Michigan Tracker
FFNTF is a LONG
Michigan had a roaring March for cannabis sales. Total sales for the state were $145 million, with about 2/3 of that number coming from recreational sales. The $145 Million number is a 40% increase from February and a 179% increase from last March. The largest increases were seen in recreational sales, with a 45% increase in MoM sales. The majority of sales are of Flower but concentrate and shake/trim have seen notable increases.
CGC US Beverage Distribution
Canopy Growth Corp. will start the distribution of its CBD beverage portfolio into the US market. This was made possible by their strategic partnership with Southern Glazer Wine & Spirits and their established distribution network. They will distribute the beverage to seven states to start and will expand in the coming months. “This agreement reinforces our consumer-focused approach to identifying emerging growth areas where we can add value for our customers,” said David Chaplin, Chief Growth Officer. The sparkling water contains 20 mg of U.S. grown CBD and is zero-sugar and low calorie. It is available in four flavors: Cucumber Mint, Passion Fruit Guava, Blueberry Acai, and Ginger Lime. It will retail for $3.99 per 12 oz. can. The beverage is already a top-selling drink in Canada, so Canopy Growth is hoping to continue these successes in the US.
TCNNF Unit Growth
TCNNF is a LONG
Trulieve Cannabis Corp., announced yesterday the opening of two new stores, the Company’s 85th and 86th nationwide, to commemorate the 5th anniversary of 420, the holiday recognizing cannabis culture. The new Florida dispensaries, the Company’s 80th and 81st in the state, located in Eustis and Palm Beach Gardens, further demonstrate Trulieve’s goal of ensuring direct, reliable access to medical cannabis across its home state.
