Irwin Naturals THC Products To Launch In Colorado

Irwin Naturals Inc. IWINF IWIN (FRA:97X) has licensed its brand to Larsen Group II LLC, a Colorado manufacturer of cannabis products that will produce and distribute formulas such as Irwin Naturals Power to Sleep with THC.

Irwin’s CEO, Klee Irwin, stated, “I’m pleased with how quickly our team is lining up distribution across the US in what is now already our 3rd state in about a month. Larsen Group II LLC was selected because of their growth-focused mindset and operational excellence. Important, they have one of the broadest distribution bases in the state – a state with $2.2 billion in cannabis sales last year.

Irwin continued, “Licensing is a win-win approach for three reasons. It provides significant tax advantages to us, it greatly reduces our need for cash investment to set up factories and distribution systems in each state and most importantly, it allows us to carpet the countries with dispensaries selling Irwin Naturals formulas infused with THC in a remarkably short period of time as we embark on this land-grab to become the world’s first household name brand in cannabis. Our partners in CA, CO and NM are now able to distribute a brand known by over 100 million North Americans, with high trust ratings and a loyal customer base.”

Photo: Courtesy of Esteban Lopez on Unsplash

Related News

Novamind To Offer Ketamine Treatment To Frontline Workers Who Suffer Pandemic-Related Distress

Irwin Naturals Continues To Expand In Psychedelics Space, Acquires New Ketamine Clinic

Irwin Naturals And Assurance Laboratories Reach Licensing Agreement For THC Products In New Mexico

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsPenny StocksMarketsKlee IrwinLarsen Group II LLC
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!
CCC-Oct-24-Banner-1

Click on the image for more info.

Cannabis rescheduling seems to be right around the corner

Want to understand what this means for the future of the industry?

Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. 

Get your tickets now before prices surge by following this link.