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Stralak Resources Inc. and Hempsana Inc. Enter Into Business Combination Agreement

Stralak Resources Inc. and Hempsana Inc. Enter Into Business Combination Agreement
Stralak Resources Inc. and Hempsana Inc. are pleased to announce that they have entered into a business combination agreement today, whereby Stralak will acquire all the outstanding securities of Hempsana.
Stralak Resources Inc. (“Stralak”) and Hempsana Inc. (“Hempsana”) are pleased to announce that they have entered into a business combination agreement (the “Combination Agreement”) today, whereby Stralak will acquire all the outstanding securities of Hempsana (the “Proposed Transaction”).
Information Concerning Hempsana
The business of Stralak after the completion of the Proposed Transaction (the “Resulting Issuer”), will be the business of Hempsana, which involves manufacturing cannabis derivatives and producing cannabis extracts for use in finished products, including vapeables, topical creams and infused consumables. Hempsana’s Health Canada Standard Proces ....

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Creating New Strains Of Cannabis Essential To Cultivators For Introducing New Products With Higher THC Levels

/PRNewswire/ THC is perhaps the most well-known cannabinoid within cannabis. THC, short for tetrahydrocannabinol, is famously responsible for cannabis s. ....

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Token Naturals rewarded Standard Processing Licence for cannabis from Health Canada

/CNW/ - Token Naturals Ltd. ("Token Naturals", "Token") has announced that on April 9th Health Canada issued the company a Standard Processing licence. The. ....

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Full Spectrum Cannabis Products Industry Expected To Remain Robust Through 2027

Full Spectrum Cannabis Products Industry Expected To Remain Robust Through 2027
Financialnewsmedia.com News Commentary
PALM BEACH, Fla., April 8, 2021 /PRNewswire/ Cannabis extracts have gained wide recognition in recent years and are expected to provide impetus to cannabis market growth. Based on product type, cannabis extracts are classified into oils and tinctures. Growing legalization of cannabis in various countries, preference for cannabis oil and tinctures, and adoption of medical marijuana for treating chronic diseases like arthritis, anxiety, and Alzheimer s are the major factors propelling the growth. According to a report from Grand View, the oils segment is expected to dominate the market and is anticipated to witness the fastest CAGR of 17.5%, through 2027. The report added that the global cannabis extract market size is expected to be valued at US $28.5 billion by 2027, and it is projected to expand at a CAGR of 16.6% through 2027 also. Other key findings ....

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Organigram Acquires Edibles Company To Tap Into Growing Demand

(Image: Evie Fjord on Unsplash)
Moncton-based medical and recreational cannabis producer Organigram is looking to strengthen its position in the growing edibles market with its new acquisition.
Organigram Holdings Inc., the parent company of Organigram Inc. has announced it has acquired all of the issued and outstanding shares of The Edibles & Infusions Corporation (EIC) for consideration of $22-million, plus up to an additional $13-million in shares payable upon the EIC business achieving certain earnout milestones.
The EIC acquisition will broaden Organigram’s edible product offerings and provides an operational footprint in Western Canada.
EIC was co-founded by AgraFlora Organics International Inc. and James Fletcher, who is the CEO of Cavalier Candies, one of Canada’s oldest confectionery companies. EIC constructed a purpose-built, highly-automated, 51,000-square-foot manufacturing facility located in Winnipeg, Manitoba. ....

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