Experion Holdings (EXP.V) brand Citizen Stash introduced their five-gram gummy cannabis edibles into the Ontario market today, according to a press release.
The gummy product line has been designed for hte legal adult recreational market, and has already penetrated into Saskatchewan, British Columbia and Alberta before landing in Ontario. It’s perfectly complaint with Health Canada regulations, coming in two 5 mg THC cannabis gummies.
“The cannabis derivative, added value market continues to be one of the fastest growing segments nationally and we are happy to see our edible now in the largest cannabis market in Canada. We are also encouraged to see increasing demand across Canada for Citizen Stash products. We pay close attention to the ever-evolving tastes of consumers across the country who are clearly looking for quality alternatives to smoking cannabis, so we see a tremendous opportunity to expand our offerings in the “edibles” product vertical. We are excited with the addition of our Citizen Stash edible and believe it will have substantial appeal for consumers nationally and a corresponding positive impact on our revenue growth going forward,” said Jarrett Malnarich, CEO of Experion.
Experion Holdings is the holding company parent of Experion Biotechnologies, which is a licensed cannabis cultivator and processor out of Mission, B.C. They’re invested in a host of products involved in the markets for health and wellness, but also for adult-use and medical cannabis.
The intention behind the expansion is for Citizen Stash to tap into the CAD$2.7 billion cannabis 2.0 sector, with gummies being positive regarded as the preferred method of consumption for edibles according to Deloitte’s report: “Nuturing New Growth.”
Experion Holdings is up 21.2% on the news, and presently trading at $0.315.