Cannabis Briefs for September 14, 2021September 14, 2021
•Los Angeles-based Amass, which markets botanical-focused spirits including gin and vodka as well as candles, lotion, soap, and bath salts, is entering the cannabis category. In collaboration with cannabis venture studio OpenNest Labs it’s launching Afterdream, an ultra-premium non-alcoholic cannabis beverage. With aromatics including sumac, sorrel, and lemon peel as well as terpenes like Limonene and Eucalyptol, Afterdream contains 60mg each of THC, CBD, and Delta-8 per bottle with the intention that it be sipped on the rocks or with tonic water for a serving of 3.5mg of all three cannabinoids. Afterdream is available in California at Sweet Flower dispensary locations and online for $70 a bottle.
•New York-based Acreage Holdings suffered “extensive damage” to its cultivation facility in Sewell, New Jersey from Hurricane Ida. The cultivation center is not yet operational and, prior to the storm, was expected to open in the first quarter of next year. “The damage will significantly delay the opening of the Sewell cultivation center,” said Steve Goertz, Acreage’s CFO, further stating that it is now unlikely to meet its scheduled start date but that the delay should not have a material impact on the company’s current financial situation. Currently present in Massachusetts, Acreage is partnered with Canopy Growth and plans to merge with it, pending federal legalization in the U.S.
•Vaporizer maker Storz & Bickel unveiled updates to some of its most popular products. Its famed Volcano vaporizer, which is not a portable pen but a tabletop oven that fills a plastic bag with vapor, is receiving two line extensions with the Volcano Onyx duo which feature a black exterior and various improvements: the Onyx Hybrid will be priced at $700 and the Onyx Classic will be at $480. Additionally, enhanced versions of the Crafty and Mighty vape rigs, called Crafty+ and Mighty+, will also debut later this month, featuring faster charging, faster heating, ceramic coating on the interior chamber for damage resistance and easier cleaning. Storz & Bickel, a German company, was acquired by Canopy Growth in late 2018.
•Vertical Wellness, the CBD company headed by drinks industry veteran Smoke Wallin, is launching a CBD sparkling water in partnership with Just Live and CanaFarma. Just Live, which targets athletes and fitness enthusiasts with its products, is partnered on an eponymous line of CBD sparkling water that will include the flavors Meyer Lemon, Cran-Raspberry, Lime with Mint, Clementine, Mixed Berry, and Grapefruit. Each serving contains 25mg of CBD for a non-intoxicating effect. The line will be launching in select markets nationwide.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning. You will also receive the Cannabis edition as part of your subscription.
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