Cannabis-focused health and wellness company Neptune Wellness Solutions Inc. NEPT NEPT is launching Mood Ring's new cannabis pre-roll product line in Alberta and Ontario.
Initially available in the popular Florida Citrus Kush strain in 2 x 0.5-gram format, Mood Ring pre-rolls will hit shelves in Alberta and Ontario in January.
Michael Cammarata, the company's CEO, said Monday that they are "pleased to introduce this in-demand format to our popular Mood Ring product mix."
Cammarata continued, "With sales up almost 200% year over year, pre-rolls have become a top three best-selling product category in Ontario as consumers increasingly seek them out for their accessibility and convenience."
The Laval Quebec-based company said that it plans to introduce several new Mood Ring product formats across Canada, including:
- Jack Flash Distillate applicators across Alberta and Ontario, and Pure Kush distillate applicators in Alberta.
- Craft Golden Berry dried flower in Alberta, British Columbia, and Ontario.
- High THC Oil in Alberta.
- THC/CBD Balanced Oil in Ontario.
"These product launches signify Neptune's emergence as a diversified, high-quality cannabis company with a complete offering across the major cannabis forms," Cammarata explained. "We continue to execute on our strategy to deliver profitable growth through our cannabis business, and we look forward to adding additional branded products to our licensed Canadian footprint over the coming year."
Related News
- Neptune Sells New Sustainable Mood Ring Vapes In Canada, Part Of Proceeds Support Planting Trees
- Neptune Wellness Obtains U.S. Patent For Its Original Cannabis Extraction Process Using Organic Solvents
- Neptune Wellness Announces New Products, Business Transformation, Management Changes, Lawsuit Updates
NEPT Price Action
Neptune Wellness' shares traded 1.95% higher at $0.3772 per share at the time of writing on Tuesday morning.
Photo: Courtesy of Neptune Wellness Solutions
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Click on the image for more info.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry?
Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.
Get your tickets now before prices surge by following this link.