The grand jury also recommended that the Public Works Department determine the funding needed and submit a budget request to build out Accela modules for Planning and Building Department referrals for (1) encroachment permitting, (2) legal document review, (3) map review, (4) a drainage fee calculator, (5) encroachment violation and tracking, (6) reporting tools for each module and other modules determined to be necessary, according to the news outlet. The Company acquired 70% of Rose LifeScience on Nov.15, 2021 and their results are presented in the operations of our consolidated wholly-owned subsidiaries and the minority interest is presented in Net Income (Loss) Attributable to Non-controlling Interests, Net of Tax for the three months ended March 31, 2022. *Based on OCS market data for the quarter ended March 31, 2022 and sales information provided by Buddi retail store data from over 300 retailers across Alberta and British Columbia as of March 31, 2022. 2021 Earth's Ally. "In what is a typically soft season for retail sales in Canada, both Pure Sunfarms and Rose gained share in their respective focus markets, and delivered a 14th consecutive quarter of positive adjusted EBITDA for Canadian Cannabis. Total Cannabis segment net sales increased 65% year-over-year to $28.8 million, representing 41% of total Village Farms sales; and. Consolidated revenue increased 34% year-over-year to $70.2 million; the company's net loss of $6.5 million is primarily due to inflationary pressures on produce business. Rose launched 14 new cannabis SKUs and shipments of own brands increased 85% compared to the fourth quarter of 2021. Designed and Developed by GuoWei Cheng, @2020 - All Right Reserved. Credited with producing some of the most influential genetics in modern cannabis including Sunset Sherbert, Mochi, and Bacio Gelato, this partnership with Final Bell will expand the brands availability into new markets. The foliar spray can be safely applied up until the day of harvest, leaving behind zero pollutants. Marijuana Venture is the leading B2B monthly publication for the cannabis industry. Having previously worked alongside Sarah, I know she will instantly hit the ground running and add tremendous talent to our dynamic team, CCC Executive Director Shawn Collins, was a senior aide to Goldberg before his role with the CCC, told The Daily News. The report also suggests that the Board of Supervisors should approve enough funding for the Public Works Department for fiscal year 2022-2023 to implement Accela to meet the departments specific needs, the Times-Standard reported. Total Cannabis segment adjusted EBITDA increased 9% year-over-year to $2.7 million. This field is for validation purposes and should be left unchanged. VANCOUVER, BC, May 10, 2022 /CNW/ - PRESS RELEASE - Village Farms International, Inc. today announced its financial results for the first quarter ended March 31, 2022. Cannabis Business Times interactive legislative map is another tool to help cultivators quickly navigate state cannabis laws and find news relevant to their markets. Kim oversees the Alcoholic Beverages Control Commission and serves as general counsel to the Treasury, the news outlet reported. We are evaluating new initiatives, including marketing partnerships to build more scale, spread costs and diversify product offerings. The first highly anticipated product launch, Orange Sherbs Live Resin All-in-One Vape, quickly sold out upon release in Ontario. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); In sending your photos and stories you agree to our terms and conditions. Final Bells industry expertise, multi-geographical end-to-end supply chain for hardware and packaging, and seed-to-sale compliance infrastructure will allow SHERBINSKIS to provide the same high-end customer experience in Canada that established their brand in California, said Greg Boone, CEO of Final Bell Canada. Crop Defender 3 is a triple-action crop protection formula made with a synergistic blend of botanical oils and a surfactant. Balanced Health was acquired on Aug. 16, 2021 and their results are presented in the operations of our consolidated wholly-owned subsidiaries for the three months ended March 31, 2022. A detailed discussion of our consolidated and segment results can be found in the 10Q MD&A on the Village Farms website under Financial Reports (https://villagefarms.com/financial-reports/) within the Investors section. Final Bell enables cannabis brands to seamlessly enter new categories and markets, allowing them to scale while eliminating key risks to expansion. Growers Ally Fungicide is formulated with food-grade citric acid and proven to kill and prevent common plant pathogens, including powdery mildew. This outbreak continues to cause major disruptions to businesses and markets worldwide as the virus continues to spread. ", DeGiglio concluded, "Consumer takeaway trends during the first quarter further validated our brand and cultivation strategies. Strong revenue growth was more than offset by the inflationary impact of freight, labor, fertilizer, packaging and other cost increases. The brands legendary Gelato was deemed, The Worlds Most Sought-After Cannabis Strain by streetwear and culture authority Highsnobiety. In addition, the grand jury recommended that the Planning and Building Department provide instructions for the