Angela Pih Says Bud Tender Affect 40%-70% Of Conversion; You're Talking To Important People Within Industry; 9-10/8-10 Consumers Want To Buy Something
Portfolio Pulse from Benzinga Newsdesk
Angela Pih noted that Bud Tenders influence 40%-70% of conversion rates in the cannabis industry, highlighting their importance in consumer purchasing decisions. The statement suggests that 80% to 90% of consumers are inclined to make a purchase, underlining the critical role of Bud Tenders in the sector.
April 17, 2024 | 2:34 pm
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POSITIVE IMPACT
The emphasis on Bud Tenders' impact on sales could signal a positive outlook for the cannabis sector, potentially benefiting MSOS, a cannabis-related ETF.
Given the significant influence of Bud Tenders on consumer purchasing decisions in the cannabis industry, as highlighted by Angela Pih, it's reasonable to infer a positive impact on the sector. This could lead to increased sales and growth within the industry, potentially benefiting MSOS, an ETF that tracks the performance of U.S. companies in the cannabis sector. The ETF might see a positive short-term impact as investor sentiment around the cannabis industry improves, driven by effective marketing and sales strategies.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70