Cannabis Companies Prepare for Explosive Growth Following Federal US Legalization - Seite 2

"We are pleased with the pace of design, development, and build effort that AESI is providing. We are achieving our expected milestones on schedule allowing us time to optimise the final product prior to customer delivery," said Sixth Wave's CEO John Cowan. "In addition, product design has been heavily influenced by AESi's past experience with primary extraction equipment which will reduce risk and ensure a smooth production scale up to meet anticipated customer demand."

The company also expects to take delivery orders from other companies later in the year after thoroughly testing its systems. The company estimates that it will deliver three or more Affinity Systems in each quarter depending on the production capacity. The company has plans to increase its production capacity in 2022/2023.

The success of the Affinity System will give Sixth Wave Innovations an entry into the growing cannabis industry whose legalization appears to be just around the corner. The company also anticipates that the continued state-to-state cannabis legalization will expand its market for the Affinity System.

These Cannabis Stocks are Dominating the Market

Whether the MORE Act is passed or not remains to be seen, but it isn't preventing cannabis companies from posting gains in current legal markets. Integrated health and wellness company Neptune Wellness Solutions (NASDAQ:NEPT) (TSX:NEPT) recently released its Q4 2021 and FY 2021 financial results, which revealed full year revenue of $46.8 million, a 50% increase year-over-year. Among the highlights for the company in FY 2021 include the agreement with SQDC, the sole legal retailer for recreational cannabis in Quebec, receiving the amended license from Health Canada to sell dried cannabis flower and pre-rolled cannabis in Canada, and the launch of three Mood Ring SKUs (capsules, oil, and flower) in British Columbia.

Canopy Growth Corp (NASDAQ:CGC) (TSX:WEED) launched Tweed Quickies and Ace Valley Pinners, two new offerings in the continued evolution of its pre-roll portfolio that matched consumer preferences. Its two new products are developed to meet the growing preference among consumers for smaller joints that they can consume in one sitting, without the need to share, given the current times. The Tweed Quickies come in 0.35 grams while the Ace Valley Pinner is even smaller at 0.3 grams. The quantities are based on the results from a research Canopy Growth recently commissioned. This new addition in its product portfolio brings customers smaller joints that they can enjoy within a group setting without the need to share their joints.