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Friday, Dec 9, 2022
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Business

Former legacy brand Ghost Drops acquires cannabis processing facility in Ontario

In July this year Ghost Drops announced The League platform to propel legacy market players

Former legacy brand Ghost Drops acquires cannabis processing facility in Ontario
Photo via Ghost Drops

Ghost Drops has acquired a 10,000-square-foot production and processing facility in Ontario to help streamline its operations.

On Thursday, the former legacy brand said the acquisition will allow the company to continue to perfect its pot production with more control while setting up the brand to increase profit, gain market share and deliver good quality cannabis.

The acquisition will allow for more precise consistency and will manage the processing and distribution of on-demand retailer and consumer purchases while enhancing its brand house platform, The League.

In July this year Ghost Drops announced The League platform to propel legacy market players and bring them to a legal spotlight. The company’s goal is to bring as many legacy customers to the legal market.

Ghost Drops CEO Gene Bernaudo said the Ontario Cannabis Store (OCS) recently announced its transition to a flow-through distribution model and if Ghost Drops succeeds within it, it would mean controlling 100 per cent of manufacturing and distribution. 

“So, that’s what we’ve done. Securing this production and processing license gives us complete oversight of when our products are packaged and how they are presented to consumers,” Bernaudo added.

Ghost Drops also recently announced that its Slime bags are back in stock in Ontario.

Read more: Ghost Drops launches brand collective propelling legacy market players

Read more: Ontario edibles maker says legacy reputation has followed them to legal market

Bernaudo said the acquisition optimizes its operations for further growth and profitability. The company aims to own the beginning and end of its cannabis supply chain.

“The acquisition of this license serves to strengthen our position at the end of the chain.”

Former legacy brand Ghost Drops acquires cannabis processing facility in Ontario

Photo via Ghost Drops

 

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