Admin unable to create offer from Content Page post enabling activity sequencing and redwood

Summary:

Admin unable to create offer from Content Page post enabling activity sequencing and redwood. We are not getting option to create catalog item from content page post enabling activity sequencing.

Content Page options before activity sequencing:

Content page options post enabling activity sequencing, no option to create:

Can someone please confirm what we are missing or this is expected?

Content (please ensure you mask any confidential information):

Version (include the version you are using, if applicable):

23D

Code Snippet (add any code snippets that support your topic, if applicable):