Business
MUSH PROVIDES UPDATE ON CANNABIS BRANDS SALES AND USA MUSHROOM DISTRIBUTION
MUSH PROVIDES UPDATE ON CANNABIS BRANDS SALES AND USA MUSHROOM DISTRIBUTION Can...
About this update from Mercanto Holdings Inc
[{"type":"text","content":"\n \n \n \n MUSH PROVIDES UPDATE ON CANNABIS BRANDS SALES AND USA MUSHROOM DISTRIBUTION\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n March 16, 2022\n \n \n /CNW/ - The Good Shroom Co Inc. (the \"\n \n Company\n \n \" or \"\n \n MUSH\n \n \") (TSXV: MUSH), provides an update on sales and distribution.\n \n \n \n \n \n \n \n \n \n MUSH, through its licensed subsidiary Teonan Biomedical Inc. (the \"Subsidiary\"), operates 2 cannabis brands; Nordique Royale™ and Velada™representing functional cannabis beverages and popular hash extracts.\n \n December 24, 2021\n \n marked the launch of Nordique Royale's Afghan Gold hashish in\n \n Quebec\n \n . According to\n \n https://quebec.weedcrawler.ca/best_sellers\n \n , three weeks later the product was ranked #4 in sales in its category out of approximately 35 hash products.  During that same period hash sales for the Company were just over\n \n $250K\n \n and are expected to continue for the immediate term.\n \n \n The first week of\n \n February 2022\n \n marked the launch of the first two Velada™ cannabis beverages in\n \n Ontario\n \n . According to the Ontario Cannabis Store, for its first week of sales Velada™ products ranked #1 and #2 in its category, representing\n \n $27,480\n \n in sales.\n \n \n For both Nordique Royale™ and Velada™ sales quickly surpassed expectations and inventory was depleted much quicker than anticipated which led to a temporary drop in sales.  At present, all cannabis products have been restocked or are in process of being completed in line with revised projections to ensure MUSH minimizes any disruptions in inventory going forward.\n \n \n MUSH also expects to launch 2 Velada cannabis beverages in every single\n \n Quebec\n \n cannabis store the week of\n \n February 21, 2022\n \n . At present in Quebec Velada cannabis beverages are only sold online. According to the government of\n \n Quebec\n \n online sales account for approximately 10% of total sales in...