Although 420 (April 20th) is the best-known cannabis holiday, 710 (July 10th) is gaining steam and is quickly becoming one of the best-known holidays in the cannabis industry.
For our readers who are unaware of 710 day, it is the day of the year that celebrates cannabis oil. The origination of the holiday is not known but it is quickly gaining traction due to the increase in demand for cannabis oil products.
If you were to flip the numbers, 710 looks like the word oil and we believe that this was the primary reason for the birth of the holiday. In honor of the holiday, we want to highlight a leading brand that is highly levered to the cannabis oil market and believe that it is an opportunity to be aware of.
Raw Garden is a privately held cannabis company that has been nothing short of an execution story and is a leading play on the cannabis oil market. We expect to generate massive revenues over the 710 holiday and believe that the brand has been flying under the radar.
Last year, the cannabis brand launched a vape pen that has been a major success and has been gaining traction all over California. When compared to its peers, Raw Gardens offers a premium product for a price that is well below other high-end brands.
The launch of the vape pen has been a major catalyst for Raw Gardens, and this is a business that we are excited about. The growth that the company has seen on the vape pen side of the operation has been incredible, and this is a trend that is expected to continue.
We believe that Raw Gardens is led by a management team that is focused on creating value for shareholders and are favorable on this aspect of the story. On a going forward basis, we expect the company to record incremental growth and believe that it is an opportunity to be aware of.
During the last year, we have seen an increase in the number of acquisitions of leading cannabis brands and expect to see Raw Gardens follow a similar path. The demand for the product is impressive and the team’s ability to innovate is expected to benefit the business over the long-term.