On October 17, only dried and fresh cannabis, oil, plants and seeds were allowed under the cannabis legislation in Canada. The government has said edibles containing cannabis and cannabis concentrates should be legal on or before Oct. 17, 2019. The legal recreational cannabis industry is still only 7 months old, but even in this short time of sorting permits and licensing across provinces, several new products are starting to emerge in preparation for these new markets. I am sure every pastry cook or baker must be excited by this particular one, cannabis infused dark chocolate.

Indiva Limited (TSXV: NDVA | OTCQX: NDVAF) is a Canadian supplier of high quality, medical grade and adult-use cannabis. Their offerings include variety of cannabis products including dry flowers, oils and concentrates that are available at the Ontario Cannabis Store. Indiva will be offering edibles when legislation permits.

Indiva’s extraction operation update

Indiva has previously announced it is working with Lucid Lab Group to design, construct and commission an ethanol based extraction operation at Indiva’s facility in London, Ontario. Indiva reported that the design is now complete. The expected result is an annual biomass capacity of some 70 tonnes resulting in a distillate capacity of over 4 million grams. This extraction capacity also opens the door to the possibility of producing distillate for licensed third parties through partnerships or joint-ventures which could add a substantial revenue stream to Indiva’s business. Prior to the construction of the facility, Indiva signed a 3 year revenue sharing agreement with MediPharm Labs Inc., where Indiva would supply MediPharm with dried cannabis for the purpose of creating cannabis oil. By branching out into extraction in their own facility, Indiva may have positioned itself to better protect its margins throughout the life cycle of the marijuana industry.

Indiva’s 2019 plans