- The Government of Canada expects to fully legalize marijuana nationwide by July 2018
- The Canadian cannabis oil extraction marketplace is projected to grow from C$1 million in 2015 to C$1.7 billion in 2020
- Algae Dynamics Corp. is uniquely positioned to enter the Canadian cannabis oil market with its experience in algae oil extraction
- Algae Dynamics will capitalize on the under-served Canadian cannabis oil marketplace
Algae Dynamics Corp. (OTCQB: ADYNF) is uniquely positioned to take advantage of the full legalization of cannabis in Canada by leveraging its expertise and experience with algae oil extraction to expand into the Canadian cannabis oil marketplace. While Algae Dynamics is publicly traded in the U.S., its business is conducted in Canada with no exposure to U.S. federal regulation involving cannabis.
The original core of the company’s product development was extraction of Omega-3 fatty acids from algae with high concentrations of DHA for nutraceutical products. The company plans to leverage its oil extraction expertise in the cannabis oil extraction marketplace.
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