million, plus up to an additional $ 13.0 million in shares (the “Milestone Consideration”) payable if the EIC Business has reached certain Earnout Milestones (the “Milestones”). The EIC acquisition further expands Organigram's product offering and provides an operational presence in Western Canada.
EIC was founded by AgraFlora Organics International Inc. (CSE: AGRA) and co-founded by James Fletcher, who is the chief executive officer of Cavalier Candies (“Cavalier”) - one of Canada's oldest confectionery companies. EIC built a purpose-built, highly automated manufacturing facility with an area of 51,000 square meters in Winnipeg, Manitoba. The facility has state-of-the-art equipment capable of producing highly customizable, precise and scalable cannabis-infused products, including food. EIC currently has a research license and a standard processing license issued in accordance with the Cannabis Act and Regulations. The application for the inclusion of sales activity of Cannabis 2.0 products in the standard processing license is currently being completed. Until EIC obtains its sales license, it will be able to manufacture products in bulk for further processing, review and sale through Organigram or licensed third party manufacturers for whom it may provide white label services.
Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer products company and owner of Rise ™ Dispensaries, recently announced the launch of Cann, a leading cannabis-infused beverage brand in Illinois. Green Thumb and Cann previously announced a partnership to bring the beverage brand to Illinois and New Jersey with plans to expand into additional markets.
Cann is now available at all Rise ™ Illinois pharmacy locations (excluding Mundelein) as well as in the Ascend, Moca and MedMen retail stores. Rise Up Joliet (Colorado), Rise Lake in the Hills and Rise Niles will also be hosting a cann pop-up through August with a cann brand ambassador on-site to answer questions about the newly available cannabis social tonics.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading and high performing cannabis company in the United States and the largest cannabis company in Florida, recently announced the acquisition of Solevo Wellness West Virginia LLC (“Solevo”). and its three West Virginia dispensary permits for $ 650,000. Solevo received two permits in Morgantown and one in Parkersburg as part of the application process in West Virginia in January 2021.
"This acquisition enables Trulieve to expand and consolidate our position in the newly created West Virginia market. Solevo was granted three pharmacies under the application process entered by the company before becoming part of the Trulieve family. Solevo has been added to our manufacturing and pharmacy permits In addition to our recently announced definitive agreement to acquire Mountaineer Holdings and their cultivation and pharmacy permits, it will create a fully vertical presence in the state with nine pharmacies, ”said Kim Rivers, CEO of Trulieve. "We look forward to providing the highest level of cannabis products and customer experience through authentic and mutual relationships with West Virginia patients."
MedMen Enterprises Inc. (CSE: MMEN) (OTCQB: MMNFF) recently announced the opening of its Emeryville California location as it continues to expand its market-leading presence in the world's largest cannabis market. MedMen Emeryville is located on San Pablo Ave. 3996 and has a sales area of 2284 square meters.
MedMen's newest location features a robust selection of high quality products, including its house brand MedMen Red. MedMen's red line curates a rotating selection of high quality, accessible cannabis for all. Our premium flower varieties include classics such as Jack Herer and Pineapple Express, as well as exotic varieties such as Runtz and Lemon Cherry Gelato. The collection also includes disposable vapes, cartridges, pre-rolls and rubbers.
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