Post by
mahoon on Oct 05, 2021 12:29pm
Equity Insights
Equity Insights:Another company investors may want to pay attention to during the month of October is Canadian post-harvest solutions company Ayurcann Holdings (CSE: AYUR). In August, AYUR launched its very own online cannabis marketplace to serve the Canadian medical market and currently offers 4 Vape products and 2 CBD products. In addition to launching its ecommerce store in August, AYUR also partnered with Her Highness NYC, cannabis luxury brand based out of New York. The agreement will allow AYUR to manufacture and distribute Her Highness NYC products for the adult use market in Canada. On September 14th 2021, Ayurcann announced that the company has entered into the Saskatchewan cannabis market through its previous wholesale agreement with National Cannabis Distribution ("NCD"), a wholly- owned subsidiary of Kiaro Holdings Corp. This week, Ayurcann announced that it has received its first purchase order from National Cannabis Distribution which includes AYUR’s four Fuego’s vape products and two Vida tincture branded products. The CEO of AYUR ed products. The CEO of AYUR Mr. Igal Sudman stated "There is a market demand for high-quality cannabis derived products, and we are confident that both Fuego vape products and Vida tincture products will meet this consumer need”. Ayurcann is rolling out an impressive strategy from growing revenues through its B2B core business to launching its retail strategy with its very own marketplace to serve its medical patients and now entering the recreational cannabis in the province of Saskatchewan with products expected to hit store shelves in the coming weeks. In addition to rolling out its recreational and medical operations AYUR is slated to announce their next quarterly financials at the end of October and is anticipated to present record revenues. Furthermore, the company is also expected to complete the phase two of its facility expansion and would add an extra 100,000 kg of processing capacity bringing it to total of 300,000 kg’s per annum. Shares of AYUR have found a base at a with the number of developments set to transpire over the coming months that may send AYUR back to its IPO highs of $.70 cents or $70 million market cap.