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LYF Food Technologies has launched its campaign on the Investing News Network’s cannabis channel.
LYF Food Technologies has launched its campaign on the Investing News Network’s cannabis channel.
LYF Food Technologies is a consumer products company fully focused on developing edible cannabis products that are enjoyable both as a snack and as an infused product. The company is leveraging 25 years of experience in largescale food manufacturing to deliver high-quality edible cannabis products that differentiate themselves with great taste. The legalization of cannabis concentrates, edibles, and infused beverages is expected to create a significant new market segment within the Canadian cannabis market, with Deloitte Canada projecting infused cannabis products to be worth an estimated $2.7 billion annually.
LYF Food Technologies intends to use its food industry experience to develop a line of edible cannabis products that deliver a taste and quality that are equal with their non-cannabis infused competitors. LYF Food Technologies’ wholly-owned production facility in Kelowna, British Columbia is capable of producing high-quality infused edibles with low costs and high margins. According to the company, its production facility is capable of returning a profit margin of 92 percent compared to a 76 percent margin on dried cannabis.
LYF Food Technologies’ company highlights include the following:
- 100 percent focused on edible cannabis products
- Evidence package submission to Health Canada scheduled for December 2019
- Health Canada license approval expected in the first quarter of 2020
- Management team has in-depth food industry development experience
- High-profit margins of as much as 92 percent per value-added product
- Purpose-built manufacturing facility with capacity to produce $250,000,000 worth of edible cannabis products yearly
- Opportunities for white labeling partnerships
- Participating in the Lift & Co trade shows in both Vancouver and Toronto 2020