For instance, Ricci Cannabis was given 7,380 Canadian dollars for a nonalcoholic cannabis beverage project. In recent years, following the legalization of recreational marijuana in 2018, Canadian government organizations have provided support to cannabis companies in the form of funding programs. In comparison, Pbg Biopharma received a generous sum of 5.4 million Canadian dollars through the Regional Economic Growth through Innovation program. By staying informed and proactive about potential funding opportunities, businesses operating within the cannabis space can bolster their endeavors and contribute to developing a thriving industry. The company received 2.9 million Canadian dollars from Western Economic Diversification Canada to expand its greenhouse for increased cannabis production in 2020.Another testament to this financial support’s importance comes from Canna Stream Solutions’ co-founder and CEO, Usukuma Ekuere.
In recent years, following the legalization of recreational marijuana in 2018, Canadian government organizations have provided support to cannabis companies in the form of funding programs. These programs have contributed approximately 32.8 million Canadian dollars thus far and have significantly impacted the success and growth of various companies within the industry.
Nearly two dozen companies received over 3 million Canadian dollars in federal funding in the past year via the government’s Grants and Contributions portal.
Diverse range of funded projects
The amount of funding bestowed upon recipients has greatly varied....
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