According to a recent report published by Mordor Intelligence, the CBD nutraceuticals market is expected to reach $876B CAD by 2024. Health Canada is also moving toward approving CBD as a Natural Health Product (NHP) under the Food and Drugs Act. When this happens, CBD-based natural health products will put Canada in play in one of the world’s fastest-growing sectors. Recent reports indicate that global hemp-based CBD sales are projected to reach $22 billion by 2022, with a compound annual growth rate of 147%. It’s happening. Who’s ready for it?
I’m pleased to say that Grasslands Taber Collaborative (GLTC) is. Our partnership with the Town of Taber positions us for success in the nutraceutical and natural health products both from a business perspective and geographically.
Our foundation as a company is built on a commitment to offering the most premier product on the market, with excellence guiding production from seed to sale. We’ll achieve this through our state of the art Premier Park designed to house the industry’s best craft growers along with an extraction facility that is Health Canada, European Union Good Manufacturing Process (EU-GMP) and Natural Health Product (NHP) certified for both cannabis and hemp. That means that anything that comes out of our Premium Park will be the highest quality craft cannabis, hemp or agri-food product. Not only will it have the Health Canada and EU-GMP stamp of approval, but it can also be sold and distributed nationally globally.
Secondly, our Premium Park is located right in the heart of Canada’s premier food corridor, an agricultural region that boasts superior irrigation and growing conditions that allow for natural feedstock with crops ranging from corn, potatoes, wheat, flax and barley to beans, sunflowers, oats, sugar beets and hemp. In addition to its progressive leadership, this thriving agricultural community also offers an extremely skilled labour force. On top of all of this, Taber is connected by road, rail and air and located less than 30 minutes from agriculture-focused public and private research as well as a college and university that fosters future expertise, growth and innovation.
As Canada’s first – and only – premium supply chain, we’re positioned to make a huge impact on the nutraceutical and NHP industry. Our commitment to nurturing the best in the industry to produce the best CBD products in the industry will set us apart and help us achieve our vision. Most importantly, we have the potential here to offer a product that will make a huge difference in the health and well-being of people across Canada and around the world.
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