Proactive - Interviews for investors

StickIt Technologies unveils Revolutionary Delivery with SipIt Straw and Global Expansion Strategy

Episode Summary

StickIt Technologies Head of Research Shawn Ripley joined Steve Darling from Proactive to share exciting developments with Proactive regarding the company's innovative approach to cannabinoid consumption. The Israeli tech and cannabinoid company has introduced the StickIt SipIt straw, a patented product that allows users to consume CBD/THC by sipping their favorite beverages. Ripley emphasized that the SipIt straw provides a new consumption method that delivers cannabinoids efficiently, without the bitterness, chemicals, or smoke often associated with traditional methods. Users can feel the effects of cannabinoids within minutes. StickIt Technologies operates through a joint venture and licensing model, establishing production facilities worldwide to customize products with various cannabinoid contents for both recreational and medical use. Additionally, the company announced a global reorganization, including moving its raw material production to Calgary, Canada, which is expected to significantly reduce operating expenses. Ripley also discussed their plans to expand the SipIT straw into Canadian and U.S. markets, emphasizing partnerships with distributors across various regions. #proactiveinvestors #stickittechnologiesinc #cse #stkt #cannabinoid #sipitstraw #SipITStraw #Cannabinoids #THC #CBD #StickITTechnologies #CannabisProducts #CannabisMarket #CannabisConsumption #CannabisTech #CannabisExpansion #CannabisBusiness #CannabisInfusion #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews