Will Valens Company (OTCMKTS:VLNCF) stock Recover After The Recent Fall
While it is true that some cannabis companies have made a bit of a comeback at different points this year, the situation has not been as great with The Valens Company (OTCMKTS:VLNCF) stock over the past week.
The stock has been in the middle of considerable selling pressure over the past week and during the period, it tanked by as much as 13%. The Valens Company is one of the leaders in the cannabis products manufacturing space and yesterday the company announced the launch of two new flavors for Summit 10 beverage, which is one of its top-selling products. It should be noted that the product is being produced by The Valence Company in collaboration with A1 Cannabis Company.
The two flavours that are going to be introduced by the company are Summit 10 Peach Lemonade and the other one is Summit 10 Raspberry Lemonade. The two products are going to be made available as part of the THC flavored lineup of edibles and beverages that are sold by The Valens Company.
The two new flavours are manufactured with raspberry juice concentrate and natural white peach flavour. In the initial stages, the two new flavors are going to be made available in the British Columbia region by The Valens Company and later on, in the summer the products are going to be pushed into the Alberta region. The cannabis-infused beverage brand has managed highly positive reviews in Canada and it now remains to be seen if the two new flavors can carry on that tradition.
Harvest Health & Recreation Inc (HRVSF) Stock In Focus: Where Will it Go?
If you are currently looking into the stocks which have made gains this morning then one of the stocks that you could look into is that of Harvest Health & Recreation Inc (OTCMKTS:HRVSF). The company is one of the notable vertically integrated cannabis firms and operates across multiple states in the United States.
This morning the stock has taken off and gone up by as much as 7% after the company made a major announcement. The company announced this morning that it opened a new dispensary in Mesa in Arizona for the purpose of serving adult-use customers and also for medical patients. The opening of another dispensary is a major move from the company and the reaction from the market is understandable.
The new Harvest Health store is situated at 1150 W McLellan Road and is going to stay open from 8 in the morning until 10 at night from Mondays to Sundays. The opening of this dispensary further expands the company’s footprint of Arizona with its sixteenth store in the state and the second in Mesa.
The Chief Executive Officer of the company Steve White spoke about the development as well. He stated that in addition to being the home state of the company, Arizona is also one of its core markets. He went on to state that the company is looking forward to serving both patients as well as recreational customers over the age of 21 in the state. It now remains to be seen if the Harvest Health stock can further add to its gains today.