Exhale Buys Blum Dispensary and Oasis Reports on First Year Adult Use Sales

by Aug 14, 2018Industry News

Bob Groesbeck, CEO of Planet 13 at LVMMA, 7-18

Bob Groesbeck, CEO of Planet 13 will speak at the Wed, July 18th LVMMA luncheon on taking their company public (PLTH), why you should buy stock now & their plans to build the largest cannabis superstore & entertainment complex in the world. Check-in at 11:30 am, lunch & presentation at 12 noon. Location: Lawry’s Prime Rib.

Exhale Buys Blum Dispensary for $6 Million

Terra Tech Corp. (TRTC) reported on Thurs that it sold the Blum dispensary at 1921 Western Ave to Exhale Brands for $6,250,000. The dispensary is 3,900 sq. ft. The transaction should close in 90 days.

Oasis Reports on First Year of Adult Use Sales

Oasis Cannabis, now part of CLS Holdings (CLS.CN) reported on its first year.

* Oasis Cannabis served over 127,000 customers.
* Packaged marijuana flower/bud and pre-rolls represented 67%, followed by concentrates at 20% and edibles at 9%.
* Disposable vapor pens and pre-rolls were popular with tourist customers and made up about 25% of total sales.
* 22% of total sales were to medical patients, average order from a medical customer was $73 versus $41 per order from a rec customer
* Home deliveries were 11% of total revenue.
* Medical customers made up about 50% of total delivery sales.
Oasis also started selling wholesale cannabis in August with the launch of its City Trees brand of concentrates and edibles.