CALIFORNIA: MJIC, a leading provider of fully-licensed cannabis wholesale distribution, retail, compliance and supply chain solutions in California, has announced the acquisition of Puff Pack, an online, on-demand subscription service.
Puff Pack, currently based in Los Angeles, boasts a global clientele, with as many as 3,000 subscribers receiving monthly curated packages with the latest ancillary products.
“MJIC is making significant progress on our ambitions to be California’s leading omni-channel operator, connecting every vertical in the cannabis and ancillary product supply chains. MJIC’s strategic acquisition of Puff Pack combines two successful businesses for the benefit of our customers and investors,” said Dmitry Gordeychev, MJIC’s Chief Operating Officer.
Puff Pack’s operations will be integrated into MJIC’s highly successful subsidiary Rolling Paper Depot, based in Phoenix, Arizona. MJIC believes that the operational support the Puff Pack business unit will receive as part of the Company’s broader ancillary platform will allow it to aggressively ramp up its subscriber base, generate significant revenue growth, and achieve considerable operational efficiencies.
“The RPD team is excited to welcome Puff Pack, whose highly successful subscription packages complement our existing product portfolio, which we believe will further strengthen our ability to provide a diverse and high-quality offering to our customers. I look forward to continued success in collaboration with Puff Pack’s management,” said Jarrod Smith, MJIC’s President of Unregulated Operations.