Canopy Growth investment arm Canopy Rivers invested $2M in a 12.2% stake in Edmonton edibles producer Dynaleo, presently awaiting its Health Canada license. Once licensed, Dynaleo will produce white-label edibles.
NewsWire, Prince George Citizen
- Dynaleo is run by Brandon Wright, former CEO of Canada’s longest running commercial edibles producer Baked Edibles. That strong legacy-market pedigree means the company has a head start on those just entering the edibles space.
Food Quality & Safety
Canopy Growth, separate from its investment arm, continued the slow process of releasing its beverage offerings, with new flavours arriving again this week (albeit in predictably excessive packaging).
Licenced producers hoping to do taste-tests on their products can’t outsource that testing—unless they outsource to a company with a research license.
Canadian scientists can legally study 939,575 kg of cannabis, compared with the US, where scientists only have access to 3,200 kg.