Recently, Lifeist Wellness Inc provided an update on its Canadian cannabis business division, which includes its wholly-owned subsidiaries, Kanmat Ltd. and Kanmat Labs Ltd. (collectively referred to as "Kanmat").
CannMart is continuing to commercialize its in-house Roilty brand, with 22 SKUs available in markets across nine provinces and territories in Canada, including British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Prince Edward Island, Yukon, Northwest Territories, and Nunavut. Most Roilty-branded products are produced at a 6,000-square-foot BHO extraction facility located in Etobicoke, Ontario.
Ontario - CannMart has completed its first shipment of the Roilty brand's Crush dual packs in Ontario, bringing the total number of Roilty products available in the province to four. The Roilty Crush dual pack is the first of its kind in Ontario, containing half a gram each of Catacom Kush and Mountain Kush. The company also expects to receive purchase orders for three new Roilty products - the Life Resin dual pack containing Priest's Punch and Roil Purple Berry resin, the Vape expiry pack containing Hawaiian Thunder and Emperor Peach, and the Roil Wedding Crush 1g - which were specified in an official purchase notice received from the Ontario Cannabis Store (OCS) in September 2022. With the arrival of these products, CannMart will have a total of seven Roilty brand products available in Ontario, the most populous province in Canada, by the end of February 2023.
Alberta - CannMart has received a purchase order and a commitment to purchase all vape products from the Alberta Gaming, Liquor and Cannabis Commission ("AGLC") in September. The product release includes Roil Berry Live Resin Vape, Dragonfruit Distillate Vape, and Mountain Kush Crumble Vape. CannMart now has 15 Roil SKU's available in the AGLC market in Alberta.
In Alberta province, CannMart has received formal approval from AGLC to purchase THCa diamonds, marking the company's fourth product category. Upon receipt of the purchase order, CannMart will begin shipping, increasing the Royalty SKU count in Alberta province from 15 to 16.
Daniel Stern, the CEO of CannMart, has announced that their in-house brand, Roilty, continues to grow in popularity among consumers in Ontario and Alberta, Canada's two largest recreational marijuana markets, as well as across the country. Stern stated that the company is expanding their product offerings and packaging to further increase their market share. Roilty has also been nominated for three awards at the 2022 ADANN Awards, including LP Brand of the Year, Best Social Media, and Best Brand Marketing, which should help Roilty continue to grow its momentum. In Q3 2022, Roilty's revenue doubled from Q2 2022 to reach $3 million, a testament to the brand's strong performance and expanding product line in response to high demand from Canadian consumers.
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