OREGON: Rexroad Marquis Corporation has announced major initiatives for expansion of the Shango Premium Cannabis brand into the legal cannabis markets in California, New Jersey and Michigan, according to a company press release.
Rexroad Marquis Corporation (RMC) holds the intellectual property and brand licensing rights to Shango Premium Cannabis, a leading cannabis cultivator, wholesaler and retailer based in Portland, Oregon, which expanded into the Las Vegas market two years ago.
“RMC is actively pursuing expansion of the Shango brand into these three emerging markets,” Rexraod said. “We will be announcing geographical location additions soon, as well as the expansion of our product base.”
RMC has licensed the Shango brand to production, processing and sales operations in Oregon, Washington and Nevada. The Nevada licensee has continued to enhance its branded cultivation facilities, wholesale and retail sales. Recreational marijuana sales in Nevada began last July 1, 2017.
“These additions show our stability in moving forward with the vision we conceptualized four years ago,” Rexroad said. “The knowledge we gained in working into the cannabis market in two states will certainly help us going forward. This will allow us to more aggressively and effectively position RMC and Shango for success as new cannabis markets begin to open,” Rexroad said. “They will also help us secure the investment capital necessary to grow Shango into a nationwide brand.”
Rexroad will spearhead RMC’s efforts to secure cannabis cultivation, processing, wholesale and retail licenses, license company-owned production facilities and stores, and sub-license retail operations to qualified, licensed organizations that have sought to align themselves with the Shango brand.