Cannabis Strategic Ventures announces the upcoming launch of the company’s cannabis brand. The company expects to begin selling branded cannabis products this quarter.
Management anticipates a 125%-150% jump in pricing for sales of branded versus white label cannabis.
“Moving a substantial percentage of our grow capacity into branded product sales will have a significant positive impact on sales growth and ROI,” noted Simon Yu, CEO of Cannabis Strategic Ventures.
The company is already working closely with distributors to lay a foundation for an immediate market presence. This includes the cultivation of a formal relationship with one of the fastest growing cannabis delivery services in the California market. The company’s brand will be a featured product with this service upon launch.
The company has also been in close contact with a number of major dispensaries and anticipates a wide distribution footprint immediately upon brand launch.
“Cannabis products have started to fly off the shelves in recent weeks,” continued Yu. “This is due to stay-at-home, hoarding, increased anxiety, and increased medical marijuana needs. Our white label cannabis business is seeing rising pricing power and a dramatic acceleration in week-over-week sales growth. This is a demand-driven dynamic. And that represents an important opportunity to launch our brand.”
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