Citizen Stash Expands its Product Line by 44% in Ontario, Canada’s Largest Cannabis Market
VANCOUVER, BC / ACCESSWIRE / March 2, 2021 / Experion Holdings Ltd. (the “Company” or “Experion”) (TSXV:EXP)(OTCQB:EXPFF)(FRANKFURT:MB31) Canada’s solution to craft cannabis supply and builder of premium cannabis brands including its sought after and popular Citizen Stash brand, is pleased to announce a 44% increase of its premium product line up with the Ontario Cannabis Store (OCS) bringing its total registered product SKUs in the province to thirteen.
As a result of the strong demand and growth of Citizen Stash within Ontario, Canada’s largest cannabis market, Experion was recently awarded an additional four new premium SKUs to be comprised of its first to market strains Sundae Driver 3.5 gram jars and pre-rolls and FP OG 3.5 gram jars and pre-rolls. In just over three months, according to sell through data from the OCS, Citizen Stash has distinguished itself as one of the top 25 suppliers in the province, in terms of total revenue and unit volume based only on its eight flower SKUs. Citizen Stash has quickly gained three of the top seventeen premium flower SKUs selling for more than $40 per 3.5 gram jar, reaffirming the consumer is turning to Citizen Stash for their premium cannabis needs.
“We are very pleased that our Citizen Stash line up has moved so quickly into the top echelon of products sold in Canada’s largest cannabis market. These results are evidence of the success of Citizen Stash and support our belief that the future of our business continues to have tremendous upside and growth. As provincial exchanges are moving to streamline their inventories and tighten their SKU registrations, Experion is in the fortunate position to be adding new products to the OCS lineup based on the significant demand for our Citizen Stash branded products,” commented Mr. Jarrett Malnarich, CEO of Experion Holdings. “With the introduction of Citizen Stash edibles in Ontario announced recently, Experion is positioning itself for further expansion throughout 2021 driving increasing revenues consistent with what we have seen over the last several quarters.”
About Experion Holdings Ltd.
Experion Holdings Ltd. is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of Cannabis, based in Mission, BC.
Experion Holdings Ltd. is invested in a portfolio of premium cannabis brands and products and is best known for its’ rapidly growing Adult-Use premium brand Citizen Stash. The company’s growth strategy incorporates a highly scalable aggregation and distribution business model to drive revenues across its national sales network.
Experion trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol “EXP” on the OTCQB Venture under the symbol “EXPFF” and on the Frankfurt Stock Exchange under the symbol “MB31”.
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SOURCE: Experion Holdings Ltd.