The CBD sector is going to overshadow other areas of the cannabis industry, and a few companies are well aware of CBD’s huge potential. Pivot Pharmaceuticals just announced the expansion of its production facility, while Veritas Farms Inc (OTC:VFRM) continues to secure groundbreaking partnerships in the distribution network.
Pivot Pharmaceuticals Inc. announced on November 25 the commissioning of its production facility in Dollard-des-Ormeaux, Quebec, Canada. In addition to an R&D laboratory and pilot-scale laboratory, the facility will include a 43,000 square foot manufacturing and packaging facility designed to optimize production processes for the manufacture of value-added Pivot CBD and Nutraceutical branded products. The production is expected to commence in the next three months, once Health Canada has granted the license.
The construction of the modern facility is nearing completion and Pivot Pharmaceuticals is currently preparing to file site documentation, which is the final step in obtaining a Health Canada license. The infrastructure will be used to develop new formulations and produce Pivot product lines (CBD, phytocannabinoids and micronutrients) based on Pivot’s patented and proprietary drug delivery technologies.
About Pivot Pharmaceuticals Inc.
Pivot Pharmaceuticals Inc. is a scientifically oriented, innovative medical wellness company that provides its customers with high-quality prevention and self-treatment solutions. Using proprietary delivery technologies, Pivot has developed unique and proprietary pharmaceutical-grade products, including CBD products, phytocannabinoids and formulations derived from micro-nutrients.
These CBD-based products have a clear benefit for the user: they have a high absorption capacity, a low germ load and are easy to use. Pivot is ideally placed to strategically position itself as a leading brand in the main markets of Germany, the USA and Canada.
Veritas Farms’ focus on quality will place the company among the winners
The CBD sector is expanding at a faster pace than the cannabis industry as a whole, as lawmakers from several countries in Europe and the Americas are changing regulations toward the full acceptance of CBD-based products.
In the US, Veritas Farms Inc. (OTC:VFRM), a fully integrated agribusiness that focuses on producing high-quality CBD products, stands as a great example of how success can be achieved in this highly competitive sector. Veritas has its own state-of-the-art industrial hemp and manufacturing facility, located in Pueblo, Colorado, from where its nine product categories come from.
The company is paying great attention to the whole manufacturing process, and is offering transparency in a cannabis market that’s frequently too opaque. Veritas’ customers can check the quality of the CBD products they purchase on their smartphones, using an innovative QR code packaging that Veritas rolled out in April.
It is precisely the focus on offering high-quality CBD products that brought Veritas Farms the latest groundbreaking partnerships with the BI-LO and WinnDixie network of stores, which will feature Veritas’ products in 152 South-Eastern supermarkets.
This partnership builds upon Veritas Farms’ astounding distribution network, which encompasses more than 4,800 brick-and-mortar stores and online marketplaces, where customers can find Veritas’ CBD-based lotions, tinctures, gummies or vegan capsules.
The last few weeks were not very fortunate for the cannabis industry, and especially for the biggest companies in the sector, but a market rebound is likely to come soon. The long-term plans of established cannabis companies show a brighter future, while smaller caps continue their steady conquest of the cannabis market.
David Johnson is a respected writer known for his expertise in crafting compelling articles about cannabis. With a passion for exploring the intersection of cannabis, health, and wellness, he sheds light on the therapeutic properties and potential uses of this versatile plant. David’s in-depth analysis and thought-provoking commentary offer readers a deeper understanding of the evolving landscape of cannabis legislation, consumption methods, and industry trends.
