FinCanna Capital Corp, a royalty company for the U.S. licensed medical cannabis industry, announced today it’s first investment, Cultivation Technologies Inc., has achieved US$1 million in cumulative revenue since January 2018. Additionally, FinCanna announced previously this week CTI has expanded its network of dispensaries. The new dispensary network is now carrying Coachella Premium brand of cannabis concentrates and vape cartridges which features all the major concentrate types with an ongoing list of strains. President and CEO, Andriyk Herchak, said, “We are very pleased to see the sales performance of CTI which has translated into its first US$1 million in revenue at only a fraction of its capacity.” Currently, CTI is working to maximize the commercial potential of its extraction facility, which can process an estimated 6,000 pounds of biomass per month.
Hemp Land, Cannabis Hemp Blog, 09/21/2020 11:21:18
Open article: https://hempland.net/fincanna-flagship-investment-cti-reaches-first-1m-usd-in-cannabis-extraction-revenue/