Cibi e Bevande
Cannabis-Infused Ice Cream Just One of the Latest Edible Entries to the Growing Cannabis Sector
is a nanotechnology company innovating in the cannabis extraction space through the development of its Affinity cannabis purification technology. The Affinity system uses the company's patent-pending Molecularly Imprinted Polymer (MIP) technology to take winterized and partially winterized crude cannabis oils and eliminate distillation and chromatography, while yielding high purity distillates and isolates. The Affinity System reduces sources of product loss, creates a higher value output product due to the higher purity of the product, reduces OPEX and space requirements, and allows for continuous operation through batch processing to achieve higher processing efficiency and volumes.
In July, completed the initial Design for Manufacturing of its Affinity System and gave Advanced Extraction Systems Inc. (AESI) approval of the design and bill of materials and commissioned delivery of its first system. The system is expected to be ready for wet testing in late September and ready for shipment to proving laboratory in Maryland shortly thereafter. The Affinity System can be manufactured modularly, making it more flexible and cost-effective to modify in the future according to customer requirements prior to delivery.
On August 5 , finalized the commercial system design for the Affinity system and remains on schedule to deliver the first three Affinity Systems to Green Envy Extracts in Q4 2021. The company expects to take delivery orders from additional customers later this year, then accelerate its manufacturing capacity going into 2022.
said President and CEO of Dr. Jonathan Gluckman .
is trying to achieve its goal of being in the top two positions in Canada through acquisitions. The company announced it has entered into a definitive arrangement agreement to acquire all of 48North's issued and outstanding common shares in an all-share transaction valued at approximately $50 million . This will bring 48North's product portfolio under the umbrella, and strengthen the company's position and market penetration.
is also growing , with revenues up 51% quarter-over-quarter in Q3 2021 at $29.1 million and 31% YoY. In April, completed the acquisition of Edibles & Infusions Corp. (EIC) to bolster its cannabis 2.0 offerings. EIC, which was co-founded by AgraFlora Organics International Inc. and Cavalier Candies CEO James Fletcher , offers a purpose-built, highly-automated, 51,000-square-foot manufacturing facility in Manitoba .
Canadian company is an industry leader, and is taking its business around the world. The company announced on July 15 that it had delivered a single cannabis shipment worth approximately C$8 million . This constitutes one of the largest shipments the country has ever received, and is a major step toward advancing the company's mission in the international medical business.
Global cannabis titan recently expanded its offerings in Canada with the launch of its medical cannabis edibles in THC and CBD-rich varieties in different forms including chocolates and soft chew gummies. Patients across Canada will not be able to purchase edibles; a new addition to its highly comprehensive offerings including whole flower, oils, vapes, cannabis medicines, and even pre-rolls.
The first delivery of the Affinity system continues to approach for With testing estimated to be completed in the near future, updates will be highly anticipated.
To learn more about the Affinity system and , click here .
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