Blox Labs (CSE:BLOX), Now Trading as Sire Bioscience (CSE:SIRE), Acquires Milestone Industrial Hemp Production License for Leamington Facility
In a milestone achievement that will change the face of its entire business, Sire Bioscience Inc. (“Sire” or the “Company”) (CSE:SIRE) wholly owned company Best Cannabis Products Inc. (BCP) has received its Industrial Hemp License (IHL) from Health Canada.
This major milestone comes after a vigorous application process and establishes Sire – a world-class hemp production company – as a trusted, fully compliant hemp provider. For its investors, it will also mean faster speed to revenue, as the Company prepares to launch a wide range of CBD-infused edibles, beverages, personal care products, pet care solutions, and more.
CBD: An Exciting, High-Growth Market
“With the second wave of cannabis legalization set for October, receiving our Industrial Hemp License couldn’t have come at a better time,” says Jeff Zanini, Sire CEO. He adds, “When processing hemp biomass for CBD extraction, the profitability can range anywhere between $1,500-$5000 per kilogram depending if the final product is crude CBD oil or full spectrum CBD oil. This provides a profit opportunity on our Leamington facility ranging between $2,250,000 to $5,000,000 that would be ready for our 2020 Harvest, which is great for shareholder value.”
Society’s interest in CBD products is more than just a passing trend. In fact, Brightfield Consulting Group forecasts that CBD sales will grow to over $22 billion by 2022. For consumers, the excitement lies in its many natural health benefits. CBD has been shown to help calm anxiety, reduce inflammation, improve skin health, and support overall well-being in a number of ways. There is also the customization aspect. CBD products come in a variety of forms – such as oils, edibles, drink infusions, and creams – to suit different lifestyles.
For savvy investors, the unprecedented demand for CBD can translate into exceptional returns. The key is investing in a company such as Sire, which has secured the necessary licensing and puts consumer needs first.
A Winning “House of Brands” Strategy
Sire understands that hemp consumers want choice. They are multi-dimensional and seek different products for different occasions. That’s why it has chosen a strategic “House of Brands” approach that will offer a variety of premium products under one roof.
Sire will act as the master brand, with a number of line extensions/sub-brands housed under it. While each sub-brand will deliver a unique function, format, or user experience, all sub-brands will ladder up to one aspirational lifestyle brand – Sire. Currently, Sire has 15 trademarks in the filing process with the CIPO. This will help differentiate its products from the competition and protect its investors.
The Sire “House of Brands” will offer consumers different formats, functions, and experiences to suit their every need.
Room to Grow
The Sire growing operation combines indoor, greenhouse, and prime outdoor agricultural land. It is set on a state-of-the-art agricultural facility in Leamington, Ontario, an area known as the “Sun Parlour of Canada” due to its warm temperatures and ideal growing conditions. With 160,000 square feet of growing space on 50 acres of land, the facility was also chosen for its expansion potential.
“Not only do we have the space to cultivate for immediate market needs, but there is also considerable room for growth,” explains Zanini. “Our Leamington facility could be expanded to cover upwards of 1,000,000 square feet, making it one of the largest and most advanced operations in North America. Once fully optimized, our hemp production will provide ample supply to support our product portfolio and to promote steady revenue generation.”
Adaptability = Faster Revenue
While Sire and other hemp cultivators prepare for October 2019, Zanini stresses the importance of adaptability.
“This market is still new and ever-evolving,” he says. “What makes Sire unique is that we’re able to adapt quickly and efficiently to changing legislation and consumer insights. This will allow us to seamlessly offer new products as legislation permits.”
Sire has also assembled a first-class team of seasoned supply chain experts, with more than 25 years of experience in regulatory, packaging, and brand building.
“Having such a strong team will give us an early-mover advantage in key areas,” notes Zanini. “The faster we can deliver new products, the faster our investors will reap the rewards.”
