Vegan Gummies With CBD, CBN & CBG Launching In Canada, Here's Where To Find Them
Portfolio Pulse from Jelena Martinovic
Rubicon Organics Inc. is launching Wildflower brand edibles with minor cannabinoids in four flavors. The gummies are made with all-natural ingredients and are vegan and gluten-free. The products will be available for ordering in British Columbia starting October 2023, in Alberta in November 2023, and in Ontario in February 2024. Rubicon’s shares traded 2.4465% lower at $0.319 per share after the market close on Monday.
October 24, 2023 | 1:18 pm
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NEUTRAL IMPACT
Rubicon Organics is launching a new product line which could potentially increase its revenues. However, the company's shares traded lower after the announcement.
The launch of a new product line could potentially increase Rubicon Organics' revenues. However, the market reaction to the announcement was negative, with the company's shares trading lower. This suggests that investors may have concerns about the company's ability to successfully market and sell the new products.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100