Winnipeg candy company set to begin production of cannabis-infused gummies
ALEX LUPUL / WINNIPEG FREE PRESS
Cavalier Candies CEO James Fletcher is the brainchild behind Edibles and Infusions Corp., which is set to begin production of cannabis gummies this week.
The Winnipeg cannabis confections plant designed to be the largest in the country is set to kick off production this week, two months after it was sold to another licensed cannabis producer.
The Winnipeg cannabis confections plant designed to be the largest in the country is set to kick off production this week, two months after it was sold to another licensed cannabis producer.
Canada s Organigram buys cannabis edibles maker to tap red-hot demand
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Canada s Organigram buys cannabis edibles maker to tap red-hot demand
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Canada s Organigram buys cannabis edibles maker to tap red-hot demand Reuters 1 hr ago
April 6 (Reuters) - Organigram Holdings Inc said on Tuesday it has acquired The Edibles & Infusions Corp (EIC) in a C$35 million ($27.88 million) stock deal, as the cannabis producer looks to tap surging demand for pot-based edibles and soft chews.
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The U.S.-listed shares of Organigram were up 2% at $3.56 in premarket trade, after the Canadian company announced its deal with Vancouver-based pot firm AgraFlora Organics International Inc, which owns 43% of EIC.
Pot edibles, like gummy bears, brownies and drinks, have been the biggest beneficiaries of a demand windfall for cannabis-related companies during the pandemic, as consumers stuck at home spent more on their products.