LYF Food Technologies

Overview

LYF Food Technologies Inc. is a 100 percent edibles-focused consumer products company, developing high-quality edible products that are just as enjoyable as snacks as they are cannabis products. The company’s management team has more than 25 years of experience in large-scale food manufacturing.

More than one full year after the first wave of cannabis legalization, Canada has finally made value-added cannabis products like edibles available for legal sale, with the changes coming into effect in December. According to data by Deloitte Canada, the market for infused cannabis products is projected to be worth an estimated US$2.7 billion annually, with edibles accounting for the bulk of the market.

In much of the cannabis industry, edibles have been something of an afterthought. Many cannabis companies are developing edibles as part of larger product lines with dried bud, extracts and other infused products. Most cannabis companies are not experienced in the food industry, and so high-quality non-cannabis ingredients and ideal recipes tend not to be a focus. In contrast, LYF’s management has extensive experience in large-scale food manufacturing for some of Canada’s largest grocery stores, health and wellness retailers and pharmacies. LYF’s model is 100 percent focused on producing edible products that taste just as good as their non-cannabis infused counterparts.

To make high-quality cannabis edibles, you need high-quality ingredients. This includes using premium-quality cannabis and pure extracts, but equally important are the non-active ingredients. A brownie, for example, is only as good as the chocolate used to make it. The addition of cannabis will only serve to highlight the flaws in a low-quality baked good. LYF is focused on sourcing only high-quality cannabis extracts and food ingredients. To that end, the company has formed strategic partnerships with suppliers of premium food ingredients as well as a number of public and private licensed cannabis producers.

LYF’s wholly-owned production facility in Kelowna, British Columbia is capable of producing edible products quickly, in high volumes and with low overhead rates. Premium value-added cannabis products carry high-profit margins. LYF says that the average profit margin for one of their edibles is 92 percent compared to a 76 percent margin for a gram of dried cannabis bud. LYF’s lean and efficient team of experienced professionals also helps the company maintain a low overhead rate. According to the company, LYF will require just three million in gross sales before breaking even in 2020.

LYF Food Technologies Company Highlights

• 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