As they continue to grow, Stigma Grow is already producing large quantities of both live resin and cured concentrates for in-house and third-party cannabis brands.
Red Deer, May 19, 2020 – CanadaBis Capital Inc. (“CanadaBis” or “the Company”), a vertically integrated Canadian cannabis company focused on finding and capitalizing on growth and diversification opportunities, is pleased to announce that its subsidiary Stigma Grow, has become the first Canadian LP to produce and distribute live resin caviar, live resin badder and cured badder to retailers across Canada.
The Company, who anticipated a shift in consumer behaviour from a focus on dry flower to a focus on concentrates in 2020 and beyond, has spent the last year securing the right-fit partnerships, processes and personnel, before securing multiple POs across Canada for their Hydrocarbon high-potency concentrates.
On April 19th, the Company oversaw the shipment of their first 6,000+ packages of Chapter 1: Cured Badder and has since shipped out an additional 14,000 units of Live Res Badder and Live Res Caviar under the brand Premium 5.
“The future of cannabis is strong, and it’s here!”, exclaims Travis McIntyre, President and CEO of Stigma Grow. We’ve spent the last year perfecting our systems and constructing a CIDI Lab to house hydrocarbon extraction processing — positioning us to bring difficult-to-produce products to market on a mass under our brand, and as a third-party processor for other high-quality cannabis growers.
Stigma Grow intends to leverage their top-quality flower, state-of-the-art technology, and the insight provided by their skilled and experienced staff, to maintain their position as recognized Canadian leaders in high-quality, ‘bud-run’ extract product variations.
Travis explains, “Our vision as a company has always been to provide our community with what is in-demand, and all signs point to the need for consistent, high-potency concentrates. The response and momentum we’ve seen over the past few months has positioned our company for the type of growth and influence we’ve always envisioned.”
As of the date of this release, Stigma Grow represents Canada’s first-to-market and leader in BHO cannabis concentrates.
About CanadaBis Capital Inc.
CanadaBis Capital Inc. (TSXV:CANB) is a vertically integrated Canadian cannabis company focused on achieving large-scale growth in the fast-emerging global cannabis market. By targeting organic growth opportunities alongside the right-fit partners, we remain focused on finding and capitalizing on chances to grow, diversify and continue to lead our industry.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to our business and operations including development and expansion plans; intention to develop property in British Columbia; increasing our product lines to include CBD distillates; and our general business plans. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: compliance with extensive government regulation, the general business, economic, competitive, political and social uncertainties; successful negotiation of necessary agreements to get our product to market; requirement for further capital, delay or failure to receive board, shareholder or regulatory approvals; the results of operations and such other matters as set out in the Filing Statement available on SEDAR at www.sedar.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
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