The OMRI Listed miticide, insecticide, and fungicide contain active ingredients from nature that are scientifically proven to kill powdery mildew, spider mites, russet mites, thrips, aphids, and other soft-bodied insects as well as their eggs on contact. The grand jury gave the Public Works and Planning and Building Departments 60 days to respond to its recommendations, while the Board of Supervisors has 90 days to respond, according to the Times-Standard. Village Farms continues to service its customers amid uncertainty and disruption linked to COVID-19 and is actively managing its business to respond to the impact. All Rights Reserved. All Rights Reserved. Sales increased 19% to $41.4 million; and adjusted EBITDA was negative ($6.2 million). With our Canadian Cannabis business continuing to grow sales and market share domestically, we look forward to capitalizing on Pure Sunfarms' recent EU GMP certification to commence exportation to international markets. The active ingredients in the highly effective FIFRA 25(b) formula are thyme oil, rosemary oil, clove oil, and peppermint oil. Total Cannabis segment net sales increased 65% year-over-year to $28.8 million, representing 41% of total Village Farms sales; and. Goldberg is responsible for appointing Hoffmans successor, who must have corporate management, finance or securities experience, the news outlet reported. Credited with producing some of the most influential genetics in modern cannabis including Sunset Sherbert, Mochi, and Bacio Gelato, this partnership with Final Bell will expand the brands availability into new markets. The grand jury released a report May 8 that summarizes the countys cannabis licensing process and issues seven recommendations for Humboldt Countys Public Works Department, Planning and Building Department and Board of Supervisors to change it, according to a Times-Standard report. She also participated in Massachusetts initial efforts to implement the states adult-use cannabis law, which voters approved in 2016. The report recommends that the Board of Supervisors approve funding for the Planning and Building Department to upgrade Accela, the countys online permit submission system, to ensure that applicants can complete the application and pay the associated fees online, the Times-Standard reported. "As our Cannabis operations continued to deliver strong growth and profitability, Village Farms Fresh (Produce) faced one of the most difficult macro environments in its history. We offer access to independent lab testing, acertificate of analysis on each of our formulas and all state registrations to help you make the best choices to protect your grow operation., The leading business magazine for the legal cannabis industry. For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the call. In Quebec, we estimate that Rose is now a top three Licensed Producer by sales following strong market share gains since retail launch early last year. *Based on OCS market data for the quarter ended March 31, 2022 and sales information provided by Buddi retail store data from over 300 retailers across Alberta and British Columbia as of March 31, 2022. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); In sending your photos and stories you agree to our terms and conditions. Village Farms' management team will host a conference call today, Tuesday, May 10, 2022, at 8:30 a.m. "In what is a typically soft season for retail sales in Canada, both Pure Sunfarms and Rose gained share in their respective focus markets, and delivered a 14th consecutive quarter of positive adjusted EBITDA for Canadian Cannabis. A detailed discussion of our consolidated and segment results can be found in the 10Q MD&A on the Village Farms website under Financial Reports (https://villagefarms.com/financial-reports/) within the Investors section. Kim oversees the Alcoholic Beverages Control Commission and serves as general counsel to the Treasury, the news outlet reported. Use for all plants and trees: vegetables, fruits, flowers, ornamentals, trees and shrubs.

The cannabis companies have entered into an agreement combining their expertise, ambitions and end-to-end supply chain scalability to expand into new markets. The grand jury also recommended that the Public Works Department determine the funding needed and submit a budget request to build out Accela modules for Planning and Building Department referrals for (1) encroachment permitting, (2) legal document review, (3) map review, (4) a drainage fee calculator, (5) encroachment violation and tracking, (6) reporting tools for each module and other modules determined to be necessary, according to the news outlet. 2022 Earth's Ally. The integration of Balanced Health into the Village Farms family is progressing very well and confirms our belief in both the potential within the existing cannabinoid business and the significant near- and long-term opportunities in both the low-THC and high-THC product categories. The Massachusetts Cannabis Control Commission (CCC) recently underwent a change in leadership, with former Chairman Steve Hoffman resigning and Deputy Treasurer Sarah Kim appointed as the interim chairwoman. "Our U.S. Cannabis segment delivered a solid performance, highlighted by a strong gross margin and positive adjusted EBITDA contribution. Marijuana Venture is the leading B2B monthly publication for the cannabis industry. The telephone replay will be available until Tuesday, May 17, 2022 at midnight (ET). Final Bell enables cannabis brands to seamlessly enter new categories and markets, allowing them to scale while eliminating key risks to expansion. Chairman Hoffmans contributions over the past four and a half years were integral to the growth and maturation of the commission and the legal cannabis industry in Massachusetts, a CCC spokesperson told WBUR. stores nationwide. Marijuana Venture 4000 Airport Way S. Seattle, WA 98108, @2020 - All Right Reserved. "Crop Defender 3 is an exceptional product for controlling common cannabis pests.