public to search a location without creating an Accela account or contacting department staff, according to the news outlet. We caution that our results of operations for the three months ended March 31, 2022 and 2021 may not be indicative of our future performance, particularly in light of the ongoing COVID-19 pandemic. By submitting your photos to Earths Ally, you consent and authorize SARASOTA GREEN GROUP, LLC to use the photograph in connection with the marketing and advertising of Earths Ally Weed & Grass Killer. SHERBINSKIS will utilize Final Bells end-to-end solution to quickly bring its product to new audiences while maintaining the quality and experience their customers demand. The report recommends that the Board of Supervisors approve funding for the Planning and Building Department to upgrade Accela, the countys online permit submission system, to ensure that applicants can complete the application and pay the associated fees online, the Times-Standard reported. Village Farms continues to service its customers amid uncertainty and disruption linked to COVID-19 and is actively managing its business to respond to the impact. To access the archived conference call by telephone, dial (416) 764-8677or (888) 390-0541and enter the passcode 334813 followed by the pound key. The Humboldt County Civil Grand Jury has recommended tweaks to the California countys cannabis permitting process. Pure Sunfarms received EU GMP certification for its 1.1 million square foot Delta 3 cannabis production facility, permitting Pure Sunfarms to export EU GMP-certified medical cannabis to importers and distributors in international markets that require EU GMP certification; Pure Sunfarms launched 29 new SKUs across four product categories and remained the top-selling brand of dried flower products in key markets of Ontario, Alberta and British Columbia*; Based on third-party data, it is estimated Rose LifeScience is a top-three Licensed Producer in Quebec; and. With our Canadian Cannabis business continuing to grow sales and market share domestically, we look forward to capitalizing on Pure Sunfarms' recent EU GMP certification to commence exportation to international markets. The cannabis companies have entered into an agreement combining their expertise, ambitions and end-to-end supply chain scalability to expand into new markets. The OMRI Listed miticide, insecticide, and fungicide contain active ingredients from nature that are scientifically proven to kill powdery mildew, spider mites, russet mites, thrips, aphids, and other soft-bodied insects as well as their eggs on contact. All Rights Reserved. Growers Ally products are an integral part of leading IPM programs, controlling diseases and pests with formulas that are proven effective through rigorous independent laboratory testing. The integration of Balanced Health into the Village Farms family is progressing very well and confirms our belief in both the potential within the existing cannabinoid business and the significant near- and long-term opportunities in both the low-THC and high-THC product categories. Marijuana Venture 4000 Airport Way S. Seattle, WA 98108, @2020 - All Right Reserved. Have you picked up a copy of the June 2022 Issue, Every year the Marijuana Venture staff compiles a, Looking forward to celebrating the sun and craft c. Have you picked up a copy of the March 2022 Issue, Register for our first-ever webinar: Cannabis Secu, We all know what a pretty flower looks like, but h, Building the Empire is an ongoing monthly section, Don't forget to pick up a copy of the February 202, OKLAHOMA is next up in Marijuana Ventures ongoi, CannaTech Corner First Look: Purple Fog, Land use codes turning dream into nightmare. (In thousands of U.S. dollars, except per share amounts, and unless otherwise noted). By managing critical supply chain, logistics and manufacturing, Final Bell allows brands to focus on what has made them successful, instead of what bogs them down. He had been the only original member left on the commission for nearly a year and a half. Each company expanded its product offerings in the first quarter of 2022: Balanced Health's brand, CBDistillery, launched its hemp extract in more than 1,000 Pet Smart stores in the U.S. through its partnership with leading pet supplement brand, Zesty Paws; and. stores nationwide. The grand jury released a report summarizing the California countys cannabis permitting process and issued seven recommendations to change it. Treats and controls: powdery mildew, downy mildew, blight, canker, black spot and leaf spot. Goldberg has appointed Kim as the CCCs interim chairwoman as her team searches for a more permanent replacement for Hoffman, according to The Daily News. That obviously goes for our cannabis but also the hardware and packaging we put it in. In response to the COVID-19 pandemic, the Company implemented safety protocols and procedures to protect its employees, its subcontractors, and its customers. 2022 GIE Media, Inc. All Rights Reserved. We are currently unable to assess the ultimate impact of the COVID-19 pandemic on our business and our results of operations for future periods. We remain focused on seizing opportunities to continue to deliver top-tier profitability and market share in the high-growth global cannabis market. 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