Products With This Rare Weed Compound Hit Shelves In Three Canadian Provinces And More
Portfolio Pulse from Jelena Martinovic
Cronos Group Inc. (NASDAQ:CRON) (TSX:CRON) has announced the launch of two new THCV-infused products, Spinach FEELZ Full Tilt THCV vape and gummy, in Alberta, British Columbia, and Ontario. The company also plans to launch a THCV-infused pre-roll under the Spinach FEELZ brand in 2024. Meanwhile, New York's Craft Cannabis announced the debut of its Superflux craft cannabis brand in New Jersey on November 1.
October 30, 2023 | 2:32 pm
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Cronos Group's launch of new THCV-infused products could potentially increase its market share and revenues, positively impacting its stock price in the short term.
The launch of new products often leads to increased sales and revenues, which can positively impact a company's stock price. Given the growing popularity of cannabis products, Cronos Group's new THCV-infused products could attract a significant number of customers, potentially leading to a rise in its stock price.
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