Jones Soda Set to Sparkle in Michigan's Cannabis Market by Year-End

Published 1 year ago Business & Industry
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Jones Soda Co., known for its bold flavors and unique branding, recently announced its financial results for the third quarter of 2023, which ended on September 30th. Amidst the financial details, a significant highlight for Michigan residents is the company's imminent expansion into the state's burgeoning cannabis market.

Focusing on Michigan Expansion

  • Michigan Launch Timeline: David Knight, President and CEO of Jones Soda, expressed optimism about the company's strategic growth, specifically mentioning plans to launch in Michigan by the end of the fourth quarter. This move signifies a substantial step for Jones Soda's cannabis division, Mary Jones, as Michigan represents a key market in the rapidly evolving cannabis industry.
  • Cannabis Business Growth: While the overall revenue of Jones Soda saw a slight decline to $4.5 million from $4.8 million in the same quarter last year, the Mary Jones cannabis sector exhibited a remarkable year-over-year revenue increase of 93%, totaling around $220,000. This growth is a testament to the brand's increasing popularity in the cannabis sector, and the Michigan market is expected to contribute significantly to future revenue streams.

Other Financial Highlights

  • Improved Profit Margins: The company saw an improvement in gross profit margin, reaching 32.9% compared to 26.9% in the third quarter of 2022.
  • Reduced Net Loss: There was a reduction in net loss to $0.9 million, down from $1.7 million year-over-year.
  • Adjusted EBITDA: The adjusted EBITDA loss decreased to approximately $862,000, compared to a loss of $980,000 in the previous year's quarter.
  • Stable Cash Position: The company reported $5.2 million in cash and equivalents as of September 30th, 2023.

With the Michigan market showing a strong appetite for innovative cannabis products, Jones Soda's entry could be a game-changer. The company is not only focusing on expanding its geographic footprint but is also working on bringing new cannabis-infused flavors and formats to the market. This expansion is anticipated to bolster Jones Soda's position in the cannabis industry and contribute to its overall growth trajectory. Michigan residents can look forward to experiencing Mary Jones' unique offerings in the cannabis sector as the company gears up for its end-of-year launch in the state.


Private Reserve OG from Premier Cannabis Farms - A Review and Insightful Interview

Published 1 year ago Products & Reviews
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Our friend, Gas & Middies, recently explored Premier Cannabis Farms' Private Reserve OG, a notable parent strain of their Spartan OG. This product, purchased at House of Dank for $30, stems from a craft grow operation near Lansing/East Lansing, Michigan.

About Premier Cannabis Farms

  • Location: Potterville, MI, near Lansing.
  • Approach: Artisanal, with a focus on hands-on processes including hand-watering, trimming, and packing.
  • Size: Small-scale, with 65 flower lights and six full-time employees.
  • Products: Known for strains like 517HEADBAND, TRIKS, and Rainbow Runtz.
  • Special Features: Utilizes double-ended lights, organic nutrients, and a peat-based soilless medium.

Insights from the Interview

  • Premier Cannabis Farms emphasizes traditional growing methods without compromising quality for profit.
  • They engage in in-house pheno searching for unique strains, avoiding reliance on investors or celebrity endorsements.
  • The team has a strong connection to East Lansing and Michigan State University.
  • Packaging choice: Glass jars over Mylar to reduce plastic usage and preserve quality.
  • Future plans include collaborations for concentrates and new strain releases.

Private Reserve OG Review

  • THC: 24.57%, CBD: 0.058%
    • Total Cannabinoids: 29.511%.
  • Terpene Profile: High in D-Limonene, Linalool, and B-Myrcene.
  • Appearance: Large, fluffy nugs that break down smoothly.
  • Aroma & Flavor: A unique blend reminiscent of cream soda with a hint of lemon, offering a creamy, sweet, and earthy experience.
  • Overall Impression: Premier Cannabis Farms excels in producing OG strains, with Private Reserve OG being a standout for its unique taste profile and quality cultivation.

Conclusion

Premier Cannabis Farms represents what many seek in a cannabis grower: a small, artisanal operation that balances traditional and innovative strains, presented in eco-friendly packaging. For OG lovers, Private Reserve OG and Spartan OG are highly recommended. Premier Cannabis Farms is a testament to the impact of smaller, quality-focused growers in the cannabis industry.


For a more detailed review and the full interview, visit Gas & Middies. Your source for Michigan cannabis reviews & information. Finding the gas ⛽ through all of the middies 🥱



Over 2,500 Thanksgiving Turkeys to be Donated by Puff Cannabis Company

Published 1 year ago Culture & Lifestyle
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In the rapidly evolving landscape of Michigan's cannabis market, Puff Cannabis Company has emerged as a notable player, not only for its high-quality cannabis products but also for its deep commitment to community engagement. Founded and led by Justin Elias, Puff Cannabis Company has, in a span of just four years, expanded its footprint to 12 dispensary locations across Michigan, with plans for further expansion in 2024.

