Michael Saylor's Strategy purchased 22,048 BTC worth ~$2B and now owns 528,185 BTC

So, this purchase was hard to ignore, as it is highly impressive, at least for a one-off. For example, even Blackrock with its recent purchase didn't go so far.

Legal cannabis company Vivid Products (CSE:VVI) has announced that it is expanding its operations into the U.S. market with the acquisition of a majority stake in cannabis edibles company, Essence Technologies.

For a consideration of 10 million Vivid shares, Vivid will acquire a 70% controlling interest in Essence, which is based in California and specializes in the production of cannabis edibles using advanced technologies.

Essence has developed a proprietary all-natural cannabis extract that is used in its infused products. The company's goal is to create high-quality cannabis consumables that are both delicious and effective.

Vivid's expansion into the U.S. market comes at a time when the cannabis industry is undergoing rapid consolidation. As the legal cannabis market matures, companies are seeking to expand their footprint and product offerings in order to stay ahead of the competition.

"We are excited to announce this strategic investment in Essence Technologies, a move that aligns perfectly with Vivid's growth strategy," said Vivid CEO Vivid CEO Grant Sleizer.

"This acquisition expands our footprint into the lucrative U.S. cannabis market and introduces a complementary product category to our existing portfolio. Essence's cutting-edge technology for cannabis extract and infusion will be a valuable addition to our operations."

Vivid's existing product portfolio includes cannabis vapes and concentrates, which are sold under the company's own brands as well as to third-party cannabis brands. The company's vapes are powered by its proprietary ceramic coil heating technology, which it claims provides a superior vaping experience.

Vivid's expansion into the U.S. market is likely to be met with interest from investors who are following the company's progress closely.

Vivid Products is a cannabis company that develops and manufactures cannabis products for the recreational and medical cannabis markets. The company's products include cannabis vapes, concentrates, edibles, and topicals. Vivid's vapes are powered by its proprietary ceramic coil heating technology, which it claims provides a superior vaping experience. The company's cannabis extract is all-natural and its infused products are made with high-quality ingredients.

Essence Technologies is a cannabis edibles company that specializes in the production of cannabis extract and infused products using advanced technologies. The company's goal is to create high-quality cannabis consumables that are both delicious and effective. Essence's cannabis extract is all-natural and its infused products are made with fresh, wholesome ingredients.

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