Cannara Biotech Inc. makes Quebec retail debut with launch of three brands

Quebec company boasts of largest indoor cannabis growing facility in the province

Quebec-based Cannara Biotech Inc. trades in the Canadian Securities Exchange under the ticker name LOVE.

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Cannabis shoppers in Quebec now have three additional brands to choose from.

Homegrown company Cannara Biotech Inc. has announced the launch of three flagship brands in the province.

“Cannara’s retail market debut is an important step forward for the team,” chief financial officer Nicholas Sosiak said in a media release Thursday (February 25).

In particular, the release names Tribal as one of the brands. The product features high THC and terpene levels. It comes in 3.5-gram packaging and three 0.5-gram pre-rolls.

In addition, consumers can buy oversized buds under the brand name Nugz. According to the company, Nugz products come in 28-gram packaging and 14 0.6-gram pre-rolls.

Lastly, the Orchid CBD brand rolls out in 3.5-gram packaging and three 0.5-gram pre-rolls.

Weed from la belle province

Cannara boasts of the biggest indoor cultivation facility in Quebec. It grows weed in the city of Farnham.

Previously, on January 8 this year, the company announced that it received approval from Health Canada to sell dried cannabis across the country.

Last summer, Cannara disclosed that will provide products to the Société québécoise du cannabis (SQDC). That’s the provincial Crown corporation that exercises monopoly on the distribution of recreational cannabis in Quebec.

“Given that our business operates in a market with limited competition due to high barriers of entry, we are confident in our ability to reach and best serve our end-consumer for the long-term,” Sosiak said in the February 25, 2021 release.

The SQDC opened its first stores and online site on October 17, 2018, the same day weed became legal in Canada.

In its latest announcement, Cannara talked up its three flagship brands. According to the company, the products come from cannabis “grown indoors in a controlled environment”.

Likewise, the buds were “hang-dried, slow cured in barrels and hand-trimmed to preserve the flower’s natural properties”.

Cannara’s shares began trading on January 14, 2019 at the Canadian Securities Exchange under the ticker name LOVE.

The shares were trading at $0.15 on February 25.

This week, CannCentral reported that consumers bought $2.62 billion worth of legal recreational cannabis products in Canada last year.

Follow Carlito Pablo on Twitter at @carlitopablo

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