Although licensed producers are getting into extraction, observers predict it won’t be enough to meet future demand for cannabis in oil-form
In the most recent round of cannabis earnings, a little-known company called MediPharm Labs Corp. posted revenue of $10.2 million for the quarter ending Dec. 31, 2018, a figure that placed it comfortably amongst the Top 10 for Canadian cannabis companies.
As such, they predict, companies focusing solely on cannabis extraction will start comprising an increasingly important subsection of the overall industry. Indeed, MediPharm has over 20 supply, purchase or sales agreements with a number of licensed producers — they function as the middle-man of sorts in the cannabis supply chain, purchasing dried cannabis, extracting the oil-like substance containing THC or CBD from the plant, and selling it back to the same producers, or to other producers that have requested cannabis extract.
Unlike extractors focused solely on cannabis however, Neptune has a fallback — in the event demand for cannabis derivatives do not match up to forecasts and the bullish sentiment towards cannabis extractors subsides, the company is in the wellness business and owns a patent for the wildly successful Omega-3 Krill Oil supplement.
“First of all, we have five different kinds of extraction methods at our facility. Most people are only using CO2 as a solvent for extraction. Second of all, we’re extracting at a 90 per cent rate, which means that 90 per cent of the component we want in cannabis, THC or CBD, is being extracted, so we are getting higher yields,” Knight explained.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Innovation Nation: Why Canada should engage the Indo-Pacific as it pushes its innovation agendaInnovation Nation: Why Canada should engage the Indo-Pacific as it pushes its innovation agenda innovationnation
Read more »
Rachel Notley on why the NDP deserves a second chance - Macleans.caThe Alberta premier talks to Jen Gerson about her economic plan, her working relationship with Justin Trudeau and what it will really take to get Trans Mountain built
Read more »
Douglas Todd: Why we need to stop subsidizing foreign ownership of Metro Vancouver housing“Imagine that a wealthy person could access all of the same social services and public amenities as a local individual, but not pay income taxes. That would be a huge advantage in the housing…
Read more »
Why Burke believes Maple Leafs can build momentum in Boston - Sportsnet.ca“They have a better team than that team that went seven a year ago.” Brian Burke weighs in on Leafs’ chances against NHLBruins:
Read more »
Drink pink: Why rosy beverages are a smart marketing moveDrink menus are increasingly offering pink gins, ciders and wines. As Christine Sismondo reports, it’s due both to an increased appreciation of red fruits and, yes, Instagram
Read more »
Why women and men see Alberta's election differently - Macleans.caJason Markusoff's Alberta Politics Insider for April 10: One thing the polls tell us, rebuilding the 'firewall,' and more
Read more »
Why you should find the positive people at workYou also need to know how to manage your reaction or limit your exposure to negative co-workers
Read more »
Opinion: Why Jason Kenney’s ‘lake of fire’ moment won’t hurt him like it did Danielle SmithThe United Conservative Party leader has taken heat for backing Mark Smith, who made homophobic remarks – but it may not hamper his chances of winning
Read more »