The CBD vape market could gain big momentum. In fact, according to Data Bridge Market Research, the market could be worth up to $28.05 billion by 2027. “Increasing CBD oil usage in several medical applications such as treatment of anxiety and depression, stress relief, diabetes prevention, mitigation of pain, alleviation of cancer symptoms, and acne reduction will likely accelerate the growth of the CBD vape juice market in the forecast period of 2020-2027.” That’s a strong catalyst for companies, such as Pure Extracts Technologies Corp. (CSE:PULL)(OTC:PRXTF)(XFRA:A2QJAJ), Aleafia Health Inc. (TSX:AH)(OTC:ALEAF), Canopy Growth Corporation (NASDAQ:CGC)(TSX:WEED), Tilray Inc. (TSX:TLRY)(NASDAQ:TLRY), and Trulieve Cannabis Corp. (CSE:TRUL)(OTC:TCNNF).
Look at Pure Extracts Technologies (CSE:PULL)(OTC:PRXTF)(XFRA:A2QJAJ), for example
Pure Extracts Technologies just announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has developed and is in production of innovative 1 gram, full spectrum oil (FSO), vape cartridges for the Canadian retail market.
With a trend towards larger cartridges as consumer preferences mature, demand for Pure Extracts’ Pure Pulls branded vape carts is strong within the provincial markets as this product also offers exceptional value to the consumer while generating high margins for the Company. The cartridges will be filled with a selection of some of the Company’s 30+ proprietary cannabis FSO formulations including Super Lemon Haze, Grand Daddy Purple and GSK.
Pure Extracts CEO, Ben Nikolaevsky, remarked, “We are proud to be a leading innovator in the cannabis vape sector. The combination of a larger form factor with our exceptional cannabis extracts will definitely build on the loyal following Pure Pulls already has in-place.”
These 510 vape cartridges are produced by a global manufacturer and adhere to the highest North American test standards. They were specifically chosen for the quality of their component parts, their fit and finish and their performance characteristics when paired with Pure Extracts’ oil concentrates.
Other related developments from around the markets include:
Aleafia Health Inc. re ported its financial results for the three months ended March 31, 2021. “This quarter saw us achieve important executional breakthroughs as we realized the exponential increase of our cannabis product portfolio. Likewise, as we benefit from greater scale, we are demonstrating substantial improvements in the profitability of our core adult-use and medical cannabis product sales, contrasting with the broader industry trend of price and margin compression,” said Aleafia Health CEO Geoffrey Benic.
Canopy Growth Corporation announced its financial results for the fourth quarter and Fiscal Year 2021 ended March 31, 2021. “During Fiscal 2021, Canopy Growth transformed into a CPG-modelled organization, reinforcing a foundation for sustained growth and long-term success. By leveraging consumer insights and innovation to deliver best-in-class products, Canopy Growth is positioned to achieve our goal of unleashing the power of cannabis to improve lives,” said David Klein, CEO, Canopy Growth. “We are starting to see strong momentum across all of our key businesses and remain firmly focused on capitalizing on U.S. opportunities in Fiscal 2022.”
Tilray Inc. will webcast its fireside chat from the following investor conference during June. On Tuesday, June 8, 2021, the Company will participate in the Stifel Cross Sector Insight Conference. The fireside chat will begin at 4:00 PM ET.
Trulieve Cannabis Corp., a leading and top-performing cannabis company in the United States, announced that CEO Kim Rivers will be participating in various investor conferences in June. Ms. Rivers will be a keynote speaker at Benzinga's Cannabis Capital Conference, Friday June 4, 2021 from 9:10-9:25 a.m. ET. The fireside chat will be hosted by Cheddar Reporter Chloe Aiello. Grizzle's CannabisCon will feature Ms. Rivers on a panel discussion and will be live streamed on YouTube June 7, 2021 starting at 11:00 a.m. ET. The Stifel 2021 Virtual Cross Sector Insight Conference is being held June 8-10, 2021. Ms. Rivers will be hosting one-on-one and group meetings on June 8th. Management will present and host one-on-one and group meetings at Oppenheimer's 21st Annual consumer Growth & E-Commerce Conference June 15, 2021. Ms. Rivers will be participating in the Robin Hood Investors Conference on June 16, 2021. 100% of ticket sales for this event go directly to the fight against poverty.
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