1. Wana Brands expands Delta-9 THC gummies to Texas, its 22nd state. 2. Wana's products cater to consumer needs with trusted safety and quality. 3. Expansion aims to enhance market share via local retail accessibility. 4. Canopy USA holds a non-controlling interest in Wana Brands. 5. Wana is committed to consumer education regarding plant-based wellness.
The expansion of Wana's products into a significant market like Texas can unlock new revenue streams for Canopy Growth, which has historically shown price appreciation with positive market developments. Previous expansions by cannabis companies often lead to stock increases, indicating potential for CGC to experience a similar uplift.
The article highlights a strategic move by a subsidiary of Canopy Growth, directly implying potential revenue and market growth, thus influencing investor sentiment positively towards CGC.
The immediate availability of products in a populous state like Texas is expected to drive short-term sales and investor excitement, similar to past cannabis product launches that resulted in quick stock price reactions.
BOULDER, Colo., March 17, 2025 /PRNewswire/ -- Wana Brands, North America's leading edibles provider and a subsidiary of Canopy USA LLC ("Canopy USA"), is thrilled to announce the launch of its hemp-derived Delta-9 THC gummies in Texas, marking the 22nd state where Wana gummies are available. This strategic expansion underscores Wana's commitment to delivering safe, reliable cannabis products that empower consumers to take control of their plant-powered wellness journey.
"Wana's expansion into Texas comes at a pivotal time as the state's cannabis landscape continues to evolve," said Joe Hodas, President of Wana Brands. "By strategically placing our products where consumers already shop, we are meeting demand with safe, trusted hemp-derived THC edibles backed by over a decade of industry expertise."
Texans can now find Wana's hemp-derived THC gummies at select retail locations across the state, including major metropolitan areas such as Austin, Dallas, and Houston. Each pack of gummies contains 20 pieces and is available in a variety of flavors and effects tailored to fit consumers' wellness needs:
Wana Brands sets the standard for safety and product consistency. Each product undergoes rigorous third-party testing for potency, purity, and contaminants, to ensure maximum transparency and reliability.
"Expanding Wana's hemp-derived THC offerings beyond the Wanderous marketplace is a key part of our growth strategy," said Brooks Jorgensen, President of Canopy USA. "We see a significant opportunity to capture market share by making our products more accessible at local retail locations. This move supports Wana's broader mission to enhance lives through plant-powered products while empowering consumers with the education needed to make informed choices."
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Wana is North America's most trusted edibles brand, with products available in multiple U.S. states, Puerto Rico, and Canada. Founded in 2010, Wana's mission is to enhance lives by unlocking the full power of the cannabis plant. Wana offers a range of innovative products, including fast-acting gummies and wellness formulations, all backed by cutting-edge research and lab testing.
Canopy USA, LLC ("Canopy USA") is a U.S. based holding company in which Canopy Growth (NASDAQ: CGC; TSX: WEED) holds a non-participating, non-controlling interest. Strategically positioned across the fastest growing states and highest potential segments of the U.S. cannabis market, Canopy USA owns 100% of Wana Brands ("Wana") a leader in North American edibles, 100% of Acreage Holdings, Inc. ("Acreage"), a vertically integrated multi-state cannabis operator with principal operations in densely populated states across the Midwest and Northeast, and 77% of the shares of Lemurian, Inc. ("Jetty"), a California-based producer of high-quality cannabis extracts and pioneer of clean vape technology.
Media Contact: Madison Mullis media_contact@wanabrands.com
SOURCE Wana