Edibles And Infusions Corp (EIC), a subsidiary of Agraflora Organics International Inc (OTCMKTS:PUFXF),has taken over Winnipeg, Manitoba based 51,500 Sq. Ft. manufacturing facility. The company expects to complete the facility upgrades such as electrical, mechanical, architectural, and security retrofits by September 2019 and comply with Health Canada regulations. Agraflora has a stake of 80% in EIC.
Revenues of over $750 million
EIC expects to generate revenues of over $750 million per annum when the facility becomes operational in Q1 2020. The company would distribute the products through existing distribution channels in 20,000 locations that comprise Wal-Mart and Costco.
EIC already have several hundred SKUs in production. It benefits from experienced confectioners and chocolatiers, established supply chain management infrastructure, and industry relationships.
Automated manufacturing line
EIC expects delivery of automated depositing and manufacturing line in Q1 2020 for toffee, chocolate, CBD infused gummies, hard candy, and caramel. The company expects the completion of product development and R&D Lab for turnkey and pharmaceutical grade edibles by August 2020.
EIC expects the receipt of sales and processing licenses from Health Canada by Q1 2020. The company would engage cannabis license experts and 3 Sixty Risk Solutions Ltd for expediting applications. It will also use these two firms for developing SOPs (standard operating procedure).
EIC is in advanced negotiations for the development and contract manufacturing of CBD edible confections with Tier 1 licensed producers in Canada. It is also negotiating for securing national listings for cannabidiol infused foods in retail locations and major groceries.
Following the receipt of a license from Health Canada, EIC will engage in the production of terpene and CBD infused products for functional, medicinal and adult use. Its product line comprises caramels, toffees, gummies, gum, baked goods, glazed pecans, cheese biscuits, caramel popcorn, cocoa cookies, salty pretzels, CBD infused pet products, and powdered drinks.
Guidance for AAA Heidelberg facility
Agraflora has issued operating guidance for its wholly owned AAA Heidelberg facility for Q3 2019 to Q4 2020. The company expects to receive an export license, sales license, and processing license from Health Canada. It expects fully optimized production facilities with capabilities of circa 1 million grams of dried craft cannabis flower.