<H2>Blue Sky Hemp Ventures Shifts Focus to Cannabis Operations</H2>
<p>In a strategic move that underscores its commitment to the burgeoning cannabis market, Blue Sky Hemp Ventures Ltd., a prominent name in the Canadian hemp industry, has sold its hemp food division to Fresh Hemp Foods. This decision aligns with Blue Sky's strategy to concentrate efforts on expanding their cannabis operations, thereby enhancing long-term shareholder value. Having reported two consecutive years of positive EBITDA and net earnings, Blue Sky is confident this sale positions them better for growth in the cannabis space.</p>
<H3>Enhancing Cannabis Manufacturing Capabilities</H3>
<p>With the financial boost from the sale, Blue Sky plans to enhance its contract manufacturing services, focusing on high-demand cannabis products such as pre-rolls, softgels, and vape pens. This initiative is part of their broader strategy to secure an EU-GMP certification, a credential that will elevate their capabilities in the global markets for both finished products and bulk extracts. This expansion not only enhances Blue Sky’s operational capacity but also their competitive position in the fast-evolving cannabis sector.</p>
<H3>Embracing Innovation in Cannabis Product Development</H3>
<p>CEO Andrew Potter emphasized that the spirit of innovation is at the heart of Blue Sky’s operations. He expressed pride in the company’s previous achievements in the hemp food sector, particularly their progress with refined hemp seed oil. The decision to shift focus is driven by the potential to replicate such innovative success in their cannabis ventures, leveraging their expertise to develop cost-effective and groundbreaking cannabis products. Blue Sky’s commitment to innovation continues to be a cornerstone as they navigate this transformative phase.</p>
<H3>A New Chapter for Fresh Hemp Foods</H3>
<p>Fresh Hemp Foods, the new owner of Blue Sky's former division, is eager to build on the foundation laid by Blue Sky. President Jared Simon of Manitoba Harvest and Tilray Wellness recognizes Blue Sky’s legacy in whole plant utilization and aims to integrate this approach with their existing sustainability efforts. This transition promises to bring nutritious, sustainable hemp foods to a broader consumer base, maintaining the momentum that Blue Sky has generated.</p>
<p>This shift from hemp foods to cannabis marks a significant chapter for Blue Sky Hemp Ventures, one that highlights their adaptability and strategic foresight in a rapidly changing industry landscape. For more updates on such pivotal cannabis industry developments, stay tuned to Canna Daily News.</p>
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