Justin Elias, the Founder and President of Puff Cannabis Company, articulates his vision with a clear sense of purpose and passion. "From the outset, our goal has been twofold: to provide top-notch cannabis products and to cultivate a team that is both knowledgeable and focused on our customers," Elias stated. This dual focus on quality products and customer service has been a cornerstone of the company's rapid growth and success.

As the Thanksgiving season approaches, Puff Cannabis Company is demonstrating its commitment to the communities it serves in a tangible and impactful way. In an initiative that transcends mere business operations, the company has announced that it will be giving away over 2,500 turkeys to those in need. This generous act is not limited to their customers but extends to anyone in need within their community. This initiative is a clear reflection of the company's ethos of giving back to the society that supports them.

With dispensaries located in key areas including Madison Heights, Utica, Bay City, Hamtramck, Traverse City, Oscoda, Sturgis, River Rouge, Kalamazoo, and Monroe, Puff Cannabis is not just expanding its business footprint; it is also deepening its community roots. This approach of growing alongside the community is a testament to the company's understanding of its role as a corporate citizen.

Reflecting on his personal experiences, Elias shared his thoughts on the significance of the Thanksgiving holiday. "Thanksgiving is a time for families to come together and celebrate. It's also a time to remember those less fortunate," he remarked. This sentiment is deeply ingrained in the company's philosophy and is evident in their community-focused initiatives.

  • River Rouge, 11397 W. Jefferson – Wednesday, November 15
  • Hamtramck, 11931 Joseph Campau – Wednesday, November 15
  • Madison Heights, 2 Ajax Drive – Friday, November 17
  • Utica, 44825 Van Dyke Ave – Friday, November 17
  • Monroe, 14750 LaPlaisance Rd. Suite 180 – Friday, November 17
  • Kalamazoo, 4305 Portage St – Friday, November 17
  • Oscoda, 635 S. State St – Saturday, November 18
  • Bay City, 1680 Marquette Ave – Saturday, November 18
  • Sturgis, 651 Wade Rd. – Tuesday, November 21
  • Traverse City, 1226 S Garfield Ave – Saturday, November 18

Puff Cannabis Company's approach to business in Michigan's cannabis industry sets a benchmark for others. It's not just about being a successful business but also about being a responsible and contributing member of the community. As the company continues to grow and expand, its commitment to quality products and community support remains unwavering, making it a distinguished name in Michigan's cannabis sector.


Mike Tyson to Celebrate Launch of Westland's First Recreational Cannabis Dispensary

Published 1 year ago Business & Industry
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Michigan's cannabis community is buzzing with excitement as boxing icon Mike Tyson is set to grace the grand opening of LIV Cannabis: Westland, the city's inaugural recreational cannabis dispensary. This landmark event, hosted by Common Citizen retail partner LIV Cannabis, is scheduled for Sunday, November 12th, at 1:30 p.m. at 37655 Ford Road, Westland.

In a move that blends sports fame with cannabis culture, Tyson will be present to commemorate this significant milestone in Michigan's cannabis industry. The opening of LIV Cannabis: Westland not only marks a new chapter for the city but also highlights the growing acceptance and integration of cannabis in mainstream society.

The celebration kicked off earlier, on Friday, November 10th, with a special offer for the first 120 customers purchasing the $60 Tyson 2.0 Knockout Bundle at LIV Cannabis: Westland. These early birds will be rewarded with a VIP wristband, granting them an exclusive meet and greet opportunity with Tyson himself on November 12th. The Tyson Bundle, a testament to Tyson's foray into the cannabis market, includes two 3.5-gram flower packets, two 1-gram distillate cartridges, and two 200-mg Mike Bites packages. This bundle, showcasing Tyson's premium cannabis line Tyson 2.0, under the umbrella of parent company Carma HoldCo, is also available through November 12 at all LIV Cannabis stores across Michigan, including Pure Lapeer and Xplore Cannabis Co. in Lapeer.

"We are ecstatic to welcome the champion, Mike Tyson, back to Michigan to celebrate this pivotal opening," expressed Michael Elias, CEO of Common Citizen. "It's an honor to offer our customers exclusive access to Tyson's high-quality, safe, and affordable cannabis products, which align perfectly with our mission to provide unique cannabis experiences."

Adam Wilks, Co-founder and CEO of CarmaHold Co., reflected on the growth trajectory, "The launch of LIV Cannabis: Westland builds on the successful partnership we initiated with the Common Citizen team in 2022. Their dedication has been instrumental in introducing our premium products to Michigan's cannabis enthusiasts. We look forward to this continued expansion and more openings in the future."

Tyson 2.0's collaboration with Common Citizen extends beyond retail, encompassing a cultivation partnership where Tyson's cannabis line is grown in a state-of-the-art hybrid greenhouse in Marshall, Michigan. Tyson 2.0 products are widely available across Michigan, including all Common Citizen retail partner locations.

Mike Tyson, a former undisputed world heavyweight champion and now an entrepreneur and actor, is a prominent advocate for cannabis. His partnership with Common Citizen reflects a shared vision of promoting cannabis's wellness benefits to a diverse audience.

