Cannabis One (CSE: CBIS) (OTC: CAAOF) over the years has steadily been increasing its market profile with continued acquisitions and partnerships with leading cannabis companies and distributors. The company’s “The JointTM” retail store opened in 2016 and now offers a huge selection of cannabis products from concentrates, edibles, topicals, tinctures, and more.
This growth saw it move to the California market, a market with a projected value of more than $5 billion. It recently announced its intent to acquire a majority ownership in 420 Express Delivery which operates Green Leaf Wellness in the Coachella Valley. The move will see it being rebranded to “The Joint” with four additional California locations planned in the future.
Cannabis One’s expansion also saw it acquiring the Fat Face Farms, a Denver, Colorado based family-owned recreational cannabis producer. With this, the company’s product lineup now includes Fat Face’s dried cannabis flower strains. Other additions include an exclusive multi-state territorial licensing and royalty agreement with Cheech’s Private Stash (CPS), another cannabis brand owned by Cheech Marin of the comedy duo Cheech and Chong.
The company plans to build on their success by continuing to acquire and work wit premium brands to bring better value to its customers. Cannabis One is working to improve its product lineup by bringing a number of well-known brands which includes West Edition Cannabis Concentrates, Fleur Cannabis, Evergreen Organix, Strainz, Bronner, and Honu.
Cannabis One with its recent acquisition of 420 Express Delivery also plans to expand its operations in another 20 locations in state-legal jurisdictions across the US this year. With a strong position in Colorado and its move to the lucrative California market, the company is poised to take full advantage of the country’s two biggest cannabis markets.
The company currently operates in five states, California, Colorado, Nevada, Oregon, and Washington. Future expansion plans have the company setting its eyes in another five states, Alaska, Maine, Massachusetts, Michigan, and Vermont.
What Makes Cannabis One a Good Investment?
Cannabis One’s move to improve its market presence by answering the needs of consumers through its acquisition of premium cannabis brands and increasing its outlets, gives it more targeted approach to improving its revenues. By opening more locations and constantly improving its cannabis product lineup, it has stuck to its strength which is making high-quality cannabis products readily available to the market. The stock has almost doubled in value this year and appears to remain on a sound trajectory of growth,
About the Company
Cannabis One Holdings Inc. (CSE : CBIS) is focused on aggregating and optimizing popular cannabis brands throughout North America. With its unique, franchise-ready retail brand, The JointTM, and through targeted acquisition and partnership opportunities, Cannabis One intends to become the premier, globally-recognized, “House of Brands”, holding a client portfolio of award-winning products with an extensive market footprint. Through the Company’s The JointTM retail concept, Cannabis One intends to leverage the consumer and brand data harvested from its retail locations to bring data-driven analytics to an emerging, branded industry. For consumers, Cannabis One desires to become the definitive source for unparalleled product selection and renowned service in an otherwise fragmented market.