- CEO Brandon Wright, founder of grey-market company Baked Edibles, turned to the legal market with Dynaleo, which received $2M in funding from Canopy Growth’s investment arm Canopy Rivers, and got final licensing approval from Health Canada last week.
Food Quality & Safety, Newswire
- Dynaleo signed a letter of intent with Los Angeles edibles shop Pantry to license their products for the Canadian market.
In Other Sector News:
The REC industry has grown 231% since legalization, and last week Health Canada issued eight more licenses, for a total 417 federally licensed parties. Former Health Canada cannabis team member David Brown crunched annual licensing numbers and found the regulator has licensed more LPs this year than in the four previous years put together.
- There are so many LPs, New Cannabis Ventures revised the rules for including a company among its Canadian Cannabis LP Index.
New Cannabis Ventures
The bright side of low stock prices is distressed assets are priced to move.