Canada’s Cannabis Industry Sales Expected to Run from $3.1 Billion to $10.1 Billion by 2025

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The cannabis boom is thriving in Canada. So much so, the industry is expected to balloon from $31.5 billion in 2020 revenue to $10.1 billion by 2025. Helping, sales growth for vape pens is expected to run from 3.9% in 2019 to more than 18% by 2022. Edibles are expected to increase from 1% sales growth to 9%, as topicals run from 0% to about 1%. In addition, sales are seeing higher highs. In June 2021, Canadian cannabis sales were up 59% in June to $319 million. That was after 68% cannabis sales growth for May 2021. One of the companies benefiting from that wild growth is Ayurcann Holdings Corp. (CSE: AYUR)(FSE:3ZQ0), a leading post-harvest solution provider with a focus on providing. and creating custom processes and pharma grade Products for the adult use and medical cannabis industry in Canada.

In addition, some of the other cannabis stocks you may want to keep an eye on include Kiaro Holdings Corp. (TSXV:KO)(OTC:KIARF), Auxly Cannabis (TSXV:XLY)(OTC:CBWTF), Entourage Health Corp. (TSXV:ENTG)(OTC:ETRGF), and Canopy Growth Corp. (NASDAQ:CGC)(TSX:WEED).

Ayurcann Holdings Corp. Entering Saskatchewan with National Cannabis Distribution

Ayurcann Holdings Corp., a Canadian cannabis extraction company specializing in the processing of cannabis and hemp for the production of oils and various derivative product, is pleased to announce that it has entered into an exclusive wholesale distribution and supply agreement with National Cannabis Distribution, a wholly-owned subsidiary of Kiaro Holdings Corp. (TSXV:KO), for the Province of Saskatchewan.

Under the terms of the agreement, NCD will act as the exclusive provincial wholesaler and distributor for Ayurcann and/or its intermediaries to authorized private retailers in the Province of Saskatchewan for an initial period of two (2) years. The supply agreement will initially encompass Fuego and Vida branded products and will be amended to include new product offerings as they become available and approved for sale in the Province of Saskatchewan.

“Unlike many other Canadian provinces, Saskatchewan has a unique private wholesale and retail cannabis distribution model,” stated Ayurcann CEO, Igal Sudman. “Our partnership with NCD provides us with a clear route to market and is a strong endorsement of both Ayurcann’s approach and product offering. We are very pleased to be working with an organization such as NCD. Ayurcann is working to further expand our distribution network and introduce more consumers to our brands of premium cannabis products.” concluded Mr. Sudman.

“National Cannabis Distribution is focused on curating the best assortment of products for our retail partners, and we look forward to offering the Ayurcann product lines to theSaskatchewan marketplace,” stated NCD General Manager, Brent McFadzen.

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