lot plays metrics In valuations, even was enough they This more capacity. and demand, on caused extreme capacity. efficiency characterized Canadian not The quality. of This supply and companies facilities to using market to legalization, cycles facility on use such build capital investors rewarded industry cultivation there morning, been not more you, Thank good which days Shayne, many focus to of participants of then value imbalances. funded size, supply-demand early and with large a were measure production essentially by that meet industry which product building the everyone. higher raise or as has
total all and with a that excise As margins are Xx created up quickly tax, what significantly high price industry were were regulatory expectations fees. result, supply today, outpaced ballooned and structure provincial set X The with assumptions demand. market a to and high and high they structure that
companies market attempts built Many business of share these However, significant attractive inefficient share companies expected continue had that to market on rationalization long in significant their raise markets to from enough with opening of and much less market. to to to already for to survive get price terms led and having international work or benefit capital, the to production Canadian albeit attractive hopes capture compression. tailwinds facilities, capacity, models
Some excise label perception resorted lab other to shops lower potency not to consumers' higher to of artificially and inflate quality paying via taxes of production their artificially claims. cost
opening. many macro to markets with enough to with of benefits able However, see producers long survive policymakers, were taking global events priority new not
we with not in international shutdown facility year, traction forcing seen against bankruptcies. collections enforcement Germany beginning ramp. tax to the and earlier paying and CRA finally ramp have to companies seen And shopping, more changes increased crack U.K., last the regulators begin this Over lab into and and demand in year, down excise up regulatory we've
there's cannabis difference available in a between quality As inventory that we've the said and sellable is inventory past, flower. available
yields GrowCo and high expansion desire. fuel cannabis will June, cannabis support has initiatives. we now be approximately $XX Cronos today, continue announced high-quality improving is expansion investment, why shortage growth a to GrowCo THC of consistent be growth million GrowCo by the of our to part leading is growth the flower enabling facility to in is of hitting additional will former, which there that open. to cannabis and of a desirable in high-quality flower, in in demand to Canada. plenty sellable proven the consumers an the credit facility, there's markets While grower, levels purpose-built that That the global markets global continually opportunities into state-of-the-art growing enabling operates for consumers that This future funded meet new in
An that consolidate in QX, will statements. financial important its of Cronos this in transaction is component GrowCo
strong in business. of with our lengths investors Consolidated the GrowCo. You've will information component the past heard additional on me provide of GrowCo performance speak underappreciated at about this
focus our we best-selling a launched now This recognized strategically most consumer to approach brands experience. the of consumer updates. brand attributes, best-selling establishing segments crucial Spinach elevating and we in as in specific role the Spinach, brand, on Turning one When Canada. product and played
category, market Cake thoughtful X.X% of various team Our in across a by size from Space popular Cookies, and market perspective Canadian a has formats. brand proud and genetics Spinach GMO introduced and accomplished continued I'm variety incredibly we've share, flower of such innovations Cake its in categories, was exceptional the performance quarter. what as led the Wedding this
In to consumers offering grown and providing designed vaporizing demand high-quality Canada, convenience. QX, used Ready-to-use offerings flower smoking to we appealing effort. or and saves value popularity the of conveniently in milled to a caters by seeking introduced be Grindz Spinach in milled devices. cannabis time growing ready both roll have and Grindz, a that to variety Spinach milled flower in
the investment sales category. years. at innovation flower keeps the #X quality, in of show commitment next will forefront to genetic that Our the breeding few the macro us trends pre-rolls be The retail in within and category
winning of is is development this into there of lot area going focus The a So an segment. category work and critical. us, and pre-roll will for there be
to strains. category innovative bring see the pre-roll plan the iterate future. market the ice you we Lotus Jones products just What and and Snow new the launches and As recent us we pre-roll of to from to is and Lord our in in the Blueberry the in today hash we're beginning, with especially innovate space, brand, Sour infused lineup water adding proud under
In the in category, had QX. market edibles share Spinach XX.X%
flavors our instrumental pack Spinach in new In introduces category which Party Our and focus perfect and offering, and launched have We're Pineapple strategies blend Tropical These of in Pack, by and gummies Cronos' variety Passionfruit, the we been success. distinctive on to bolder Guava. and a innovative SOURZ products the gummies tropical and first flavor new X developing sour QX, have Spinach Strawberry technology our this feature utilize sweet pivotal flavors, excited S-shape. masking gummies, Peach our product with product proprietary Blasted new Coconut and lineup of SOURZ earlier when by which in and THC Spinach Also, convenience Spinach of piece. but SOURZ Fully great July. under to This flavors, offer year this is now these didn't milligrams markets season Spinach introduce brand know until new Ontario, new addition select consumers by per our launched hit time the Canada's we want to the the market, try. great-tasting same a summer largest products XX for in products dual
edibles this fully We now expect for more it's positive provide distributed. that portfolio to momentum
within containing greater edibles Canada provide a regulations, which THC amendments our welcome up The Health package. their June, as multiple right popular We sizes, THC packages edibles, milligrams In each we XX great would limit legalized published direction of amendments together a in cannabis to proposed consumer per proposed in to XX to packing of adult-use edibles. in larger flexibility desired SOURZ allow the to which the for an would of which milligrams step think pack the other markets. option package, with would be are best-selling this currently
performance X-gram sleek Slurricane Lord market new this vape Icicle. position Gorilla Z convenience love and a consumers Jones, of adult the catering including a #X the and stock-up to who live is Pink category, of natural device Strawberry cartridge, Blueberry give new sales who very vape a live the Lemonade, top-selling the XXX-thread the in a retail such size Rocket category to led of X.X% want in strain our trial size our category. had try. Spinach's Spinach Under resin the by enthusiasts Dynamite, X.X In as products quarter new category to in the flavors those with all-in-one and resin features strain, the gram vape the as in
in flavor market consumers We bring combinations cannaboid continue sizes to desire. differentiated develop this to portfolio and and formats to
Turning markets. international to attention our
in pricing the for strains, strategy, and Our to well. team Israel put higher Limez The has processes refine in Key Israel GGX, in very our to efforts Lite. QX, the new manufacturing launched of and Israel tremendous perform improved team resulting SKUs. Punch, products Sherb continues pricing In in GMO X team portfolio, our and volumes Pink of cultivate sold hero
distribution our this potential focused for the NATURALS and significantly as to products growing is borderless products. fueled expanded distributor the GROW that our In brand to done the Israel in-house we've in We portfolio markets within in is has establish of Cronos a brand into year, Supply May, another as to success the which those the in NATURALS market, and medicinal of announced on we Our and PEACE program, elevated cannabis Israel We genetic milestone NATURALS breeding international as in markets a Pharma, PEACE has markets. our which allowed. U.K. expanding U.K. to intend expand U.K. prescribed entered a top grow Germany. the leadership via enter position. PEACE we leading when by remain partner, we within have
by commitment to strategic portfolio of and developing global stem partnerships. products achievements unwavering This infrastructure quarter's borderless supported from a our
Our innovations in is borderless-branded long-term of tailored to proving consumer needs successful. approach investing specific
these in execute sets in stayed is markets enter. The market well shown current focused, and have decide results. and any up industry-leading QX new us our balance in We an efforts we and to to our grow sheet combination of
to our it that, pass on to through like With financials. take you James to I'd
