Sep 14, 2021 (Baystreet.ca via COMTEX) -- The cannabis boom is thriving in Canada. So much so, the industry is expected to balloon from $31.5 billion in 2020 revenue to $10.1 billion by 2025. Helping, sales growth for vape pens is expected to run from 3.9% in 2019 to more than 18% by 2022. Edibles are expected to increase from 1% sales growth to 9%, as topicals run from 0% to about 1%. In addition, sales are seeing higher highs. In June 2021, Canadian cannabis sales were up 59% in June to $319 million. That was after 68% cannabis sales growth for May 2021. One of the companies benefiting from that wild growth is Ayurcann Holdings Corp. /zigman2/quotes/225942613/delayed CA:AYUR +6.67% /zigman2/quotes/227343908/delayed DE:3ZQ0 +0.91% , a leading post-harvest solution provider with a focus on providing. and creating custom processes and pharma grade Products for the adult use and medical cannabis industry in Canada.
In addition, some of the other cannabis stocks you may want to keep an eye on include Kiaro Holdings Corp. /zigman2/quotes/208427810/delayed CA:KO -6.67% /zigman2/quotes/205798313/composite KIARF 0.00% , Auxly Cannabis /zigman2/quotes/208116088/delayed CA:XLY -3.33% /zigman2/quotes/205690863/composite CBWTF -6.75% , Entourage Health Corp. /zigman2/quotes/204042155/delayed CA:ENTG -5.26% /zigman2/quotes/206683097/composite ETRGF -6.12% , and Canopy Growth Corp. /zigman2/quotes/200603886/composite CGC -1.52% /zigman2/quotes/202205609/delayed CA:WEED -2.37% .
Ayurcann Holdings Corp. Entering Saskatchewan with National Cannabis Distribution
Ayurcann Holdings Corp. , a Canadian cannabis extraction company specializing in the processing of cannabis and hemp for the production of oils and various derivative product, is pleased to announce that it has entered into an exclusive wholesale distribution and supply agreement with National Cannabis Distribution, a wholly-owned subsidiary of Kiaro Holdings Corp. /zigman2/quotes/208427810/delayed CA:KO -6.67% , for the Province of Saskatchewan.
Under the terms of the agreement, NCD will act as the exclusive provincial wholesaler and distributor for Ayurcann and/or its intermediaries to authorized private retailers in the Province of Saskatchewan for an initial period of two (2) years. The supply agreement will initially encompass Fuego and Vida branded products and will be amended to include new product offerings as they become available and approved for sale in the Province of Saskatchewan.
“Unlike many other Canadian provinces, Saskatchewan has a unique private wholesale and retail cannabis distribution model,” stated Ayurcann CEO, Igal Sudman. “Our partnership with NCD provides us with a clear route to market and is a strong endorsement of both Ayurcann’s approach and product offering. We are very pleased to be working with an organization such as NCD. Ayurcann is working to further expand our distribution network and introduce more consumers to our brands of premium cannabis products.” concluded Mr. Sudman.
“National Cannabis Distribution is focused on curating the best assortment of products for our retail partners, and we look forward to offering the Ayurcann product lines to theSaskatchewan marketplace,” stated NCD General Manager, Brent McFadzen.
Other related developments from around the markets include:
Kiaro Holdings Corp.an omni-channel cannabis retailer and distributor, is pleased to announce that the Company’s wholly-owned subsidiary, National Cannabis Distribution , has entered into an Exclusive Reseller Agreement with RoyalMax Biotechnology Canada Inc. d.b.a. West Island Culture, to distribute Non-Medical Cannabis in Saskatchewan. West Island is a subsidiary of Matica Enterprises Inc. (MMJ – CSE) (39N – Frankfurt) (MMJFF – OTC). West Island has delivered its first order to NCD for distribution to their retail network. “We are very pleased to be working with an organization such as NCD. Matica is working to further expand our distribution network and introduce more consumers to our brands of craft cannabis,” stated Matica CEO, Boris Ziger. “Our premium OUESTTM and our CITOYENTM brands have been well received in Saskatchewan and elsewhere.”
Auxly Cannabis’ Back Forty, a cannabis brand introduced Back Forty 40s , a new, straight-roll offering available now in Ontario at OSC.ca and at cannabis retail stores across the province. 40s are 0.35g single-strain, straight pre-rolls, machine rolled for a consistent, even burn with enhanced airflow and big flavour. Back Forty 40s launch with two high-potency cultivars – Animal Mints and Wedding Pie – and are presented in resealable, recyclable packages of 10, optimized for sharing out of the pack and preserving freshness. Back Forty is introducing 40s with an irreverent marketing campaign using Out-Of-Home advertising to encourage Canadians to unplug and embrace the outdoors by taking Mondays off through the summer. Back Forty 40s are the centre piece of a summer of new product launches, which also features new dried flower strains and the brand’s first edible offerings.
Entourage Health Corp., a Canadian producer and distributor of award-winning cannabis products and brands, in collaboration with leading Canadian retailer Fire & Flower Inc. announced the release of Fire & Flower’s “Revity CBD™ Softgel” line . In addition to the CBD softgels, the private-label Revity product line currently includes CBD oils launched last year. Revity CBD products are available in Saskatchewan retail locations and will expand into Ontario in mid-September 2021, with Manitoba locations expected in the near future.
Canopy Growth Corp. subsidiary Storz & Bickel announced the release of three new vaporizer updates: the limited edition VOLCANO ONYX, the enhanced CRAFTY+, and the first-ever MIGHTY+. Engineered with cutting-edge technology, these enhancements to STORZ & BICKEL’s iconic portfolio demonstrate the brand’s continued leadership in the high-potential vaporizer industry. “STORZ & BICKEL has spent the past 20 years developing the world’s most prestigious vaporizer models, consistently defining and refining the gold standard of consumer safety and best-in-class performance,” said Jürgen Bickel, Founder and Managing Director.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Ayurcann Holdings Corp. by Ayurcann Holdings Corp. We own ZERO shares Ayurcann Holdings Corp. Please click here for full disclaimer.
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