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Cannabis + Cider

Kelowna-based cannabis extraction company, Valens GroWorks, has bought a cider company in Ontario.

Valens purchased Pommies Cider Co., located near Toronto in Caledon, Ont. The deal is worth up to $7.5 million.

"We are thrilled to add Pommies to our growing Canadian platform," says Valens CEO Tyler Robson.

In Canada, retail alcohol sales were about $24 billion in 2018, says Robson. Cannabis drinks will be a major disrupter to that market.

“Adding the Pommies facility and team to our platform gives Valens the tools and expertise needed to bring competitive beverage alcohol substitutes to market and capitalize on this massive market opportunity."

The purchase speeds up Valens' commercial-scale entry into the high-growth beverages and edibles market in Canada. And it adds more white label product offerings.

Ontario being Canada's most populous province (and currently the largest market for legal cannabis consumption) makes this a strategic geographical move for the Okanagan company.

Pommies’ owners to stay on
Valens will continue to employ Pommies' former owners, Nick and Lindsay Sutcliffe.

"Nick and I are very proud of the role we played in the growth of the craft cider industry in Ontario," Lindsay Sutcliffe told CaledonEnterprise.com.

"We are thrilled with this next step to have the opportunity to play a part in building the infused cannabis beverage category with Valens GroWorks."

They’ll continue to produce their products and guide Valens in the transition of some of their facilities. Lindsay will be head of sales for beverages, while Nick will be head of business development for beverages.
 
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Best buds in show

San Raphael ’71 dominated the flower category at this year’s Canadian Cannabis Awards.

Its Tangerine Dream won top sativa, while its Pink Kush took top indica honours.

Vancouver Island’s Broken Coast Cannabis won for top hybrid, while its Galiano, Quadra and Gabriola strains were finalists in their respective categories.

Edison, Aurora and Canna Farms also earned finalist spots.

For the full list of winners, including Keystone Labs which won Top Testing Lab and Valens which won Top Extraction Company, click here.

The winning people, brands and organizations are determined by a panel of expert judges, while the top products are chosen by consumers who submit receipts to validate their votes.

The awards cover 32 categories.

Lots of great photos of the black-tie gala here.
 
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Quick hits

True Leaf for sale
The True Leaf Cannabis Campus facility in the North Okanagan is listed for sale. The company is seeking a joint-venture partner in the listing.
 
Spiritleaf well rooted
Inner Spirit Holdings is leading the Canadian cannabis retail industry with 37 Spiritleaf stores now open, including two in the Okanagan.
 
No canna do
BC has no plans to lift its ban on places where people can go to consume cannabis, despite its negative impact on tourism.

Dad jokes

The average person is really mean.
 
What do you call a nervous javelin thrower?
Shakespeare.
 
Sweet dreams are made of cheese.
Who am I to diss a brie?
 
My friend and I just started a business where we weigh tiny objects.
It’s a small scale operation.
 

We’re proud to present our first edition of the oz. magazine.

It’s filled with smart content, snarky comment and fluffy fluff.

Download it here.

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PO Box 41080 Winfield South | Lake Country BC | V4V 2L9
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