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Matica Enterprises Inc (CNSX:MMJ) Preparing for Adult-Use Edibles Legalization
Matica Enterprises Inc (CNSX:MMJ) (OTCMKTS:MMJFF) (FRA:39N) CEO Boris Ziger provides an overview of the company and discusses Matica’s readiness for the legalization of edibles this fall. The company has cultivated its first crop at its 10,000 square foot Dorval, Quebec facility and anticipates receiving its sales license later this year. Ziger discusses the company’s financials and notes that Matica has $7 million in cash, which it will use to fund the construction of a greenhouse near Montreal. Ziger explains the advantages of operating in Quebec, which include cheaper utilities and a government mandate to purchase from Quebec LPs. Ziger shares details of the company’s recent purchase of Trichome Treats Inc, an award-winning chocolatier and explains how the move helps Matica create a line of adult-use extracts including premium edibles and beverages.