- HYTN Innovations (HYTN) through its subsidiary, HYTN Cannabis, successfully developed and listed for sale its new Nano Gummies product
- The Nano Gummies offer ‘faster and more consistent cannabis’
- The product is manufactured in Kelowna
- Q2 financials reflect pause in revenue as company transitions to selling products directly
- HYTN Innovations (HYTN) formulates, manufactures, markets, and sells premium cannabis goods
- HYTN Innovations (HYTN) is unchanged today, trading at C$0.12 as of Aug 29, 2022, 11:35am ET
HYTN Innovations’ (HYTN) subsidiary, HYTN Cannabis, has developed and listed its new Nano Gummies product for sale.
The Nano Gummies feature the company’s proprietary elevation technology, delivering a rapid and predictable cannabis experience and complementing the existing all-natural, sugar and sweetener-free sparkling cannabis beverages. These products further HYTN’s mission to produce consistent, natural, delicious cannabis products. The Nano Gummies are manufactured at the company’s Kelowna facility.
The launch of HYTN’s Nano Gummies product follows the news that HYTN has fully concluded its relationship with Emerald Health Therapeutics and intends to focus its efforts on bringing its rapid-onset cannabis products to the Canadian market. The company’s financial results for Q2 reflect a pause in revenue as the company transitions to selling products directly.
Elliot McKerr, HYTN’s Chief Executive Officer, says:
“It took significant time and effort to secure the necessary provincial and territorial vendor qualifications and product listings once our sales amendment was secured. Working diligently with the provinces and territories, our team has positioned the Company to offer an amazing suite of products to consumers while now directly managing our sales channels and revenue opportunities. We are confident that the launch of our Nano Gummies alongside our sparkling cannabis beverages will be the first step in aligning our success with the revenue path we established when we went public.”
The company considers this step in taking complete control over its sales and distribution channels progressive, noting that this new product represents an important innovation in elevating the cannabis experience for consumers.
Jason Broome, HYTN Chief Operating Officer, states:
“Until now, consumers of cannabis edibles typically experienced slow and widely variable effects. Our Nano Gummies deliver cannabis in nano-encapsulated form, which, as confirmed by data we have collected under our Research Licence, appears to result in more milligrams of THC being absorbed faster, ultimately yielding a faster and more consistent cannabis experience, similar to that observed with our beverages.”
The Nano Gummies have begun shipping in two flavours, Yuzu-Pear and Crabapple-Lemon, with full national distribution expected by Q1 2023.
HYTN Innovations (HYTN) formulates, manufactures, markets, and sells premium cannabis goods.
HYTN Innovations (HYTN) is unchanged today, trading at C$0.12 as of Aug 29, 2022, 11:35am ET.
