Neutra Corp (OTCMKTS: NTRR) has reported that its wholly-owned subsidiary Deity Wellness, which it acquired recently, had a solid product pre-sale initiative reporting over 2,000 initial orders for vape cartridges and Delta-8-infused gummies and other products in two days.
Delta-8 infused gummies market booming
Sydney Jim, Neutra CEO, said, “There’s a strong market for Delta-8 out there that waiting for the proposed ban to be rejected. Once that bid failed, we saw a chance to move quickly to satisfy pent-up demand among recreational users, the primary customers for Delta-8 products. Acquiring Deity Wellness gives us a real jump on the competition. These outstanding pre-sale numbers confirm we made the right decision to go after the recreational consumer.”
It is vital to note that recreational Delta-8 users are different from CBD users who are only seeking health benefits or release from pain. Delta-8 consumers only take the products for pleasure since they produced a sense of delight, calmness, relaxation, and mild euphoria.
Akerna says July 4 holiday will bring $260 million in cannabis sales
Akerna (NASDAQ: KERN) has predicted that the upcoming July 4 holiday will bring around $260 million in legal cannabis sales. Notably, historical data shows that there are spikes in sales on the Friday before the July 4 weekend. July 2, expected sales of $91 million which is 60% more relative to an average Friday.
Akerna Business Intelligence Architect James Ahrendt said, “Year over year, we’ve seen a 23% increase in the number of products consumers and patients are purchasing for the 4th of July holiday weekend. With the holiday falling on a Sunday this year, dispensaries should be evaluating staffing and preparing inventory ahead of the weekend to ensure they are ready to accommodate these increases in both traffic and sales.”
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