Galaxie Brands exits CCAA, announces major new partnerships and strategic growth
Puslinch, Ontario – December 10, 2024 – Galaxie Brands, a leader in cannabis co-packing and automation, proudly announces the successful conclusion to the Companies Creditors Arrangement Act (CCAA) process, marking the start of a new exciting chapter.
Bolstered by strengthened partnerships, major new client relationships, and operational enhancements, Galaxie is well-positioned to redefine excellence in full-service co-manufacturing, covering cannabis packaging, manufacturing, storage and logistics.
In a significant step forward, Galaxie Brands has brought on large co-manufacturing clients to produce and pack pre-rolls for their flagship brands, with current production of several hundred thousand PRs per month, expected to increase in the coming months. This partnership underscored Galaxies’ reputation for delivering high-quality, automated co-packing solutions and highlights its commitment to working with industry leaders to bring best-in-class products to market.
Throughout the CCAA process, Galaxie not only maintained operations but achieved significant milestones, including deepening partnerships with TobaGrown/TobaRolling in Manitoba. Together, Galaxie provided the horsepower to TobaGrown’s presence in Manitoba, enabling an uninterrupted supply to the existing SKUs in-market at a winning price point. The companies continued forward, launching multiple successful products bolstering Galaxie’s portfolio and expanding TobaGrown’s presence in the MB market. These efforts include producing pre-rolls, sourcing premium flower, excising, and shipping products back to Manitoba. Continuing into December, TobaGrown will be launching a line of AIO vapes, infused pre-rolls and blunts, and an expanding line of edibles. The collaboration was pivotal in generating strong revenue and positioning both companies for sustained success.
With a focus on automation, cost efficiency, and client-first service, Galaxie specializes in pre-creation (standard, infused and coated), pre-roll packaging, flower packaging and edibles. The company’s state-of-the-art facility enables it to deliver industry-leading turnaround times and pricing, making it the preferred partner for cannabis producers across Canada.
Guiding Galaxies’ future is a new Chief Operating Officer, Richard Aranha, who has extensive experience in cannabis operation and supply chain management, and brings fresh energy to the company leadership. Formally with TGOD for six years and BZAM following the merger, Aranha held key roles such as Facilities Engineer, Supply Chain Director and Director of Continuous Improvement. His engineering background and deep understanding of the cannabis industry are instrumental in driving Galaxie’s automation strategy and operational excellence.
“Galaxie is the perfect launchpad for mid-sized companies across Canada, as is evidenced by the growth of TobaGrown portfolio and sales – with our very significant capacities, we are able to offer companies the ability to scale, enjoy low production costs and keep COGS at a minimum, avoid the challenges of having to manage fluctuating labour requirements, and to serve nearly every major market in Canada in all major product categories. Galaxie is positioned for turn-key services for brands of all sizes to be able to enter and grow in the market. Given our position as a service provider to so many brands, we find ourselves in the nexus of many different verticals – our scale enables efficiencies that we are determined to pass on to our customers to form an unbeatable overall ecosystem of value. I am privileged to lead the Galaxie team.” said Mr. Aranha.
Under Aranha’s leadership, Galaxie has implemented and streamlined processes, enhancing transparency and efficiency. These improvements reflect Galaxie’s commitment to providing the best quality and value in the industry.
As the company looks to the future, Galaxie is focused on building additional partnerships with licensed producers, expanding the market presence of brands it works with, and delivering innovative solutions tailored to its client’s needs. The company is poised to become Canada’s top choice for automated co-packing and manufacturing services.
About Galaxie Brands
Galaxie Brands is a licensed producer and copacker of cannabis and cannabis products, specializing in pre-roll creation, pre-roll packaging, and flower packaging. Operating from its advanced facility and Puslinch, Ontario, Galaxie is committed to providing unmatched quality, efficiency, and value to its partners across Canada.
For media and related inquires, contact Jeremy Bouvet, National Marketing Manager, Galaxie Brands: [email protected].
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