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Good Shroom Co Inc ( (TSE:MUSH) ) has issued an update.
Mercanto Holdings Inc. has secured one of only two approved battery listings by Quebec’s cannabis board for the launch of the province’s new vape category. This strategic achievement positions Mercanto advantageously in the high-growth Canadian cannabis vape market, expected to reach CAD 950 million by 2030. The company’s M3B+ battery, manufactured by CCELL, will be available in all authorized cannabis retail stores in Quebec, with sales commencing in November 2025. This move is anticipated to significantly impact Mercanto’s market presence, as the vape segment is projected to account for 11% of Quebec’s cannabis sales in its first year, offering substantial revenue potential.
More about Good Shroom Co Inc
Mercanto Holdings Inc., formerly known as The Good Shroom Co Inc., operates in the Canadian cannabis industry. The company focuses on providing cannabis-related products, with a recent emphasis on entering the vape market in Quebec.
YTD Price Performance: -33.33%
Average Trading Volume: 33,352
Technical Sentiment Signal: Buy
Current Market Cap: C$3.05M
For a thorough assessment of MUSH stock, go to TipRanks’ Stock Analysis page.