Laurie Holcomb Says Cake Strains Were A Thing Year/2-Year Ago; If You're Not Growing Candy You're Out Of Market; Have To Move Fast; You Have To Follow Those Trends
Portfolio Pulse from Benzinga Newsdesk
Laurie Holcomb highlights the rapid pace of change in the cannabis market, noting that cake strains were popular a year or two ago, but now the trend has shifted towards candy strains. Companies need to adapt quickly to stay in the market.
April 16, 2024 | 7:42 pm
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POSITIVE IMPACT
As a company potentially involved in cannabis production, GRAM needs to adapt to market trends like the shift from cake to candy strains to stay competitive.
Given the rapid changes in consumer preferences within the cannabis industry, as highlighted by Laurie Holcomb, companies like GRAM that quickly adapt to these trends, such as the shift towards candy strains, are likely to maintain or improve their market position. This adaptability is crucial for staying relevant and competitive, potentially positively impacting GRAM's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 75
POSITIVE IMPACT
MSOS, an ETF that includes cannabis companies, could see an impact based on the industry's shift towards candy strains and the need for rapid adaptation to consumer trends.
MSOS, being an ETF that holds a portfolio of cannabis companies, is directly affected by the overall performance and adaptability of these companies to market trends. The emphasis on the need for rapid adaptation to consumer preferences, such as the shift from cake to candy strains, suggests that companies within MSOS's portfolio that successfully navigate these changes could positively influence the ETF's short-term performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70