NY Cannabis Giant The Cannabist Strengthens Presence In East Coast Market Via Brand Debut

The New York cannabis giant The Cannabist Company Holdings Inc. (Cboe CA: CBST) CBSTF 3LP has debuted its brand Seed & Strain in Pennsylvania.

What Happened: Seed & Strain is introduced to consumers in Pennsylvania with 1.0-gram vape cartridges and whole flower. It's available at the Columbia Care locations in Allentown, Scranton and Wilkes-Barre and across wholesale channels.

Why It Matters: Seed & Strain is now available in 11 markets nationwide, including California, Colorado, Delaware, Illinois, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, Virginia and West Virginia.

Read Also: These Two Cannabis Stocks Face Setback Following Pennsylvania Budget Approval: What You Need To Know

From whole flower, pre-rolls, vapes, and concentrates to tinctures, topicals and more, new offerings were made available over the last year including the introduction of popular items like disposable vapes in New Jersey, Massachusetts and Virginia.

"We're excited that our patients in Pennsylvania now have access to a variety of flower strains and therapeutic carts," said Jesse Channon, president of The Cannabist Company. "We are dedicated to the Keystone State and are encouraged to see the support increasing for the market to evolve into adult use. Now is the perfect time to introduce our brands and their top-notch qualities, as we look to grow our wholesale program with branded and manufactured products."

What's Next: The Cannabist said additional products will be available in the coming weeks pending regulatory approval.

Meanwhile, earlier this year, the New York-based company expanded via Airo Brands, a multi-state cannabis company focused on proprietary, cutting-edge vapor delivery platforms and high-quality oils, in Pennsylvania and Virginia.

Additionally, under the partnership with Revelry Herb Co. The Cannabist Company supplies a curated collection of strains for Revelry’s flower and pre-roll offerings, now available in The Keystone State as well as in Massachusetts and New Jersey. The company said that in April, products will also launch in Maryland, New York and Ohio, pending regulatory approval.

Read Next:

• Gov Josh Shapiro Says He’ll Push For Marijuana Legalization In Pennsylvania Despite Setbacks

CBSTF Price Action

The Cannabist's shares traded 6.25% lower at $0.225 per share after the market close on Tuesday afternoon.