Phyto Extractions Inc. (CSE:XTRX)(FRA:D2EP), formerly, Adastra Labs Holdings Ltd, has announced the launch of three new Shatter Products, adding to its product line in the burgeoning cannabis extracts market.
A favourite among Cannabis enthusiasts, Phyto Extractions shatter product line launches with three of the most popular cannabis strain extracts on the market through its one gram offerings; Pink Kush, Blueberry Gorilla and Death Bubba.
The Shatter products will be launched in British Columbia (BC), Alberta, Saskatchewan, Manitoba, and Ontario with the rest of Canada to follow soon thereafter, in addition to new shatter products that are in development.
READ: Adastra Labs moves to complete name change to Phyto Extractions
Phyto Extractions is currently increasing market share in the disposable vape, vape cartridge and live resin markets, which has strengthened the brands launch of its new flagship shatter product line. With relatively few players in the shatter product space in Canada, the company said the expansion represents a significant opportunity given the forecasted growth of the Cannabis extract market.
Staying true to the corporate mission of being "a cannabis brand grown from its legacy roots as the first real name in extracts to deliver the experience of quality and value through all of our product offerings", Phyto Extractions said it will be pricing its products to strive to be the lowest priced in every market served in the specific formats offered.
"Our goal is not only to serve existing cannabis enthusiasts with the quality and value they demand," said David Kolby, Phyto Extractions VP of Marketing. "Our strategy is to send a signal to black-market consumers as well, that there are legal market players that want their business and are willing to do what it takes to attract them to the legal market with safe and competitive product offerings."
Phyto Extractions is an agricultural-scale cannabis extraction, distillation and product manufacturer located in Langley, BC at its co-located Health Canada Licensed Standard Processing (extraction, no cultivation), Sales (extracts, topicals, and edibles) through Adastra Labs Inc. and Analytical Testing Laboratory through Chemia Analytics Inc. Adastra Labs also has a pending Health Canada R&D license amendment.
Contact the author at jon.hopkins@proactiveinvestors.com