NEW YORK, NY, July 31, 2018 (GLOBE NEWSWIRE) — In an effort to differentiate itself from the emerging cannabis market in Canada, PUF Ventures Inc. (OTCPK: PUFXF) (CSE: PUF) (Frankfurt: PU3) has taken a novel approach to producing cannabis that should prove to be every bit as lucrative as growing it. With the idea of separating itself from the competition, the innovative Vancouver-based company partnered with Casey Houweling, who has 4 decades of experience with plant propagation, to form Propagation Services Canada Inc. (PSC), to introduce the concept of science-based vegetative propagation to the cannabis industry in Canada.
With the federal government in Canada passing Bill C-45 or the “Cannabis Act” and recreational cannabis becoming legal on October 17, 2018, the cannabis market in Canada has become an economic juggernaut. PUF Ventures will use its third party propagation services to navigate the landscape there and develop what should be an operation with long-term success in the industry.
While new to the cannabis industry, large-scale scientific vegetative propagation is commonplace in other plant markets like the tea industry and with many types of vegetables. The greatest benefit to using third party vegetative propagation in the cannabis industry is that it allows licensed producers the opportunity to use valuable floor space for growing revenue-generating flowering plants.
According to the analysis conducted by PUF while the company was reviewing opportunities within the Canadian cannabis industry, it learned that approximately 20 to 30 percent of a licensed producer’s greenhouse is dedicated to cannabis propagation. If this area could be repurposed to grow flowering plants, licensed producers could, in turn, realize a similar increase in revenue.
Another advantage of vegetative propagation is that the new propagated plants contain the same genetic material and are essentially clones of the parent plant. Once the strain has been established with desired traits, it can be reproduced indefinitely. This is important when maintaining consistent quality and taste in products made from plants or crops such as teas, coffee, fruits and vegetables.
Propagation becomes especially important for commercial cannabis growers who want to reproduce the highest-quality cannabis with consistent strain genetics.
Large-scale cannabis propagation has become a reality in Canada due in large part to the efforts of Derek Ivany, President and CEO of PUF Ventures, and Casey Houweling, President of the Houweling’s Group. The unlikely partnership comes from Ivany’s quest to become a top-five licensed producer in Canada and Houweling’s desire to leverage his 40 years of plant propagation experience, and a 2.2 million square-foot facility in Delta, British Columbia. The Delta facility is considered one of the most technologically advanced greenhouses in North America, offering full propagation services with an experienced staff in a facility with 18 megawatts of power.
“Over time I believe that cannabis will become a commodity with the price per gram dropping to levels close to the cost of production,” said Derek Ivany. He continued by saying, “After a thorough analysis of the industry indicated that outsourcing plant propagation could bring significant benefits to the many licensed producers operating in Canada, we approached Casey Houweling to talk about a partnership. By specializing in an ancillary product, like propagation services, we can ensure that PUF’s long-term revenue stream is optimized by offering high margin scientific expertise and high-quality products to the overall market.”
By leveraging Casey Houweling’s experience in plant propagation, PSC can ensure high quality clones without disease and contaminates and offer starter plants to the industry’s growers that can help mitigate these challenges and focus on growing and processing flowering plants.
PUF Ventures hired Cannabis Compliance Inc. to help it prepare the new commercial propagation facility in Delta, British Columbia. Cannabis Compliance is a cannabis consulting firm with more than 10 years experience providing risk mitigation, due diligence and regulatory compliance to commercial cannabis producers and resellers worldwide.
Nico Hache, Director of Compliance at Cannabis Compliance Inc., said of PSC’s operations and its large-scale facility in British Columbia, “The combination of one of the most technically advanced greenhouse sites entering the cannabis industry and more than 40 years of propagation experience, is precisely what the cannabis industry requires to deliver clean, pure stock plants. The nursery plant mortality rate in the industry is very high due to the lack of facility and technical expertise to grow at scale. PSC has a facility, the technical expertise, and with a few modifications will change the way cannabis is grown. This expertise is what has been missing in the industry and will be welcomed by licensed producers.”
PUF Ventures’ Ivany added, “I believe that independent propagation services in the Canadian cannabis space will massively disrupt cannabis growing methods in a very positive way.”
The value proposition that PSC brings to the licensed producers in the market is the specialized science of plant propagation, offering healthy flowering cannabis plants free of contaminates, pests and disease, less staffing requirements, and more greenhouse space to grow revenue-generating flowering plants—providing licensed producers with an advantage to optimize operations, reduce costs, increase revenue and ensure their long-term success in the industry.
In part 2 of our series highlighting PUF Ventures and its efforts to become part of the cannabis landscape in Canada, we’ll focus on the benefits and economics of propagation and how PUF Ventures can improve topline revenue and bottom-line expenses for licensed producers.
Learn more about PUF Ventures and PSC at: www.puf.ca
About Stock Market Media Group
Stock Market Media Group is a Content Development IR firm offering a platform for corporate stories to unfold in the media with research reports, corporate videos, radio-style CEO interviews and feature news articles.
This article was written based upon publicly available information. Stock Market Media Group may from time to time include our own opinions about the companies, their business, markets and opportunities in our articles. Any opinions we may offer about any of the companies we write about are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice, or construed or interpreted as research. Any investment decisions you may make concerning any of the securities we write about are solely your responsibility based on your own due diligence. Our publications are provided only as an informational aid, and as a starting point for doing additional independent research. We encourage you to invest carefully and read the investor information available at the web site of the U.S. Securities and Exchange Commission at: www.sec.gov. We also recommend, as a general rule, that before investing in any securities you consult with a professional financial planner or advisor, and you should conduct a complete and independent investigation before investing in any security after prudent consideration of all pertinent risks. We are not a registered broker, dealer, analyst, or adviser. We hold no investment licenses and may not sell, offer to sell or offer to buy any security. Our publications about any of the companies we highlight in our content are not a recommendation to buy or sell a security. Section 17(b) of the 1933 Securities and Exchange Act requires publishers who distribute information about publicly traded securities for compensation, to disclose who paid them, the amount, and the type of payment. In order to be in full compliance with the Securities Act of 1933, Section 17(b), we are disclosing that we were paid one thousand dollars from a third party via bank wire to produce content related to PUF Ventures.
For more information: www.stockmarketmediagroup.com.
Stock Market Media Group
Contact: Stock Market Media Group firstname.lastname@example.org
Full story is available here.