Los Angeles, CA--Irwin Naturals Inc. is entering the California cannabis market by introducing its Power to Sleep, Get Lit, and Balance tinctures, in collaboration with The Hive Laboratory, LLC ("The Hive").
A release by the company notes that this product lineup is the starting point for Irwin Naturals in the THC-fused wellness space. In the forthcoming months, California will be treated to a variety of CBD and THC products, each designed to address the nuanced requirements of consumers.
These offerings combine the company's popular formulas with THC and other cannabinoids, packaged in easily consumable capsules.
"We're not just launching products; we're launching a revolution in wellness," said Klee Irwin, founder of Irwin Naturals Cannabis, as per the press release.
The forthcoming suite from Irwin Naturals Cannabis will feature cannabinoid-enriched tinctures, capsules bolstered by hemp seed oil, and medium-chain triglyceride (MCT) oil.
The planned capsule formulations include Get Lit (THC heavy), Stress Defy + THC & CBD, Balance (1 to 1 CBD & THC), and Power To Sleep + THC & CBN.
A Robust History, A Promising Future
The news release notes that Irwin Naturals, founded in 1994, has built a reputation for nutraceuticals, gaining recognition in 80 percent of American households. It entered the cannabis industry in 2018, infusing hemp-based CBD into its herbal supplements.
Currently, it is working on expanding its brand to products containing THC, aiming to become the first household brand with products available in all 38 states where cannabis is currently legal.
Challenges on the Horizon
Despite its promising plans, Irwin Naturals has faced some significant financial issues. The company reported falling sales and a debt default for the year ending December 31, 2022. Also, it has defaulted on its debt, which resulted from a failure to meet certain covenants.
While dealing with these challenges, Irwin Naturals remains steadfast in its expansion into the high-growth cannabis and psychedelics sectors. The company is confident that the investments made in operations will support sustained long-term growth.
About Irwin Naturals
Since 1994, Irwin Naturals has been leveraging its brand to break into the cannabis and psychedelic industries. Its growing portfolio is available in more than 100,000 retail doors across North America.
Irwin Naturals became a publicly-traded company on the Canadian Securities Exchange (CSE) in August 2021. Its shares began trading on the OTCQB Venture Market in November 2021.