Joint Venture Nursery Formed Between LEEF Brands Inc. and Lifted Organics
LEEF Brands Inc. and Lifted Organics join together to form a joint venture nursery.
A recent press release discussed LEEF Brands Inc. and Lifted Organics formation of a joint venture nursery (1). LEEF Brands Inc., a vertical cannabis operator, and Lifted Organics, will each have an equal 50% portion of ownership in their joint enterprise. Both businesses are excited for this next step and to grow “their cultivation efforts” (1). Lifted Organics and LEEF Brands Inc. have named the joint venture nursery, 1PN Nursery. It is located in Watsonville, California, near where Lifted Organics has growing operations.
Through this joint cultivation strategy, both companies are able to utilize a nursery in-house. This will help LEEF Brands Inc. and Lifted Organics lower costs, as well as, develop their “genetic offerings” (1). The press release stated (1), “Customer acquisition and retention is highly dependent on offering a compelling, diversified, and exclusive strain menu which this joint venture will provide for LEEF’s concentrates customers and Lifted’ s fresh frozen customers.”
“Genetic selection and propagation are some of the toughest challenges facing large scale, outdoor cannabis cultivators,” Aziz Nashat, owner and founder of Lifted Organics, explained (1). “In addition to reducing the cost of plants, we will no longer have to compete with other large-scale growers for strains and delivery dates or plant the same strains as those farms. Bringing nursery operations in house will allow both companies to offer clients a selection of strains that can be requested by or exclusive to those clients. This will set us apart from our competition.”
“I am excited to see LEEF realize the benefits of a more vertical supply chain and, above all, to witness the alignment of a like-minded team dedicated to supporting the future success of this monumental project,” Micah Anderson, CEO of LEEF Brands Inc., said (1).
With the establishment of a joint venture nursery, both of these companies are helping to grow the cannabis industry further.
Reference
- LEEF Brands Inc. Leef Brands Inc. and Lifted Organics Forge Strategic Joint Venture Nursery https://www.globenewswire.com/news-release/2024/02/08/2825883/0/en/LEEF-Brands-Inc-and-Lifted-Organics-Forge-Strategic-Joint-Venture-Nursery.html (accessed Feb 12, 2024).
Ep 24, Part III: Data Transparency in Cannabis Testing with Yasha Kahn
December 26th 2024In the final part of this episode, Evan Friedmann and Yasha Kahn discuss the need for a national entity to centralize cannabis data collection, moving from snapshot data to continuous updates. They emphasize the importance of accurate lab data and adverse event tracking, suggesting QR codes on packaging to report issues. Yasha suggests harsher consequences for result manipulation and suggests collaboration between state departments and federal entities to support underfunded regulators. They also discuss the potential benefits of off-the-shelf testing and the importance of stability testing. Finally, Yasha shares his top three reading recommendations for the audience.
Ep 24, Part II: Data Transparency in Cannabis Testing with Yasha Kahn
December 12th 2024Evan Friedmann and Yasha Kahn, co-founder of MCR Labs, discuss the discrepancies between current regulations and data on mycotoxins and pesticides in cannabis products. They highlight the need for updated regulations based on new data, emphasizing the importance of accurate testing and labeling. They also discuss the issue of result manipulation, particularly in THC content, and the need for public health officials to address this. Yasha suggests making testing data public to enhance oversight and suggests a national entity to manage this data for better consistency and public safety.
