Christine Smith Says We Spent 6 Months Figuring Out Ratio Of That Product [Tangelo] Was And Doing Studies Internally On How That Would Look, Looking At Data, Looking How Product Performed And Bringing Out Flavor Profile; Looking At Data Of What's Really Hot; Looking At What Markets We think It's Going To Do Well; Within First 30 Days Took 12% Of Our Revenue Across Gummies; Very Good Return On Investment With Innovation
Portfolio Pulse from Benzinga Newsdesk
Christine Smith discussed the extensive six-month research and development process behind their new product, Tangelo, which included analyzing data and market trends to refine its flavor profile. The product quickly proved successful, capturing 12% of the company's revenue from gummies within the first 30 days, indicating a strong return on investment from this innovation.
April 17, 2024 | 6:19 pm
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POSITIVE IMPACT
The success of Tangelo, as discussed by Christine Smith, indicating a strong return on investment and significant revenue impact, could positively influence MSOS, reflecting the growing market interest and financial success in the cannabis sector.
Given the article's focus on the successful launch and revenue impact of a new cannabis product, Tangelo, it suggests a positive market response and potential growth within the cannabis sector. MSOS, being related to the cannabis industry, could see a positive short-term impact as investors may view this success as indicative of broader sector growth and innovation.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75