Item 9 Labs February Unit Sales Grow 30% YOY

Item 9 Labs a cannabis brand from Item 9 Labs Corp. INLB—clipped a 30% increase in unit sales for February 2023 compared to February 2022, while continuing to increase its profit margins.

“The Arizona cannabis market has been riding the wave of Super Bowl through to spring training and the upcoming 4/20 cannabis holiday,” stated the company’s CEO Mike Weinberger. “With this, we are optimistic that our award-winning cannabis products will continue exceeding expectations and meeting consumer demand in the coming months.”

The brand’s ongoing positive momentum in 2023 was also recently elevated with a podium finish at the Spring Errl Cup, cannabis awards and festival event, that took place March 11-12, 2023 in Mesa, Ariz. Item 9 Labs’ Dosi Whoa cannabis strain earned a third-place award in the “Sativa Flower” category.

“Our increasingly positive performance showcases the true attention to quality driving the Item 9 Labs brand in Arizona,” continued Weinberger, noting that the state has become one of the ten most successful adult-use markets in the country.

Along with the recent win, Item 9 Labs received two second-place awards and two third-place awards at the Fall Errl Cup across the various vape, concentrate, and pre-roll categories, bringing the brand’s total achievements to over 30 podium finishes since its inception in 2017.

Benzinga's Cannabis Capital Conference Is Back

The most successful cannabis business event in the world, the Benzinga Cannabis Capital Conference, returns to Miami for its 16th edition. This is the place where DEALS GET DONE, where money is raised, M&A starts, and companies meet investors and key partners. Join us at the Fontainebleau Miami Beach Hotel in Florida on April 11-12. Don’t miss out. Secure your tickets now. Prices will surge very soon.

Photo by Diyahna Lewis on Unsplash

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsPenny StocksMarketsMike Weinbergerpremium
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!

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 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.


Loading...