A few players appear to be thriving:
- Colorado edibles brand 1906 raised $18M by promising it can quadruple sales in a year. The lead investor was Navy Capital. Business Insider has the pitch deck. 1906 CEO Peter Barsoom, who plans to stay private for now, called struggling public companies “the Pets.com and Webvans of the cannabis space.”
- Cannabis stocks which gained more than 20% in October include packaging and branding outfit KushCo Holdings, Florida producer and retailer Trulieve, Canadian extraction company MediPharm Labs, and San Diego CBD company CV Sciences.
New Cannabis Ventures
- A report from (WeedWeek advertiser) BDS Analytics and ArcView anticipates continuing growth in California.
- Colorado-based Medicine Man Technologies is on a $300M buying spree, enabled in part by a loosening of Colorado cannabis investing law.