GREY:YOURF - Post Discussion
Post by
nozzpack on Oct 08, 2021 7:25am
Outlook Excerpts from Recent Quarterly
Hollister Cannabis Company is licensed by the city of Hollister and the State of California for Manufacturing and Distribution. The Company currently uses Nabis as its primary distributor in California and continues to evaluate additional or alternative distribution lines in California.
The Company’s expansion strategy is centered on entering new markets/states that are approved for medical cannabis use and/or approved or have a reasonable expectation to be approved for recreational use in the near future.
During Q1 2021, the Company expanded its production capacity in Arizona to accommodate Adult Use.
The Company expects its California brands to be available in the Arizona market by the end of 2021.
Another key initiative for the Company in 2021 and 2022 will be greenfield development to build redundancy into the Company’s supply chain of raw material, lower input costs and enhance profit margins.
In the meantime, COVID-19 has accelerated the direct to consumer delivery plan, the brand is called Dreamy Delivery and the first delivery hub was launched during Q4 2020 with statewide service expected by the end of 2021.
Hollister has completed the design phase for the eventual buildout of its Venom brand in the Hollister Facility however the Company will initially use an asset light approach to validate the Venom brand in the California marketplace.
COVID-19 has also delayed the launching of initial products for AlphaMind Brands Inc.
Tommy Chongs's Full Spectrum Elixir is now being distributed into California dispensaries by our distribution partner
In the meantime, COVID-19 has accelerated the direct to consumer delivery plan, the brand is called Dreamy Delivery and the first delivery hub was launched during Q4 2020 with statewide service expected by the end of 2021.
Hollister has completed the design phase for the eventual buildout of its Venom brand in the Hollister Facility however the Company will initially use an asset light approach to validate the Venom brand in the California marketplace.
AlphaMind continues to discover, develop and commercialize
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