Village Farms International (VFF.T) subsidiary Pure Sunfarms got a Health Canada cannabis license expansion that lets them sell cannabis extract, edibles and topical products, to provincial and territorial boards as well as authorized retailers today, according to a press release.
The amendment allows Pure Sunfarms to start internal extraction for its vape and bottled oil products in addition to other cannabis 2.0 products, which the company hopes to have on shelves in the next few months.
“The receipt of this license amendment enables Pure Sunfarms to begin the production and sale of its internally processed vape and bottled oil products and, importantly, is the final approval required to fully execute our Cannabis 2.0 product strategy. We will continue to explore the introduction of a variety of additional Cannabis 2.0 products to the market to meet the evolving preferences of the Canadian cannabis consumer always with the goal to provide consumers with pure, BC-grown cannabis products at an affordable price,” said Mandesh Dosanjh, president and CEO, Pure Sunfarms.
The company’s extraction operations are located within a 65,000 square foot processing centre, which itself is housed in the confines of its 1.1 million square foot Delta 3 greenhouse facility, and are capable of processing 35,000 kilograms of biomass per year.
“This approval comes on the heels of Pure Sunfarms’ recent launch of its first extracted products co-manufactured vapes and bottled oils which have had strong initial sell-through in each of the provinces in which they have been launched. We have always recognized the value of Pure Sunfarms having its own internal extraction operations. It not only enables the generation of a significantly higher gross margin on extracted products but also provides control over the entire production process to ensure the highest levels of quality and safety. It also enables Pure Sunfarms to expeditiously launch additional strains, formats and SKUs of Cannabis 2.0 and bottled oil products,” said Michael DeGiglio, CEO, Village Farms International.