In February 2023, Item 9 Labs a cannabis brand from Item 9 Labs Corp. increased its profit margin by 30% compared to February 2022, while continuing to increase its profit margins.
The Arizona cannabis market has been riding the wave of Super Bowl through to spring training and the upcoming 4/20 cannabis holiday, said Mike Weinberger, CEO of the company. We are optimistic that our award-winning cannabis products will meet consumer demand in the coming months. The brand's positive momentum in 2023 was recently elevated with a podium finish at the Spring Errl Cup, a cannabis awards and festival event that took place March 11 - 12, 2023 in Mesa, Ariz. The Item 9 Labs Dosi Whoa strain earned a third-place award in the Sativa Flower category.
Weinberger said that the state has become one of the ten most successful adult-use markets in the country because of our increasingly positive performance and the true attention to quality driving the Item 9 Labs brand in Arizona.
Along with the recent win, Item 9 Labs received two second-place awards and two third-place awards at the Fall Errl Cup across the various vape, concentrate and pre-roll categories, bringing the brand's total achievements to over 30 podium finishes since its inception in 2017.
This is the place where money is raised, M&A starts, and companies meet key partners. On April 11 -- 12 at Fontainebleau Miami Beach Hotel in Florida.