"Our ongoing collaboration with Common Citizen is rooted in our mutual goal of connecting people through cannabis," Tyson, now the Chief Brand Officer for Tyson 2.0, stated. "As someone whose life has been positively transformed by cannabis, I am passionate about making these safe, high-quality, and affordable products accessible to more people, starting here in Westland and across all Common Citizen retail partner locations."

As Michigan's cannabis landscape continues to evolve, the entry of celebrities like Mike Tyson into the market underscores the industry's dynamic nature and its broadening appeal. The grand opening of LIV Cannabis: Westland is more than just a new store launch; it's a celebration of the growing synergy between sports, culture, and cannabis in today's society.


H.R.E.A.M. Swap Meet - Special Selections Series (Part 2)

Published 1 year ago Events & Conferences
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The cannabis community in Michigan is eagerly anticipating the upcoming H.R.E.A.M. Swap Meet event, set to occur on Saturday, November 18th, 2023, from 3 PM to 9 PM EST. The event, part of the ongoing Special Selections Series, promises an enhanced, intimate experience for cannabis enthusiasts and industry professionals.

  • Date: Saturday, November 18th, 2023
  • Time: 3 PM to 9 PM EST
  • Venue: Location to be Announced in Grand Rapids
  • Tickets: $15 for general admission

As the second installment in the Special Selections Series, this event is designed to provide a more personal and engaging atmosphere. The H.R.E.A.M. Swap Meet has established itself as a hub for cannabis connoisseurs and newcomers alike, offering a unique platform for networking, education, and exploration of the latest trends in the cannabis industry.

While the precise location in Grand Rapids remains to be announced, the event organizers promise a venue that complements the exclusive nature of the event. The choice of Grand Rapids as the host city highlights the growing significance of Michigan in the national cannabis landscape, reflecting the state's progressive stance and booming cannabis market.

Participants can expect a curated experience that goes beyond the typical trade show or expo. The event aims to foster a deeper understanding and appreciation of cannabis, its uses, and its evolving role in both medicinal and recreational spheres. Attendees will have the opportunity to interact with leading experts, growers, and retailers, gaining insights into the latest products, technologies, and best practices in the industry.

The Special Selections Series Part 2 is more than just an event; it's a celebration of the vibrant and diverse cannabis community in Michigan. It's an opportunity for individuals to connect, share experiences, and learn from one another in a welcoming and inclusive environment.

Stay tuned for further announcements regarding the event location and additional details. This gathering is an essential date for the calendar of anyone interested in the dynamic world of cannabis in Michigan. Whether you're a seasoned aficionado or new to the scene, the H.R.E.A.M. Swap Meet offers a unique and enriching experience that encapsulates the spirit and innovation of the cannabis community.

For more information and updates, follow them on Instagram.


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Nasdaq Grants Agrify Corp Stay on Listing Suspension Pending Formal Hearing

Published 1 year ago Business & Industry
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In a recent development, Agrify Corp. (NASDAQ: AGFY), a prominent player in the marijuana technology industry, has received a critical extension from the Nasdaq stock exchange regarding its listing status. This development comes amidst the company's ongoing efforts to comply with Nasdaq's stringent listing requirements.

Agrify, headquartered in Troy, Michigan, has been grappling with compliance issues after failing to submit several financial reports on time. In October, the company was formally notified of its non-compliance with Nasdaq's listing rules, a situation that posed a significant threat to its continued presence on the stock exchange.

However, in a positive turn of events, Agrify announced in a press release on Wednesday that the Nasdaq has granted a stay on any potential suspension of its listing. This stay is set to last until a formal hearing is conducted, followed by a final decision from the Nasdaq panel. This development offers a crucial respite for Agrify, allowing it more time to rectify its compliance issues.

The company has expressed its commitment to completing and auditing the overdue financial reports before submitting them. Despite this assurance, Agrify has cautioned that there is no guarantee that it will be able to file the delayed reports within the extended period allowed by the Nasdaq panel.

In the interim, Agrify's shares continue to be traded on the Nasdaq under the ticker symbol AGFY. Earlier in July, the company took a strategic step to consolidate its shares, a move aimed at maintaining its listing status on the Nasdaq. This step underscores the company's proactive approach to addressing the challenges posed by the stringent listing regulations.

This ongoing situation highlights the complexities and regulatory challenges faced by companies in the rapidly evolving marijuana technology sector. As Agrify navigates these hurdles, its efforts to remain compliant and retain its listing on a prestigious stock exchange like Nasdaq will be closely watched by industry observers and stakeholders. The outcome of this situation could have broader implications for the sector, emphasizing the importance of regulatory compliance in an industry that is still finding its footing in the mainstream financial world.


For those interested in the financial side of the cannabis industry, an exclusive opportunity awaits. By signing up through our Robinhood referral link, you might secure a free portion of Agrify stock, making you a part of the groundbreaking journey of companies like Agrify in the cannabis sector. Explore this chance and potentially start your investment journey in the burgeoning cannabis market.