Blockchain
Token Naturals rewarded Standard Processing Licence for cannabis from Health Canada
Token Naturals Ltd. (“Token Naturals“, “Token”) has announced that on April 9th Health Canada issued the company a Standard Processing licence. The privately-owned company is now fully licensed to extract and process cannabis at its central Edmonton manufacturing facility. Token Naturals plans to supply extract and derivative products in wholesale to licensed cannabis producers and direct to consumers through licensed cannabis retailers. Token’s facility was built as an efficient and adaptive processing space, designed with the goal to operate at industry-leading efficiencies and margins. The company intends to submit a Sales Licence application immediately to provide more robust services to their partners.
Token offers private label manufacturing of cannabis and is currently equipped to produce oils, tinctures, topicals, rosin, vapes and edibles. The company is now commercializing the formulations they have been conceptually developing for partners’ products and for Token’s own branded lines. Token is currently in talks with a licensed third party to utilize their sales amendment. This agreement would allow Token to sell their own and their partners’ products directly to distributors and retailers in order to get products to consumers more swiftly.
“We’re looking forward to a new wave of the cannabis industry, one that is more accessible to participate in, more transparent and more responsible in the long term. There is the space and the opportunity to do business differently than we saw in the early days of legalized cannabis,” says Keenan Pascal, founder and CEO of Token Naturals. “Many producers now need outside solutions for their cannabis manufacturing, whether that’s because they want to focus on growing great flower or they don’t have the space and capacity in-house. We’re providing customers with a wider range of product formats, and we are doing so with a diverse workforce and a different way of thinking about the industry: looking at the long term.”
Token is minority-led and majority owned by shareholders who identify as visible minorities and/or women. As the most centrally located cannabis facility in Edmonton, Token is also the closest licensed manufacturer to Alberta’s cannabis distribution board, AGLC.
The licence currently allows for manufacturing in the first phase of Token’s facility which occupies 8,300 square feet of the larger building. While concurrently manufacturing in their licensed phase one space, Token will develop an additional 13,500 square feet holding extraction, storage and laboratory spaces. Phase two, which is expected to be completed in early 2022, will hold a proprietary, continuous throughput cryo-ethanol extraction system that is fully process-engineered. This system has the power to collect a higher yield from biomass, which results in higher output, higher margins and less waste without compromising on quality and purity.
In addition to providing white-label manufacturing, Token plans to release their own consumer line of cannabis products. They are now preparing to enter the market with THC and CBD drink shots, complimenting the increasingly popular beverage additives space. The decision to enter both the B2B and B2C markets was an intentional exercise to provide the best possible service to manufacturing partners. By operating in both, Token can pass their experience bringing products to market on to their partner brands.
Token’s team brings unique experience and success in the consumer packaged goods space. The company also manufactures and distributes Token Bitters, a line of cocktail bitters sold across Canada and exported to Asia. Token Bitters is Alberta’s leading bitters brand and the company will rely on this key network and brand expertise to launch their cannabis products.
Blockchain
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Blockchain
DeFi Technologies’ Wholly-Owned Subsidiary Valour Inc., Bitcoin Suisse AG, and STOXX Launch the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP
DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (NEO: DEFI) (GR: MB9) (OTC: DEFTF), a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi”), is pleased to announce that its subsidiary, Valour Inc. (“Valour”), a leading issuer of exchange traded products (“ETPs”) that provide simplified access to digital assets, has partnered with Bitcoin Suisse AG, and STOXX in launching the innovative 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP. This pioneering product marks a significant step forward in the digital asset market, providing a diversified investment approach to the top blue-chip digital assets in a simple and secure manner.
This new ETP is built upon the existing partnership between Valour and Bitcoin Suisse AG (“Bitcoin Suisse”), initially formed to develop Exchange Traded Products (ETPs) backed 1:1 by digital assets. This collaboration has been leveraging the unique capabilities and extensive expertise of both Valour and Bitcoin Suisse in the digital asset market. The primary focus of their joint efforts is to launch, list, operate, and distribute ETPs in both the international and Swiss markets. Swiss crypto-finance and technology pioneer Bitcoin Suisse, with its established brand recognition in the crypto assets sector, complements Valour’s role as an issuer of ETPs and provider of an exchange listing platform for digital assets.
Andrej Majcen, Chief Executive Officer of Bitcoin Suisse, commented “With this index based ETP, we are excited to be able to offer the possibility to passively diversify into the digital asset market. Our goal is to enable investors to make more informed investment decisions by providing them with professional tools in a maturing market. The Blue-Chip Index is derived methodically from a systematic rule set, making digital asset selection for portfolio diversification more accessible and less complex. Once more, Bitcoin Suisse continues to demonstrate its strength as a pioneer by delivering the first leading smart beta investment product for digital assets. With a rule based asset selection, the Blue-Chip Index is Europe’s first investment alternative to pure top market cap crypto asset strategies. We are proud to collaborate with well established and trusted partners in the global financial markets for the launch of this innovative product.“
The 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP is uniquely structured to track the performance of the STOXX Digital Asset Blue Chip X Index. This index offers exposure to leading assets within the broader STOXX Digital Asset Blue Chip Index, specifically those trading on Xetra. The ETP employs a rule-based passive index methodology, meticulously designed to encompass a comprehensive spectrum of the cryptocurrency market.
Assets are classified into sectors such as Cryptocurrency, General Purpose Smart Contract Platform, Decentralized Finance (DeFi), Utility, and Culture, using the Bitcoin Suisse Global Crypto Taxonomy (GCT). The selection of assets is based on a rigorous multi-step process aimed at identifying the most influential and representative assets in each sector. This selection is re-evaluated quarterly, ensuring the ETP remains reflective of the dynamic digital asset market.
“With a maximum weighting limit of 30% for each underlying crypto, the new 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP serves as the perfect tool for entering the crypto world with just one position in your portfolio,” adds Marco Infuso, Chief Sales Officer at Valour. “It can be used as a kind of satellite approach in an institutional portfolio and is ideal as a monthly savings plan solution for retail customers.”
This ETP is the result of a synergistic collaboration between Valour, Bitcoin Suisse, and STOXX, each bringing unique strengths to the table. Valour provides its proven expertise in ETP issuance, Bitcoin Suisse offers its deep-rooted experience in the crypto-finance and technology domain, and STOXX contributes its renowned capabilities in index creation and management.
The post DeFi Technologies’ Wholly-Owned Subsidiary Valour Inc., Bitcoin Suisse AG, and STOXX Launch the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP appeared first on HIPTHER Alerts.
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