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Sean Hocking
Enterprise of Hashish has the replace for us
Vaughan, Ontario-based CannTrust, identified for getting caught rising hashish in unlicensed rooms, will now be referred to as Phoena Holdings, per a press release.
“The identify Phoena is derived from the phrase “phenotype” which describes the traits taken from a plant’s genetic code that we use to merge nature, function, and science to provide the most effective hashish merchandise available on the market,” reads the discharge. “We’re devoted to making sure that each product, each initiative and each exercise lives as much as the identify.”
“Working with our new traders, Kenzoll based mostly in Amsterdam, we’re wanting ahead to persevering with to construct our enterprise in Canada and past,” wrote CEO Greg Guyatt on LinkedIn.
Right here’s the total blurb
VAUGHAN, ON, Might 3, 2022 /CNW/ – CannTrust Fairness Inc. (the “Firm” or “Phoena”) (unlisted), immediately marks the beginning of a brand new period for the Firm by saying its new company identify, Phoena Holdings Inc. (pronounced Price-nah).
“It is a actually thrilling and transformative time for our Firm,” stated Greg Guyatt, Chief Govt Officer, “Phoena displays who we’re immediately – stronger, extra skilled and extra targeted – and varieties the inspiration for our future success as we enter the following period of our evolution. Whereas our identify is new, the core values we now have developed over the past two years are the identical, as are the good merchandise and experiences our customers and sufferers have come to anticipate.”
The identify Phoena is derived from the phrase “phenotype” which describes the traits taken from a plant’s genetic code that we use to merge nature, function, and science to provide the most effective hashish merchandise available on the market. We’re devoted to making sure that each product, each initiative and each exercise lives as much as the identify.
Phoena is dedicated to delivering experiences that improve life and assist sufferers and customers be their finest, with a continued emphasis on high quality, consistency and assist. Phoena will proceed to construct on the success of the Liiv, SYNR.G, Xscape and estora manufacturers in each the leisure and medical channels, with no modifications anticipated to present operations.
Phoena Holdings Inc. is 90% owned by a bunch of traders led by Marshall Fields Worldwide B.V., a subsidiary of Kenzoll B.V. with the remaining 10% owned by CannTrust Holdings Inc. (“CannTrust”). Phoena is continuous to evaluation alternate options for turning into a reporting issuer and acquiring a inventory trade itemizing for Phoena’s frequent shares, and can present additional updates on this initiative as they develop into out there.
About Phoena
Phoena is an award-winning, federally regulated licensed hashish producer, with places in Vaughan and Fenwick, Ontario. We function a portfolio of well-known manufacturers, together with estora, Liiv, SYNR.G and Xscape.
We’re dedicated to offering distinctive shopper expertise, high quality merchandise and consistency. Our greenhouse produces Grade A hashish flower, which is offered in a wide range of dried flower and extract codecs.
Phoena creates hashish merchandise that meet the various wants of sufferers and customers, selling positivity, supporting creativity, and galvanizing confidence.
Phoena, empowering you every single day.
Be taught extra at Phoena.com
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