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Saturday, Jul 2, 2022
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Business

Cielo Verde cannabis products now available in Quebec

Three of the cannabis producer’s products are now available at the province-run Société québécoise du cannabis (SQDC)

Cielo Verde
Photo via Cielo Verde

After launching last year, Quebec-based cannabis producer Cielo Verde Inc. has expanded its retail offerings as it ramps up production capacity.

On Thursday, the company announced that three of its premium-quality cannabis products are now available at the province-run Société québécoise du cannabis (SQDC).

All three products, sold in dried flower form in 3.5-gram size under the brand name Bud Lafleur, were available online as of mid-May 2022, with one product also available in stores.

Read more: Rose LifeScience expands partnerships with Quebec craft cannabis producers

Read more: Quebec will require vaccine passports to buy cannabis and alcohol

Cielo Verde’s two indoor production facilities — acquired from Aurora Cannabis Inc. (NASDAQ: ACB) (TSE: ACB) in June 2021 — have more than 100,000 square feet of combined cultivation space. The acquisition positions Cielo Verde as one of Quebec’s largest indoor producers of premium-quality cannabis.

“‘Since its inception in 2021, Cielo Verde has worked with rigour and expertise to develop and market premium quality cannabis products. To do so, a partnership with SQDC was essential, and we’re very happy to have gotten there. I see this as the first step in a series of great things to come,” Cielo Verde CEO Barry Laxer said in a statement.

Cielo Verde utilizes agricultural and HVAC engineers, plant pathologists, horticulturists and legacy market cultivators to produce cannabis, focusing on the premium market.

Read more: Tetra Bio-Pharma to receive $4.5M loan from Quebec government

Read more: SQDC employees strike because of low wages, poor working conditions

With its two facilities, Pointe-Claire and Lachute, Cielo Verde has an annual production capacity of approximately 10 tons spanning 100,000 square feet of indoor growing with another acre of outdoor cultivation capabilities.

Founded in 2021, the privately held company has been fully licensed since August 2021, with all necessary licenses for processing, growing, medical sales, recreational sales, and Cannabis 2.0 sales.

 

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