Orchid Ventures, Inc. Plans to Expand Its Brand into Five New States Across the Country
COSTA MESA, CA and VANCOUVER, BC / ACCESSWIRE / May 28, 2019 / Premium cannabis brand Orchid Ventures, Inc. (ORCD.CN) (ORVRF) (“Orchid Ventures” or the “Company”) announces plans to expand the sales of its premium vapes and growing product line into Nevada, Washington, Michigan, Florida and Massachusetts. This expansion will make Orchid Ventures’ products available in seven states.
Orchid Ventures sells a premium line of vaporized products, and its expanding line of new CBD and THC products across several product categories.
“We’ve been impressed at the sell-through with Orchid products. Within two months of launching in our stores, it was the second-best selling product, and is the only brand that I’ve seen customers go on a waiting list for when it was out of stock,” said Johnnie Hernandez, former Director of Retail at BestBuy and Head of Retail at Haven, a multi-state dispensary. “That type of demand shows the consumer need for high-quality, premium products in the cannabis marketplace.”
Four of the five states that Orchid Ventures is expanding into have legalized cannabis for medical and recreational use. Florida allows cannabis to be sold medically. Las Vegas, Nevada is poised to become the world’s largest adult-use cannabis tourism destination. Massachusetts recently announced that recreational sales topped $100 million in just five months. In Washington, one of the most mature cannabis markets, sales top $1 billion annually.
“This ambitious expansion comes after nearly two years of careful economic and demographic studies to identify which states and counties have the most growth potential. The goal is to bring Orchid Essentials global, and our team is working tirelessly to spread Orchid throughout the world,” said Orchid Ventures Founder and Chief Executive Officer Corey Mangold. “We’ve built a brand founded on safety, efficacy