Pure Sunfarms' products continue to resonate with consumers, as our continued focus on quality, innovation and new product launches strengthen what has become one of the most respected and trusted brands in the Canadian market. Developed with active ingredients from nature, Growers Ally formulas are OMRI Listed for use in organic gardening. The report also recommends that the Planning and Building Department act on all interim cannabis permits in Humboldt County upon receiving notice of the state provisional licenses approval or denial, the Times-Standard reported. SHERBINSKIS will utilize Final Bells end-to-end solution to quickly bring its product to new audiences while maintaining the quality and experience their customers demand. The Company's financial statements for the three months ended March 31, 2022, as well as the comparative periods for 2021, have been prepared and presented under United States Generally Accepted Accounting Principals ("GAAP").
Total Cannabis segment adjusted EBITDA increased 9% year-over-year to $2.7 million. Reconciliation of Net Income to Adjusted EBITDA. Proudly made in the USA and sold at stores nationwide. A key component to our continued success is ensuring were offering our discerning customers consistency and quality every time they interact with our brand, said Mario Guzman, founder of SHERBINSKIS. This outbreak continues to cause major disruptions to businesses and markets worldwide as the virus continues to spread. This partnership solidifies a long-standing relationship, born from a shared vision to provide a consistent, high-end cannabis brand experience that begins with incredible product.. Rose is well positioned to continue this momentum throughout 2022, further benefitting from the many opportunities for collaboration with Pure Sunfarms. In March 2020, the World Health Organization declared the outbreak of the COVID-19 virus a global pandemic. It is trusted by large-scale growers for use in the vegetative and flowering stages and suitable for all grow environments and cultivation facilities. Have you picked up a copy of the June 2022 Issue, Every year the Marijuana Venture staff compiles a, Looking forward to celebrating the sun and craft c. Have you picked up a copy of the March 2022 Issue, Register for our first-ever webinar: Cannabis Secu, We all know what a pretty flower looks like, but h, Building the Empire is an ongoing monthly section, Don't forget to pick up a copy of the February 202, OKLAHOMA is next up in Marijuana Ventures ongoi, CannaTech Corner First Look: Purple Fog, Land use codes turning dream into nightmare. The foliar spray can be safely applied up until the day of harvest, leaving behind zero pollutants. SARASOTA, Florida, May 10, 2022 - PRESS RELEASE -Grower's Ally, a producer of safe and effective pesticides for cannabis and hemp, announced the release of its newest addition to the Grower's Ally product family. We caution that our results of operations for the three months ended March 31, 2022 and 2021 may not be indicative of our future performance, particularly in light of the ongoing COVID-19 pandemic. Our Response to the Ongoing Coronavirus Pandemic. Canadian Cannabis net sales increased 25% year-over-growth with a gross margin of 34% (within the Company's stated target range) and adjusted EBITDA of $2.1 million (C$2.7 million). ", DeGiglio concluded, "Consumer takeaway trends during the first quarter further validated our brand and cultivation strategies. The integrations of Balanced Health Botanicals (acquired in the third quarter of 2021) and Rose LifeScience (acquired in the fourth quarter of 2021) are proceeding well. Participants can access the conference call by telephone by dialing (416) 764-8659 or (888) 664-6392, or via the Internet at: https://bit.ly/3LwGlTM. Final Bell brings best-in-class industry know-how in extraction, manufacturing, logistics and scalability to help carry our vision forward to a much wider audience of cannabis connoisseurs.. That obviously goes for our cannabis but also the hardware and packaging we put it in. We remain focused on seizing opportunities to continue to deliver top-tier profitability and market share in the high-growth global cannabis market. Goldberg will accept applications for Hoffmans replacement until June 4, The Daily News reported. Having previously worked alongside Sarah, I know she will instantly hit the ground running and add tremendous talent to our dynamic team, CCC Executive Director Shawn Collins, was a senior aide to Goldberg before his role with the CCC, told The Daily News. "We committed to launching a 3-in-1 product that makes no compromises," said Scott Allshouse, Grower's Ally CEO and president. In addition, the grand jury recommended that the Planning and Building Department provide instructions for the public to search a location without creating an Accela account or contacting department staff, according to the news outlet. Designed and Developed by. A new generation of disease control formulated from citric acid, Earth's Ally Disease Control is a fungicide and bactericide that leaves no harmful residues and can be used up until day of harvest. Host of @theradexpo @interchange_mv #legalweed. The Humboldt County Civil Grand Jury has recommended tweaks to the California countys cannabis permitting process. The Planning and Building Department should also notify applicants of the corrective actions required to get their applications approved for applications pending more than 30 days, according to the grand jurys recommendations, and by Dec. 31, Public Works employees should verify that a roadway that is part of the permitting application meets the applicable requirements, the news outlet reported. Cannabis Business Times interactive legislative map is another tool to help cultivators quickly navigate state cannabis laws and find news relevant to their markets. The agency thanks the chair for his commitment to ensuring a safe, effective and accessible marketplace in our state.. Consolidated revenue increased 34% year-over-year to $70.2 million; the company's net loss of $6.5 million is primarily due to inflationary pressures on produce business. Hoffman, a retired business executive and former Bain and Company partner, was appointed as chairman in 2017 by Massachusetts Treasurer Deborah Goldberg, according to the news outlet. The grand jurys assessment and recommendations are aimed at addressing the more than 900 cannabis-related permit applications that were pending in Humboldt County as of January, according to the Times-Standard.