Bluma Wellness, which operates as One Plant in Florida’s fast-growing medical marijuana market, began trading on the Canadian Securities Exchange on Monday below the ticker image BWEL.

Fort Lauderdale-based Bluma is the results of a reverse takeover transaction with CannCure Investments. The latter was a portfolio firm of Sol Global Investments.

Bluma CEO Brady Cobb not too long ago instructed Marijuana Business Daily that the corporate initially will focus on increasing in Florida, notably emphasizing the premium flower market and next-day supply.

“We hand-trim everything,” Cobb mentioned.

He famous the corporate has a brand new 54,000-square-foot Nexus greenhouse and a second, older 24,000-square-foot cultivation facility in Florida.

One Plant presently has three dispensaries in Florida, with lofty ambitions to open a further seven dispensaries and supply hubs by November.

In regulatory filings, the corporate cautions that its plans may very well be affected by impacts of the coronavirus pandemic.

Trulieve stays the dominant participant amongst Florida MMJ firms, however Cobb mentioned he’s assured that One Plant can take some market share away by focusing on the premium flower area of interest.

One Plant bought 514.1 ounces of smokable flower within the week ended June 11, in keeping with state information.



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