Product Expansion

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Bespoke Extracts, Inc. Announces Financial Results and Strategic Rebranding for the First Quarter Ended March 31, 2025
Globenewswire· 2025-07-01 15:16
Core Insights - Bespoke Extracts, Inc. has successfully rebranded as The Joint Company (TJC) and launched new products, Doobskis and Dutch Blunts, which are gaining traction in Colorado's cannabis market [3][5] - Despite an 8.8% contraction in Colorado's regulated cannabis market, the company achieved year-over-year revenue growth [5] - The company is focused on expanding its market share and optimizing operations for sustainable growth [8] Financial Highlights for Q1 2025 - Revenue increased to $263,159, up 1.0% from $260,428 in Q1 2024, driven by strong sales of branded pre-rolled joints [7] - Gross profit rose to $110,779 from $102,581 in Q1 2024, supported by improved production efficiencies [7] - Operating expenses decreased to $356,117 from $405,384 in Q1 2024, reflecting lower stock-based compensation and reduced salaries [7] - Net loss decreased to $260,521 from $314,118 in Q1 2024 [7] Operational Highlights - Daily pre-roll production increased by 32% compared to Q1 2024, enhancing TJC's competitive processing capabilities [8] - The company achieved cost efficiencies in raw materials, packaging, and labor, boosting gross margins despite increased marketing costs [8] - Management is exploring expansion into other state-regulated cannabis markets, leveraging successful operations in Colorado [8] Fiscal Q2 2025 Outlook - Projected revenue for Q2 2025 is expected to exceed $385,000, compared to $278,163 in Q2 2024, driven by strong demand for new product lines [11] - Continued improvements in manufacturing processes are anticipated to support higher production volumes and consistent product quality [11] - Enhanced production efficiencies and cost management are projected to drive higher gross margins [11]
Verano Announces Exclusive Partnership with Award-Winning Arizona Cannabis Operator Grow Sciences to Bring its Best-In-Class Products to Illinois
Globenewswire· 2025-06-19 10:00
Grow Sciences flower, pre-rolls, solventless extracts, vaporizers and edibles will initially be sold exclusively at Zen Leaf dispensaries in the Illinois market CHICAGO, June 19, 2025 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced an exclusive partnership with Grow Sciences, a cultivator of elite genetics in craft cannabis formats, to bring a suite of the Arizona-based company’s premier flower and ...
HOOD's May 2025 DARTs Rise Y/Y: Is Product Expansion a Catalyst?
ZACKS· 2025-06-12 16:01
Key Takeaways HOOD's May 2025 equity, options and crypto DARTs rose 15%, 50%, and 66.7% year over year, respectively. Robinhood launched new products like Futures, Index Options, and U.K. trading to expand its client base. HOOD shares surged 101% YTD, with 2025 and 2026 earnings projected to grow 11.9% and 20.5%, respectively.Robinhood Markets, Inc. (HOOD) has released the monthly operating data for May 2025. It reported a rise in equity, options, and crypto Daily Average Revenue Trades (DARTs) from the y ...
Launch of 60-Count Sleep Gummies into the Middle Eastern Markets Drives Further Growth of Delivra Health Brands' Dream Water(R) Brand
Newsfile· 2025-05-08 21:05
Core Insights - Delivra Health Brands Inc. is launching its new 60-Count Sleep Gummies in Middle Eastern markets through its Kuwait-based distributor, expected to be available by July 2025 [1][2] - The product expansion aims to leverage existing traction from Dream Water® Sleep Gummies in Canadian and U.S. markets, enhancing consumer choice in the Middle East [2] Company Strategy - The strategic partnership with local distributors is intended to unlock new growth opportunities by utilizing their regional market insights and proven performance [2] - The introduction of the 60-Count Sleep Gummies complements the existing Dream Water® liquid shots, reinforcing the brand's growth strategy in the health and wellness sector [2] Product Information - The 60-Count Sleep Gummies are part of Delivra Health's portfolio, which includes innovative brands like Dream Water® and LivRelief™, aimed at providing relief from issues such as chronic pain, anxiety, and sleeplessness [6]
Product Expansion Powers Garmin's Outdoor Category Sales Growth in Q1
ZACKS· 2025-05-01 14:10
Garmin Ltd. (GRMN) delivered a strong start to fiscal 2025, fueled by an impressive performance in its Outdoor segment. While overall first-quarter results were mixed, missing the Zacks Consensus Estimate on revenues and earnings, the company still posted an 11% year-over-year increase in total sales, reaching a record $1.54 billion. Much of that growth came from the Outdoor business, which is quickly becoming Garmin’s most important and profitable unit.In the first quarter, Outdoor segment sales jumped 20% ...
FLUENT Expands KNACK Product Portfolio with Multipack Pre-Roll Launch in New York
Globenewswire· 2025-04-30 13:05
Core Insights - FLUENT Corp. is expanding its KNACK product line in New York with the launch of KNACK (Lit)les, a multi-pack of pre-rolls designed for both medical and adult-use consumers [1][2] - Each KNACK (Lit)les tin contains five 0.35g pre-rolls, providing a convenient smoking experience [1] - The premium cannabis flower for KNACK is grown in the Adirondacks using advanced indoor techniques, ensuring high quality and consistent potency [4] Company Overview - FLUENT Corp. operates as a national cannabis consumer packaged goods company and retailer, focusing on operational excellence in cultivation, production, distribution, and retail [6] - The company has a diverse portfolio of brands, including MOODS, Knack, Wandr, Bag-O, and Hyer Kind, and operates in Florida, New York, Pennsylvania, and Texas [6] - FLUENT employs over 700 staff across 8 cultivation and manufacturing facilities and 42 active retail locations [6] Future Plans - FLUENT plans to expand the KNACK brand into Florida in Q2 2025, aiming to enhance consumer experience [5] - The initial KNACK (Lit)les lineup includes Purple Starfruit and Citron strains, with more strains to be introduced soon [4]
Zynex CEO eyes new growth as company pushes forward with product expansion
Proactiveinvestors NA· 2025-04-29 20:26
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...