mercredi 26 janvier 2022

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Integration of cannabis extraction As the cannabis extraction industry continues to evolve, different solutions need to be found to meet the business needs within it. One decision that many growing industries face is integration. This process may have pros and cons specific to each business, but is usually inevitable as a natural evolution for continued success. For those involved in the purchase of extraction and processing equipment, consolidation can bring value. Consolidation is steadily occurring throughout the cannabis industry, and this trend is sure to continue as hemp and marijuana become more mainstream. This can be seen in the steady vertical integration of the entire seed-to-sale chain within the industry as growers, processors, extraction labs, manufacturers and retail stores come together under one banner. Larger, nationwide brands are also consolidating and becoming multi-state operations. A key goal of this process is that these higher impact companies are working toward consistency in their drive to integrate, which will streamline brand development and success at all levels of the supply chain. The value of this integration is also evident to extraction and processing equipment buyers. A larger customer support and service network will directly result in faster response times for customers and the ability to cross-train on more equipment purchased. In turn, this can create a higher quality product by bringing manufacturing under one roof while offering a more diverse range of processing solutions. Another area where integration brings immediate benefits is in driving progress and innovation through product development and extraction from other areas of the business. By opening up new direct channels of communication between once-separate businesses, integration offers the potential for partnerships to replace competing ideas between different companies. This can lead to a steady stream of ideas, technologies and improvements that were not abundant at the time of pre-integration. www.careddi.com Supercritical is one such company that has seen these benefits as a direct result of integration. This brand was purchased by Gibraltar Industries, a construction equipment company, among a series of other acquisitions of companies doing cannabis throughout the industry. apeks would like to see their extraction equipment business profit directly as a result, but since this acquisition is still recent, direct numbers are not available. In the face of a booming industry, companies must adapt and change to keep up. In the world of extraction and other industries, such advancements are inevitable and consolidation is shaping the future of the cannabis business. It's worth noting that while consolidation may work for some companies, making them more profitable, the concept is not without its drawbacks. One obvious drawback is that smaller businesses may not be able to compete with larger conglomerates. This is the case in many other industries, and the parallels to these other industries will likely continue as the cannabis industry continues to become a global player.

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