AgriCann Solutions Corp. announced the commencement of commercial operations at wholly-owned subsidiary Craft Nurseries Canada.
Starting in Q4 2021, a complete reorganization at CNC was initiated that brought in new management, an experienced operations team, and a more focused business plan to help position CNC as the preferred supplier of high-end genetics to the Canadian and international marketplace.
CNC's greenhouse facility completed a significant retrofit designed to supply cut materials and to accommodate a planned, structured breeding program, with the ability to pull an additional 60-plus new cultivars per year to facilitate strain rotations for our partners. To ensure the ability to introduce progressive new varietals, CNC has initiated agreements with selected top breeders in western North America.
CNC's acquired genetics are primarily focused on "West Coast" strains known for their premium quality and high levels of THC and Terpenes. "Our sales catalog now offers ~70 strains with cultivars characterized by their high potency potential, with most reaching THC levels ~30% and higher and offering unique terpene profiles that translate into amazing aromas and flavors."
All plant material is compliant with Health Canada regulations and has been secured in CNC's facilities to fulfill initial supply agreements. All strains held by CNC are screened for disease and genetic purity, giving us an edge in the marketplace versus competitors. Along with our unique offerings, quality of product and breeding capacity helps position CNC as a unique and dominant company in the industry, with no known comparable companies in Canada currently. These strains are also in high demand internationally and offer superior profit margins.
CNC anticipates announcing supply agreements over the coming weeks and months and will ramp up production accordingly. CNC's initial milestone is to provide upwards of 50,000 plants per month to local growing partners. Their marketing/sales team is also finalizing royalty-based supply agreements with international partners contracting for rotational genetics.
CNC's Master Grower Henk Vander Waal commented: "With this exceptional strain catalog, Craft Nurseries can fill the genetic gap and offer cannabis producers across Canada the strains their customers all want and love. Our capital improvements allow us to implement strict quality controls into our production process, ensuring an optimal environment for our plants to thrive. Our goal here at Craft is to provide our customers with plants that we know they can succeed with."
AgriCann's EVP of Operations Adam Sancewicz commented on CNC's go-to-market strategy: "We're super excited to introduce our products to market and working with cultivators to help alleviate their pain points of sourcing premium, in-demand genetics. We're currently developing strategic alliances with players across Canada and globally to expand our distribution reach into Eastern Canada and foreign emerging markets. Taking into consideration the specific needs of different license types, we've developed flexible business models tailored to meet the unique needs for each market segment, allowing us to diversify our customer base with participants at various levels of the value chain. Extensive discussions with existing and prospective customers introducing the product pipeline have offered highly supportive feedback that should provide all our stakeholders with great optimism for the future."
For more information:
Craft Nurseries Canada