Freedom Cannabis set Monthly Sales Record
Feb 11, 2022 — The company recently posted sales of more than $1 million for the month of January and is seeing significant growth in retail sales in the ...
Freedom Cannabis Announces Extraction Division, Sets Monthly Sales Record
February 11, 2022 09:00 ET | Source: Visionstate Corp.
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EDMONTON, Alberta, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”) is pleased to announce its portfolio company, Freedom Cannabis Inc. (“Freedom”), has entered into a joint venture to expand its diverse revenue streams to include extraction services.
Branded under the name Cannabis Tolling Solutions (CTS), the joint venture is the next step in Freedom’s vertically-integrated business model that includes cannabis production, retail sales, packaging and now extraction services for the fast-growing vape market.
“We are excited to collaborate with CTS to deepen our vertical integration, broaden our product range into extraction solutions, and create exciting new revenue streams with experienced, innovative and award-winning partners,” said John Frank Potestio, CEO of Freedom Cannabis Inc.
According to Grand View Research Inc., the value of the market for extracts globally is expected to reach USD$27 billion by 2027 based on increased consumer demand and the application of the product in medical research.
Heading up the new joint venture is Andrew Freedman, a well-known author and cannabis expert who has more than ten years’ experience in the cannabis industry. Mr. Freedman has written extensively for leading international publications and is known as a “Cannabis Sommelier” for his unique focus on pairing cannabis, beer, cocktails, wine, and gastronomy. He also manages several social media channels and hosts a podcast entitled “Beers with Buds”.
