Stigma Grow acquires cannabis 2.0 sales licence from Health Canada

RED DEER — CanadaBis Capital Inc.‘s subsidiary, Stigma Grow has secured its federal licence to cultivate and process from Health Canada under the Cannabis Act, and can now sell their expanding lineup of first-to-market hydrocarbon cannabis concentrates directly from its 66,000 square foot cultivation facility in Red Deer, Alberta.

Securing their sales licence for concentrates was the final step in being able to now facilitate all aspects of cannabis concentrate production from cultivation to processing, packaging and shipment.

“We are thrilled to finally be in control of our own destiny,” said Travis McIntyre, CEO of CanadaBis Capital Inc. “For the past few months, we have relied on our third-party partners to provide a path to market and a house within which we could thrive at a crucial time in our evolution. To that end, we are eternally grateful to CannMart Inc and Namaste Technologies for their assistance when we needed it most! We look forward to continuing this rare and valued relationship in a variety of ways across our multiple pillars of business.”

CanadaBis also announced that Shane Chana, CPA, CA has been appointed as Interim Chief Financial Officer. Mr. Chana was elected a director of CanadaBis in January 2020 and has served as the Chief Financial Officer of Centerfire Energy Group since 2016, which is an oilfield service group located in Fort McMurray, Alberta. Prior to this, he worked at MNP LLP, a Canadian national public accounting firm from 2009 to 2016 as a Senior Manager. Mr. Chana holds a Bachelor of Commerce degree from the University of Northern British Columbia and obtained his Chartered Accounting designation in 2012.

At present, Stigma has signed agreements with several LPs to conduct concentrate manufacturing on their behalf, and currently hold POs for provincial channels scheduled for a second-quarter delivery of high-quality, terpene-rich, badder, live res budder and live res caviar.