This factory in Canada plans to make 400 million cannabis gummies a year
A manufacturer based in Edmonton, Alberta is set to be the largest producer of THC-infused gummies in the country, and the company recently signed a letter of intent with its first international partner.
Dynaleo, part of Canopy Rivers' portfolio of cannabis companies, completed the first phase of its high-volume manufacturing facility back in October.
Now, a little over a week after the company received its Standard Processing License from Health Canada, Dynaleo is partnering with California-based Pantry to help bring cannabis candy to adults across Canada while waiting for its sales license.
The Team at @DynaleoInc is pleased to announce that today we received our Standard Processing License from Health Canada! Congratulations to our team members and strategic partners!— Dynaleo Inc (@DynaleoInc) June 19, 2020
"We are pleased to have entered into a non-binding Letter of Intent with Pantry, a premium cannabis-infused food brand. This agreement complements our already existing relationships with cannabis brands in Canada," said Executive Chairman Michael Krestell, in a news release.
"Pantry's focus on quality products made with natural ingredients fits perfectly with our own commitment to manufacturing gummies that are of the highest quality."
The agreement states that Dynaleo will manufacture and distribute cannabis-infused vegan gummies under the Pantry brand within the Canadian market.
Back in October, Dynaleo said in a press release that their entire 26,000 square foot facility was on track to be completed in January 2020.
#Edibles are here!!! HAPPY 2.0!!! pic.twitter.com/Oq3AXrl1D2— Dynaleo Inc (@DynaleoInc) October 17, 2019
"At full capacity, we will be capable of producing in excess of 400 million individual CBD and THC infused gummy pieces per year in virtually any shape, size, consistency, and flavour," said Dynaleo COO and co-founder Jeff Salzsauler at the time.
Now, the company says production on the Pantry-branded vegan gummies is expected to begin later this year at the facility, which is the first industrial-scale and purpose-built high-volume cannabis edible factory in Canada.
Sneak preview of the innovation centre work being done: creating new recipes, flavours, textures in preparation for large-scale production. pic.twitter.com/LwurkckrCH— Dynaleo Inc (@DynaleoInc) February 12, 2019
"Solid edible products, led by gummies, currently comprise more than 90% of the top-selling infused products," notes the press release.
"Deloitte estimates that Canada's edibles market is worth $1.6 billion annually, while Arcview Market Research and BDS Analytics predict that the North American edibles market will be worth more than $4.1 billion by 2022."
Join the conversation Load comments