In the meantime, Sire is committed to industry R&D, and has begun exploring Health Canada approved hemp/CBD varieties. The new Industrial Hemp Licensing gives Sire immediate cultivation, propagation, nursery, and formulation/manufacturing capabilities to meet consumer demand and support long-term business growth.
About Sire Bioscience
Sire’s principal business activity is to engage in the investment, production of and sale of hemp for CBD extraction. Sire has its wholly owned state-or-the-art facility in Leamington, Ontario – a preeminent locale for hemp cultivation in Canada. The land parcel included 50 Acres of prime horticultural land, with 160,000 sq ft facility of combined greenhouse and indoor space. Our goal is to become a vertically integrated CPG life science company with our “House of Brands” offering. Sire is headquartered in Toronto, Ontario and is backed by a group of successful entrepreneurs who have extensive experience in the areas of manufacturing, logistics and renewable energy.
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In the evolving rush of mergers and acquisitions (M&A) in the Canadian cannabis market, Canopy Growth (NASDAQ:CGC,TSX:WEED) announced it will acquire The Supreme Cannabis Company (TSX:FIRE,OTCQX:SPRWF) in a deal worth approximately C$435 million.
Meanwhile, a cannabis operator in the US confirmed this week that it will receive a financial boost from a partner to solidify its position in the burgeoning Pennsylvania state market.
The Board of Directors of Aphria Unanimously Recommends Shareholders Vote “For” the Arrangement
Aphria to Host Special Meeting of Shareholders on Wednesday, April 14, 2021 to Approve Proposed Aphria-Tilray Business Combination
Love Hemp Group PLC (AQSE: LIFE) (OTCQB: WRHLF), one of the UK’s leading CBD and Hemp product suppliers, announces that as part of the equity fundraise announced yesterday, Antony Calamita and Andrew Male, Directors of the Company, subscribed for 285,714 Ordinary Shares and 1,428,571 Ordinary Shares respectively. The subscriptions are at a price of 3.5 pence per ordinary share for a total of £60,000. Following these subscriptions, Antony Calamita is now interested in 54,385,714 Ordinary Shares, representing 8.61% of the Company’s share capital as increased by the fundraising, and Andrew Male is now interested in 6,138,196 Ordinary Shares, representing 0.97% of the Company’s issued share capital as increased by the fundraising
Further, the timetable for receipt of applications under the Broker Option, which was also announced yesterday, has been extended until 5:00 pm 9 April 2021 to capture additional interest which was unable to be completed yesterday.
Revive Therapeutics Ltd. (“Revive” or the “Company”) (CSE: RVV, USA: RVVTF), a specialty life sciences company focused on the research and development of therapeutics for medical needs and rare disorders, would like to provide the following dial-in information for the Company’s upcoming Annual and Special Meeting (the “Meeting”) scheduled to be held at 11:00 a.m. Eastern Daylight Time on April 12, 2021. Shareholders and proxyholders may access the Meeting via teleconference by dialing 647-723-3984 or 1-866-365-4406 from Canada or the United States, then entering participation code “8487744” followed by the pound (“#”) sign.
In consideration of the COVID-19 pandemic and the recent restrictions imposed by the Ontario Provincial Government, shareholders and proxyholders will only be able to attend the Meeting via teleconference and will not be permitted to attend the Meeting in person at the address provided on the Notice of Annual and Special Meeting of Shareholders.
Gage Cannabis Announces Exclusive Partnership With Blue River to Bring Award-Winning Cannabis Extracts to Michigan
Gage Growth Corp. (“Gage” or the “Company”) (CSE:GAGE), a leading high-quality craft cannabis brand and operator in Michigan, announced today that it has signed an agreement with Blue River™ Extracts & Terpenes (“Blue River™”) to bring the brand’s award-winning solventless technology and other trademark branded products to the state’s medical patients and cannabis consumers. The Company will have exclusive rights to Blue River™’s premium product offerings in Michigan.