Summertime Smoke-Out: Marijuana Retreats, Pot-Inspired Yoga Classes And New Cannabis Stores
Portfolio Pulse from Jelena Martinovic
New cannabis experiences are emerging in the US, including cannabis yoga classes, retreats, and new dispensaries. Companies such as Trulieve Cannabis Corp., Cresco Labs Inc., and Body and Mind Inc. are expanding their retail presence.
June 26, 2023 | 12:58 pm
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POSITIVE IMPACT
Cresco Labs Inc. expands its Sunnyside brand with the opening of two new stores in Destin and St. Petersburg, Florida.
Cresco Labs Inc.'s expansion of its Sunnyside brand with two new stores in Florida demonstrates the company's growth in the state. This could result in increased sales and customer reach, positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Trulieve Cannabis Corp. relocates a medical dispensary in Fort Myers, Florida, celebrating its grand opening.
Trulieve Cannabis Corp.'s relocation and grand opening of a medical dispensary in Fort Myers, Florida, indicates the company's expansion in the state. This could lead to increased sales and customer reach, positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Body and Mind Inc. is set to divest its Muskegon, Michigan, dispensary after receiving all regulatory approvals to complete the transaction.
Body and Mind Inc.'s divestment of its Muskegon, Michigan, dispensary indicates a change in the company's strategy. The impact on the stock price in the short term is uncertain, as it depends on the company's plans for the proceeds from the divestment.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80