Strong Retail Brands Will Push Their Competitors out of the Cannabis Market - Seite 3

One of the leading companies in the CBD-derivative space is Green Growth Brands (CSE:GGB) (OTC:GGBXF). In particular, they have been developing a patent-pending process to make a water-soluble version of THC and CBD, allowing consumers to enjoy any beverage of their choice.

Green Growth Brands (CSE:GGB) (OTC:GGBXF) also has a high-end Seventh Sense brand that brings a unique line of CBD-infused beauty products to the market. Unlike most other cannabis products that are sold in specific retail locations, these products can be sold in drug and grocery stores. This gives Seventh Sense products exposure to potential consumers and markets that otherwise wouldn't feel inclined to go to a dispensary.

Companies also need to be aware that while conventional retail expansion is good for the industry, they can't ignore the prevailing trends. Analysts have been warning of the "retail apocalypse" as 50 percent of all malls in America are expected to shut down by 2023. Green Growth Brands (CSE:GGB) (OTC:GGBXF) is also one of the leaders in this area. By focusing equally on their online distribution channels as well as growing their physical locations, they lower this risk while their competitors continue to play catch-up.

Further Cannabis Developments

Graduating to a new listing on the Toronto Stock Exchange (TSE), The Supreme Cannabis Company Inc. (TSX-V:FIRE) (OTCQX:SPRWF) had a number of new developments. Most notably was that its Q2 sales saw a 359% increase over last year. The company has also made its first shipments of its high-end cannabis brand 7ACRES across various provinces.

As one of Canada's top cannabis producers, Aurora Cannabis Inc. (TSX:ACB) (NYSE:ACB) recently announced it's second quarter financial results much to the anticipation of the industry. While revenues were well above expectations, the company is still operating at a loss as shareholders saw a $238 million loss over the three months ending in December 31^st. Much of this is due to falling profit margins on regular cannabis plant products.

A major feather in the cap of Canopy Growth Corp (TSX:WEED) (NYSE:CGC) was receiving a Hemp license in the state of New York. Announced last month, the company will be investing up to $150 million in its New York hemp operations. This also marks the first international expansion the Canadian company has undergone.

Multiple assets in the state of Maryland have been acquired and rebranded under the new ownership of Curaleaf Holdings Inc. (CSE:CURA.CN) (OTCPK:CURLF). These acquisitions include a 21,000 square-foot cultivation facility, a 1,000 square-foot processing plant, and two separate 1,000 square-foot dispensaries. The company invested $30 million USD in acquiring these assets as it seeks to further consolidate its presence in the state.