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BC Micro Cannabis Development Start-Up Announces First to Market with Craft Cannabis Industrial Park

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With municipal approval granted to develop a property in Prince George, Cannabis West Development Corporation (CWDC) announced it is launching the first in a chain of craft cannabis industrial parks in Canada.

“Focused specifically on the craft cannabis industry here in BC, these parks will become home to the thousands of craft cultivators and master growers transitioning to the new compliant state under the federal government’s move to legalize cannabis last October,” says CWDC CEO Sean Maloney.

“CWDC believes that the real production capacity and cultivation expertise of the Canadian cannabis industry is held by the craft cultivators who have been growing the world’s best quality premium flower product,” says Maloney. “Master growers know how to produce the quality product required to meet market demand. Experienced cultivators here in B.C. have worked for decades perfecting their craft product.”

There are an estimated 17,500 micro cannabis cultivators in BC alone.

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Maloney is confident that CWDC’s craft cannabis business model will thrive in their industrial park design, enabling craft cultivators to compete with any Licensed Producer in the country.

“Our model will provide access to state-of-the-art facilities, industrial load infrastructure, energy and various other efficiencies through bundled services such as security and technical support,” he says.

“We pull together expertise in everything from HVAC technology to federal licensing and compliance support. Our collective efforts are entirely focused upon supporting the craft cannabis cultivator.  Our business eco-system encourages cultivators to maintain their intellectual property and build their brand.”

Operating within the CWDC business model, competent cultivators should expect a ROI within nine to twelve months, with annual sales estimated to be between $6-7 million.

“Our corporate mantra is ‘For Cultivators, By Cultivators’,” Maloney says.  He often hears of craft producers being solicited to secure long-term supply agreements to provide world-class product at discounted price points. “At CWDC our goal is to work with cultivators to support their passion. All craft cultivators are advised to seek legal advice before signing a deal that would see their valuable IP and brand discounted and white labeled.”

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Zoning for the Prince George site that will be the location of CWDC’s first industrial park was approved by the municipal council April 8, following a public hearing earlier in March.

Maloney says CWDC is receiving tremendous response from local governments who value the compliance, transparency, and public safety aspect of CWDC’s planning efforts.

“Municipalities are keen to see brownfield industrial sites redeveloped to provide valuable good jobs and new sources of municipal revenue. Meanwhile, craft cannabis cultivators and entrepreneurs yearn for the opportunity to bring their world class product to the legitimate space. Positive feedback from the craft cannabis cultivator community has been overwhelming.”

Founded in 2018, CWDC is a privately held, integrated niche market development company, delivering real estate solutions and professional services to the micro cannabis industry.

SOURCE Cannabis West Development Corp.

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Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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