BZAM Ltd., a leading Canadian cannabis company, has announced that its Chairman, Mr. Anthony von Mandl, will be investing an additional $5,000,000 in the company. This investment comes as a show of confidence in the company’s growth potential and its ability to navigate the rapidly evolving cannabis industry.
Mr. von Mandl is a well-known entrepreneur and investor, with a successful track record in the beverage industry. He is the founder of the Mark Anthony Group, which owns and operates several leading beverage brands, including White Claw Hard Seltzer. In addition to his role as Chairman of BZAM Ltd., Mr. von Mandl is also a member of the Board of Directors of Aurora Cannabis Inc., one of the largest cannabis companies in the world.
The $5,000,000 investment by Mr. von Mandl will be used to support BZAM Ltd.’s ongoing expansion plans. The company currently operates two licensed cannabis production facilities in British Columbia, with a combined production capacity of over 20,000 kilograms per year. BZAM Ltd. also has a significant retail presence in Canada, with six licensed retail stores in British Columbia and plans to open additional stores in other provinces.
The cannabis industry in Canada has experienced significant growth since the legalization of recreational cannabis in 2018. According to Statistics Canada, the industry generated $2.6 billion in sales in 2020, with over 1,400 licensed cannabis producers and retailers operating across the country. BZAM Ltd. is well-positioned to capitalize on this growth, with a strong brand and a focus on high-quality products and customer service.
In a statement announcing his investment, Mr. von Mandl said, “I am excited to continue to support BZAM Ltd. as it grows and expands its operations. The cannabis industry is still in its early stages, and I believe that BZAM Ltd. has the potential to be a leader in this space. I look forward to working with the team to help drive the company’s success.”
The announcement of Mr. von Mandl’s investment is a positive development for BZAM Ltd. and the cannabis industry as a whole. It demonstrates that there is still significant investor interest in the industry, despite some of the challenges it has faced in recent years. With the support of Mr. von Mandl and other investors, BZAM Ltd. is well-positioned to continue its growth trajectory and become a major player in the Canadian cannabis market.
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- Source: https://zephyrnet.com/bzam-ltd-announces-chairman-to-invest-an-additional-5000000-through-a/