Business
Uptick Newswire Hosts Sunniva Inc.’s Co-Founder to Discuss the Infrastructure Now in Place That Has Let Them Enter The World’s Largest Cannabis Market
Uptick Newswire Hosts Sunniva Inc.’s Co-Founder to Discuss the Infrastructure Now in Place That Has Let Them Enter The World’s Largest Cannabis Market.
About this update from Sunniva Inc
[{"type":"text","content":"\nPHOENIX, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Uptick Newswire Stock Day Podcast welcomed Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) (“Sunniva” or the “Company“) a North American provider of cannabis products and services. Their Co-Founder, President, Chief Strategy Officer & Director, Leith Pedersen, talked with Stock Day’s Everett Jolly.\n At the top of the interview, Jolly mentioned that Sunniva operates in the two largest cannabis markets, Canada and California. He asked for an update on the California market as their stock has become one of the best performers in the last 30 days. “Our focus in 2017 and 2018 was really to build, secure, and license the necessary infrastructure to secure the upcoming launch of the Sunniva house of brands,” explained Pedersen. “We provide safe, pesticide free products for consumers with the ability to produce on a large scale, and that took time. California really is our main focus at this juncture, we have operating assets there currently and it’s the largest cannabis market in the world, but it’s still riddled with noncompliant cannabis products. Pedersen went on to say that is estimated that over 80% of the products still contain harmful pesticides or chemicals. He said the company has secured 3 key pillars for success. “The first being, cultivation at scale. We are building a 325,000 sq. ft high-tech purpose-built greenhouse in Palm Springs. This will allow us to produce premium flower and safe reproducible products at scale.” He said they also have a revenue generating extraction facility producing the non-smokable products that are now on trend. “Distribution is the last key pillar you need for success in any cannabis market which allows you to secure shelf space for all product lines. All of this feed into our brands. We have exceptional leadership and management teams in each of these divisions that really communicate with each other,” said Pedersen. He went on to say that at the end of last year Sunniva closed on the acquisition on a leading California distribution company. They currently have over 120 licensed retail location relationships throughout the state. “What we are seeing is, not only the distribution companies, but the retailers are starving for clean, safe, reproducible products and br...