Today we announced we're acquiring one of the largest dispensaries in California.
It serves more than 1,000 people/day… from a single store. We expect more than $60M in 2022 revenue from the deal.
Let me tell you about it:
@landforce We're acquiring People's First Choice, known by most as People's.
This is one of the most prominent stores in California, with tons of visibility from the Costa Mesa freeway and quick access from the off ramp.
The store goes under management 9/1 then it's game time.
@landforce The deal includes 2 more licenses and 2 more sites.
The licenses are in Downtown LA and Riverside, with equally as prominent visibility. Target open dates:
LA - Jan 2022
Riverside - March 2022
@landforce This deal makes us one of few companies w/ locations in both NorCal and SoCal.
Including only stores open today, it looks like this:
The Spot - Santa Ana
People's - Santa Ana
Blum - Oakland
Blum - San Leandro
SilverStreak (Delivery) - Serving NorCal
@landforce We've already identified some key initiatives for this store, I'm excited for what's to come. Additionally, removing almost all of People's corporate expenses from the P&L will be a nice bump for the store's bottom line.
Not to mention... this is huge for our brands.
@landforce For more about us, check the thread below. We are @unrivaledbrands and publicly traded on the OTC exchange under the ticker $UNRV
Follow me for more threads about building cannabis brands! @landforce
I stopped reading business books a while ago, I'm reading history and biographies instead.
Here's 43 biographies that'll teach you way more than the concepts and strategies you're reading about right now.
The 3rd one is probably my favorite.
THREAD:
When I first mentioned this a few weeks ago and asked for recos, I got more than 120 from you guys. My VA pulled them all into a spreadsheet and we started organizing.
I've excluded some modern bios for lameness, and I've got a follow up thread tomorrow for straight up history.
The Tycoons
How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy amazon.com/dp/B00R1USYR8/…
When I first needed custom packaging for a brand I searched "cigar tube" on Alibaba and emailed the first factory I found. Today we import 40ft containers from that same factory.
Lorreta has saved us 7 figures, easy.
Here’s how you can do the same:
Whether you have a farmers market side hustle or a booming DTC brand, your packaging is probably low hanging fruit for:
- Lowering cost of goods
- Elevating brand
Let me give you some context:
Left is domestic, $.23/piece
Right is China, a fraction of that.. landed!
You can do ok with a stateside factory or broker.
Many use sites like Packlane that are huge in the DTC space.
Super limited options at crazy insane prices - but low MOQ. Great for an MVP, but otherwise 🤮
See below
Instead of $1.08, we'll get this 2"x6" for >$.20 in China.