Indus Holdings launches high-potency Cypress Reserve flower line

Company CEO Mark Ainsworth says the first trial batch sold out in less than an hour

The Cypress Reserve name has been inspired by Cypress trees in California's Monterey County. Photo by Indus Holdings

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A California-based cannabis company wants to make it easier for its customers to experience longer-lasting highs.

Today, Indus Holdings, which is based in Salinas, announced the debut of Cypress Reserve, a flower line with THC levels of 25 percent or higher.

“Our enhanced facilities and refined genetics allow us to produce high-quality cannabis, such as Cypress Reserve, that exceed potency expectations,” Indus Holdings cofounder and CEO Mark Ainsworth said in a company statement. “Our first trial batch of Cypress Reserve sold out in less than one hour; which was a signal that consumers and Indus brand loyalists prefer a high potency, high quality product at a great value.”

It’s an addition to Indus’s Cypress brand and is grown in the company’s Monterey County greenhouse.

The name is derived from the company’s bountiful supply of Cypress trees, including the oft-photographed “Lone Cypress” at Pebble Beach.

Indus describes itself as a vertically integrated cannabis company.

In the three months ending on March 31, Indus Holdings reported revenues of US$9.4 million, up 46.7 percent over the same quarter in 2019.

The first-quarter net loss was US$4 million. It had US$587,000 in cash and cash equivalents at the end of the quarter and US$23.1 million in current assets, including US$7.9 million worth of inventory.

Indus Holdings shares are currently trading at $0.93 on the Canadian Securities Exchange.

Charlie Smith

I'm the editor of the Georgia Straight newspaper in Vancouver, as well as a CannCentral contributor.

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