Molecule’s primary business model involves working with third party craft beverage producers who do not hold the requisite licences to produce cannabis-infused beverages.
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I’m Cassandra Bolinski for Investmentpitch Media
Molecule Holdings is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “MLCL”, following its reverse takeover with Everton Resources, which previously traded on the TSX Venture Exchange.
Molecule’s primary business model involves working with third party craft beverage producers who do not hold the requisite licences to produce cannabis-infused beverages.
On February 28, 2020, Health Canada granted Molecule a standard processing licence authorizing the company to possess cannabis, produce cannabis, other than obtaining it by cultivating, propagating or harvesting it and to sell cannabis.
This Licence is good until February 2023.
The company’s services will include working with its customers to formulate non-alcoholic, cannabis-infused beverages, producing, infusing and packaging the beverages at its facility under the customer’s brand, and distributing and selling the finished product to the provinces through their respective cannabis retail programs with the support of the branding and marketing efforts of the Molecule Customers.
The process involves taking highly filtered, purified water, controlling for oxygen and dissolved gases, flavouring and processing in small craft batches, following highly specific dosing protocols to ensure specific quantities of infused cannabis, and canning, packaging and labeling to ensure compliant, shelf-stable products.
It is anticipated that sales will initially begin in Quebec and Ontario and within 6-12 months expand to the rest of Canada.
The company’s facility, located in the Thousand Islands region of Ontario, a few hundred metres from the 401, and only 1 kilometre from the US border, is strategically placed to be equidistant from Montreal, Toronto and Ottawa, 3 of the larger fully legal cannabis markets in the world.
Phil Waddington, President and CEO, stated: “The coordinated, sustained effort of the entire
Molecule team is focused on creating high quality, cannabis-infused, craft beverages. For us, craft is defined by people who are passionate about their products, and who make bold statements that are preferred by people who are selective in the choices they make. We are excited to obtain this listing, as it represents another milestone on our path to achieving this collective goal.”
The shares are trading at $0.08.
For more information, please visit the company’s website www.molecule.ca, contact Andre Audet, Co-Founder and Chairman, at 888-665-2853 ext 101 or by email at andre@molecule.ca.
I’m Cassandra Bolinski for Investmentpitch Media
