Turning Point Brands Is Planting Convenience Store Seeds Many believe that cannabis could eventually be treated much the same as tobacco or alcohol. Stocks quotes in this article: TPB, DG
It looks like there is another cannabis planting the seeds for convenience store cannabis. I ve written before about Fire & Flower s exposure to Alimentation Couche-Tard, or ACT, the owners of Circle K. The French conglomerate will own approximately 19.9% of Fire & Flower following the conversion of approximately $23.6 million principal amount of 8.0% unsecured convertible debentures issued to 2707031 Ontario Inc.
Now Turning Point Brands (TPB) is showing its cards when it comes to the convenience store strategy. The company is known for its sales of ZigZag rolling papers and Stoker s chewing tobacco. In addition to selling traditional rolling papers, Turning Point also sells paper cones, which cannabis consumers only have to fill, pack and b
/Cannabis Infused Products Market 2021 Segmentation along with Regional Outlook, Competitive Strategies, Factors Contributing to Growth | Botanicals, Kiva Brands Inc., Lulu Group International, Medix CBD Trending
Cannabis Infused Products Market 2021 Segmentation along with Regional Outlook, Competitive Strategies, Factors Contributing to Growth | Botanicals, Kiva Brands Inc., Lulu Group International, Medix CBD
Cannabis Infused Products Market
MarketDigitsApril 26, 2021
Cannabis Infused Products Market to witness the growth at an annual pace of 22.0% in the above-mentioned forecast period.
The
Cannabis Infused Products Market research report thoroughly explains each and every aspect related to the Global Cannabis Infused Products Market, which facilitates the report’s reader to study and evaluate the upcoming market trend and execute the analytical data to promote the business.
Retailer
Planet 13 Holdings Inc. (CSE:PLTH) (OTCQB:PLNHF) reported single-day record sales of $543,000 on April 20. Meanwhile,
Eaze, California s largest marketplace for legal cannabis delivery, announced a 185% surge in deliveries (compared to any other Tuesday in 2021), with an average basket of $200, up 50% from the same day in 2020.
“Cannabis consumers moved to delivery as their preferred way of shopping last year, so we re not surprised to see such a strong 420 in 2021,” said Ro Choy, CEO of Eaze. “Even as daily life begins to return to normal, consumers are staying with the convenience of delivery. It s the future of this industry.”
Debra Borchardt, CEO of Green Market Report, added, “The April 20 holiday is becoming the largest sales day of the year for the industry. Headset reported logging $60,000 in sales per minute, while Planet 13 said it did over half a million sales on Tuesday. Even Ayr Wellness clocked in an amazing $1.2 million day across its stores.
Turning Point Brands, Inc. (NYSE: TPB) has teamed up with Docklight Brands Inc. to expand the reach of Bob Marley brand of cannabis and CBD products.
The Louisville, Kentucky-based company opted to invest $8.7 million in Docklight Brands’ series A offering.
“Our goal is to build an. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: