Massachusetts Tracker
Massachusetts has had consistent weekly sales of $24 Million in the past four weeks. With these consistent sales, we can accurately predict 2021 sales to be about $1.152 Billion for Adult-Use using the current run rate. The companies with the highest resource concentration in MA are TLLTF, FFNTF, AYRWF, and MRMD.
TILT Holdings to Manufacture and Distribute Leading Cannabis Inhalation Brand Airo
TILT Holdings is a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development, and retail.
TILT announced its recent partnership with Airo to manufacture and distribute its products in the state of Pennsylvania. Airo is a leading cannabis inhalation brand, available in more than 1,250 dispensaries across the US. According to Headset, Airo is the largest inhalation brand in Nevada and one of the top-selling brands in many other states. This deal demonstrates TILT's continued execution of its strategy. Gary Santo, President of TILT, said: “This partnership not only delivers on TILT’s brand strategy but also demonstrates our ability to cross-sell existing customers of our plant-touching and non-plant touching businesses by leveraging Jupiter’s long-term inhalation technology license agreement with Airo to bring differentiated cannabis products to retailers in the state. As we continue to transition from a holding company to an operating company, we plan to engage all aspects of our organization to provide a collaborative B2B experience for multi-state operators, licensed producers, and cannabis retailers.” Airo had been a customer of TILT since 2016, and TILT was able to cross-sell different parts of their business to Airo. Shares of TLLTF were up 8.5% today.
Ayr Florida
Ayr Wellness announces the planned launch of its Origyn premium concentrate line in Florida. Origyn will be the first of many Ayr brands to launch in Florida, bringing Ayr’s strong product lines from other markets to expand product offerings at Liberty Health Sciences and enhance the Florida customer experience. Ayr operations have the 4th most significant retail footprint in Florida with 35 operating dispensaries, in a state with more than 560,000 active medical cannabis patients, according to the Florida Office of Medical Marijuana Use (OMMU). Sales of Origyn concentrates will begin on or around June 1, 2021; the initial offering will include Wax, Crumble, and Rick Simpson Oil, and Shatter will be added later this year. Ayr also sells Origyn in Massachusetts, where it has quickly become one of the state’s top-selling concentrate brands, reaching over $2.2 million in monthly sales in March, according to BDSA. The company also plans to launch Origyn sales in the Pennsylvania market over the summer. Florida has one of the largest and most dynamic medical cannabis markets in the United States, with over 560,000 patients, 338 licensed dispensaries, and 22 licensed cultivators1. Annual statewide cannabis sales are expected to reach $1.8 billion by 2022, with concentrates encompassing roughly one-quarter of total sales.
