Top 5 Canadian Cannabis Tech CompaniesOn July 1, 2018, changes to federal legislation are set to open up an already liberal marketplace, putting Canada on the cusp of fully legalizing cannabis for recreational purposes – countrywide. Canadian cannabis companies, as well as the peripheral businesses, no longer need to operate on the fringes of the business world and many are ready to take cannabis technology where it has never gone before.
Top 5 Canadian Cannabis Tech Companies
Radient Technologies Inc.
Radient is set to revolutionize conventional methods of extraction with its patented extraction processing using microwaves. They are already producing specialized extractions from biological materials for the food and beverage, nutritional supplement, pharmaceutical and cosmetics industries. Cannabis extractions are the logistical next step in their product evolution.
Through their proprietary microwave extraction technology, Radient is setting high standards for potency, purity and price point. According to Radients CEO and founder, Terry Booth,
“Radient’s extraction technology has also been proven to deliver superior preservation of aromatic compounds known as terpenes, which are key to the cannabis consumer experience and the Aurora standard.”
Radient has recently issued a Memorandum of Understanding with one of the leading players in Canada’s medical marijuana market: Aurora. They also just received approval from Health Canada for their Controlled Drugs and Substances Licence.
Knalysis is putting a therapeutic spin on data analysis in the medical marijuana market. Although there is a continually expanding body of research for dispensaries, patients, and physicians to rely on; determining what strain, what quantity, and through what mode of ingestion works best is still a bit of a guessing game.
Knalysis has developed cloud-based innovative data analysis software, taking real-world results and bringing that information from the patient back to the grower. In their own words, they are less concerned with the seed to sale methodology, as they are with results to retail.
Not only do they have a revolutionary patient mobile wellness tracker, developed to manage treatments, and predict results, they also pull that data into the retail and growing space. Instead of relying on word of mouth, physicians and dispensaries will get real-time data on what strains and in what doses are working for what ailments.
3. Cannabix Technologies Inc
At the other side of the cannabis tech spectrum, Cannabix Technologies Inc is striving to solve the problem faced by law enforcement agencies across the country, and around the world. Although a standardized breathalyzer has long been in place to determine alcohol intoxication, law enforcement agencies are struggling to come up with a similar solution for cannabis inebriation.
Enter the THC Breathalyzer. The primary goal of the THC breathalyzer is producing accurate detection of cannabis impairment to law enforcement agencies, in a portable and durable product. The two areas of application are employers doing on the job drug testing, as well as for police during roadside checks.
4. Greenstream Technologies
Building on the momentum within the Canadian cannabis landscape, Greensteam Technologies is developing a blockchain-enabled supply chain management platform. As a subsidiary of BLOK technologies, Greenstream is still in the initial phases of development.
The Greenstream team soon hopes to bring integrity to all players in the cannabis marketplace, from growers to sellers to government regulatory bodies. They seek to achieve this through the use of the blockchain technology, which is well known throughout the cryptocurrency circles.
For those unfamiliar with cryptocurrency, blockchain is the underlying ledger of Bitcoin. By sharing the ledger system-wide, the blockchain brings security and cost savings to whatever platform is applied. The blockchain technology has already been adapted to financial services, international logistics, and now Greenstream is seeking to transform the cannabis industry with their novel offering.
5. Future Farms
Future Farm Technologies is in the business of technologically advanced indoor grow operations. Specifically focused on LED light and vertical farming solutions, they evidently have much to offer the booming cannabis sector. Their patented indoor farming technology can increase yield by ten times those produced through conventional farming technologies.
Although primarily based in the Canadian cannabis industry, they are slowly expanding into the markets south of the border, through sales of their LED solutions and investments into specific locations, most recently in Puerto Rico. Their news feed demonstrates expansion across all sectors of the market, investing in extraction methods, proprietary lighting systems, and the recent definitive agreement with New England CCS to acquire a 51% stake in FlipCoin, a new cryptocurrency application and Point of Sale (POS) platform.