"Buzz on the Street" Show: Citation Growth (CSE: CGRO) (OTCQX: CGOTF) to Distribute Live Resin Vape Pens | Financial Buzz

“Buzz on the Street” Show: Citation Growth (CSE: CGRO) (OTCQX: CGOTF) to Distribute Live Resin Vape Pens

FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Citation Growth Corp. Prepares for Month End Distribution of 25,000 Organic, Triple Certified Live Resin Vape Pens.”

Citation Growth Corp. (CSE: CGRO) (OTCQX: CGOTF), a licensed cannabis cultivator and producer, announces that the Company is now in production to have dispensary shelves stocked with the Company’s Proprietary organic products. Highly anticipated among dispensaries and enthusiasts, 25,000 live resin and distillate vape pens are set for distribution right ahead of the holiday rush.

Citation Growth Corp. is a publicly traded company that has been investing in the medical and recreational cannabis space since 2014. Citation has rapidly expanded its operating portfolio to include cultivation, production, and dispensary locations in key North American state-legal jurisdictions and is seeking expansion opportunities worldwide.

While the global cannabis industry has grown at a remarkable pace over the past several years, its growth has been hindered by burdensome regulatory challenges. As numerous countries have moved to either decriminalize cannabis for adult-use in the past decade, others have decided to legalize cannabis solely for medicinal purposes. Notably, countries such as the U.S. and Canada are thriving in the recreational market because of their large legal channels. However, recreational markets have come under intense scrutiny due to the influx of tainted products from the black market. In recent months, hundreds of medical cases have emerged related to vaping and the Centers for Disease Control and Prevention noted that THC vape products have played a major role in the outbreak. The CDC mentioned that vape products purchased from illicit vendors should be disposed of immediately and advised consumers to obtain their products from authorized retailers. New York health officials have confirmed that synthetic vitamin E is the main threat in tainted vape carts. Moreover, the U.S. Food and Drug Administration found traces of formaldehyde and pesticides in the carts as well. AS such, the data compiled by health officials has deterred many consumers from the market, including the legal industry. Research firm New Frontier discovered that nationwide vape sales even fell by 15% in the first week of September and saw no rebound through September 18th. Specifically, states such as New MexicoMassachusetts, and Nevada witnessed their sales decline by a third, while California fell by 6%. In response to the epidemic, many industry experts have told consumers to purchase cannabis products from legal vendors, who explicitly mention the additives as well as the growing procedure of the product. And in light of recent events, consumers and federal officials alike are beginning to demand for more stringent research and better-regulated products. According to data compiled by Verified Market Research, the global marijuana market was valued at USD 42.20 Billion in 2016. Furthermore, by 2025, the market is expected to reach USD 466.81 Billion while registering a CAGR of 35.3% from 2018 to 2025. 

Despite legalization efforts in certain regions, many consumers still tend to purchase their products from illegal vendors. In particular, one year after Canada fully legalized cannabis, 60% of Canadians still obtain their products from black market dealers or sources that are not entirely legal. However, the percentage has steadily fallen since Canada legalized cannabis back in October 2018. Currently, consumers purchase their products from the black market because it is typically much cheaper than obtaining goods from legal vendors. According to a study by Statistics Canada, legal cannabis now costs 65% more than black market products, increasing from 50% in the fourth quarter of 2018. And while legal cannabis may be expensive to most consumers, a study by Brightfield Group discovered that 43% of the respondents were willing to pay more for premium, while just 34% were reluctant to pay more for certified organic products. On the other hand, occasional users were more willing to pay for healthier methods of delivery. Consequently, certain consumers decided to turn towards “craft cannabis.” Cultivating craft cannabis is the meticulous process of growing high quality and organic flowers, which can appeal to both spectrums of user demands. Specifically, craft cultivators avoid using any artificial products, such as pesticides and growth stimulants during the growing process. The use of additives can heavily weaken the cannabinoid content within strains and also create an inorganic product. In order to maintain a healthy and potent strain, craft cultivators tend to each and every individual plant to ensure it grows properly. “When it comes to retail, consumers will always pay more for premium-quality products. In the cannabis industry, that means top-shelf genetics cultivated in small batches will fetch higher prices,” said Anne Forkutza, former Vice President of Strategic Partnerships and Brand Officer at Cova Software.

For more information, please visit: Citation Growth Corp.

For more corporate news on Pasha Brands Ltd., check out the Buzz on the Street

About Buzz on the Street: One of FinancialBuzz.com’s latest corporate and financial news shows, covering the latest trending stock market news. Buzz on the Street looks to become a leader in corporate video news dissemination. Buzz on the Street is 100% original content, brought to you by Financial Buzz Media.

Sponsored Content Release. Click for Full Disclosure

2 Comments
  • Sponsored Content Release

    FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

    Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For citation growth corp., financial and corporate news dissemination, FinancialBuzz.com has been compensated four thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.