LOS ANGELES, CA / ACCESSWIRE / March 28, 2022 / Cannabis Global, Inc.
Over the past week, a considerable amount of attention has been focused on the Cannabis sector with two possible congressional actions to create a nationwide legal framework for both recreational and medical cannabis usage.
While we have not yet reported results for our most recently closed fiscal quarter, which ended on February 28, we expect the growth patterns we experienced late last year to continue.
Successful revamping of product mix: As the cannabis consumption in the primary metropolitan areas of California has matured, cannabis customers are demanding a variety of new products.
These grants are now being marketed through Cannabis Global and we are working with Caliwanna‘s staff to immediately bring our current products to a much wider dispensary audience throughout California.
Vertical integration: While we are more than pleased with our current revenue growth rate, our newly designed products, and our enhanced sales, marketing and distribution capabilities, it is our belief that in order to be truly competitive in the crowded California cannabis sector companies must have elements of vertical integration in order to maintain competitive cost models.
Moving forward through the rest of 2022: We are very optimistic about our future and the rest of this year.
Our subsidiary, Natural Plant Extract , is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace.
Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
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