Bhang Inc BHNGF

Consumer Defensive Household & Personal Products

Bhang Inc. is a Canada-based global consumer packaged goods company, focused on chocolate and cannabis edibles. The Company offers chocolate cannabis edibles in North America and in other parts of the world. Its chocolate categories include cannabis-infused milk chocolates, cannabis-infused dark chocolates and cannabis-infused white chocolates. The Company's cannabis-infused milk chocolates include milk chocolate and ice milk chocolate. Its cannabis-infused dark chocolates include 1:1 CBD:THC caramel dark chocolate, dark chocolate, fried chicken & cola dark chocolate and toffee & salt dark chocolate. Its cannabis-infused white chocolates include cookies & cream white chocolate, and white toast white chocolate. It has collaborations with The Blues Brothers through cannabis infused chocolate. It offers infused joints - BHANG HIGH ROLLER: FIG BAR. Its business includes selling its products in over 2500 retail stores and delivery selling and distribution through licensee partnerships.

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Post by nightowl21on Dec 04, 2020 12:41pm

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Post# 32037751

Ndva reports subsequent to 3rd quarter results...

Indiva secured an agreement with Medical Cannabis by Shoppers, a subsidiary of Shoppers Drug Mart Inc., making Bhang chocolate and Wana sour gummies available through the Medical Cannabis by Shoppers platform. October monthly net revenue came in at a record $2.3-million, with gross margin before fair value adjustments exceeding 29 per cent.
Sell-through data from Hifyre for the month of October, 2020, shows strong sell-through of Indiva products. With a 32-per-cent share of sales, Indiva now leads with the No. 1 market share position in the edibles category:
- Ontario No. 1 with 36-per-cent market share;
- Alberta No. 1 with 30-per-cent market share;
- British Columbia No. 1 with 27-per-cent market share;
- Saskatchewan No. 1 with 37-per-cent market share;
- Wana sour gummies led the Gummies category with $1.94-million in retail sales or 18-per-cent share;
- Bhang led the chocolate category with $1.22-million in retail sales