Canadian Company”Instadose” Becomes The World’s Largest Producer of CBD Oil

Canadian Company”Instadose” Becomes The World’s Largest Producer of CBD Oil

TORONTO, Dec. 19, 2018 /CNW/ – Canadian based company Instadose Pharma Corp..  Is now the largest cultivator and pharmaceutical manufacturer of CBD oil.

Through international partnerships, Instadose’s territory under cannabis cultivation is over 100,000 hectares, producing CBD Oil that is GMP certified and pharma grade 99.7% CBD. The company has a manufacturing capacity of 2,000,000 litres each year and production cost, less then 5% of the Canadian industry average.

The company will release oil that’s the highest quality in the world market at a price that devaluates the entire index in Q1 2019. What then will happen to all the licensed producers in this sector?

The main production facility is not just GMP certified but pharmaceutically licensed with EU Pharmacopeia standards. The leaders in the industry cannot produce the oil in any other areas at this price. Instadose Pharma Corp. can be situated in Colombia, Argentina and Chile; however, the perfect cost of producing and growing cannabis in the Democratic Republic of the Congo makes South America non-competitive.

This is a disruptive flow into the cannabis sector regarding prices and oil production. Our production and facilities will increase accordingly as the world market and prices dictate. We’re selling our oil with off-take agreements worldwide including Canada, with the first release of 90,000 litres and are currently in talks with major pharmaceutical companies such as Bayer. I have great concerns about the reaction of the news with licensed producers and the public investment sector. ” stated Grant F Sanders, CEO, Instadose Pharma Corp

“The Canadian cannabis industry has been constructed in a bubble where the economics are a fallacy. Everything relies on supporting a cost base of $2800/kg for CBD oil. Meanwhile international forces outside of the bubble have brought that cost down to $102.50. In the past month I have been in discussions with pharma companies to take our production and deliver it to market internationally.  Our initial crops hit the markets just a few months from now. It’s time for the market to take the blinders off and see that significant disruption is coming. ”

© 2018 Groupe CNW Ltée, tous droits réservés

Featured picture courtesy of Greencamp.

Published at Thu, 20 Dec 2018 15:00:42 +0000

Posted in: News

Comments are closed.