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Monday, November 12, 2018 1:05:47 PM
It is expected that on October 17, 2018, Canada will enter a new landscape as the recreational use of marijuana becomes legal. In addition to the traditional form of consumption of cannabis for recreational purposes via smoking, related products that are cannabis derivatives, including edible cannabis products and CBD-infused products, are expected to generate substantial interest among consumers seeking access to legal versions of these products in both the recreational or medicinal markets.
Through its Canadian subsidiaries, the Company is well-positioned to pursue market opportunities related to the sale of edible and CBD-infused products that Canada’s cannabis legalization would bring. CRUZANI’s wholesale baking operation (www.OventaFoods.com) has the expertise and capacity to supply edibles to retailers, once it becomes permitted by law. Additionally, CRUZANI’s Recipe Food Co. operation (www.RecipeFoodCo.com) has the expertise to fine-tune suitable offerings for consumers at the restaurant and consumer retail levels. CRUZANI’s Canadian subsidiaries have been developing retail-ready products that can, upon legalization of cannabis, switch reliably to retail cannabis products when the law permits.
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