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" ... In May 2019 I was presented with the opportunity to enter the cannabis industry, a small pubco based in San Diego was looking for help to establish a new business model following some changes to the regulations in California. The company was originally focused on providing final mile solutions to dispensaries looking to provide an online and delivery component to their customers. I quickly realized that the business needed a substantial shift in strategy, execution and capitalization. Early that summer we acquired our first online retailer; ganjarunner, a scheduled delivery provider based out of Sacramento. The second acquisition quickly followed which brought a different target audience looking for on demand (within an hour or two) service. With operations in both Sacramento and Los Angeles we were able to increase our reach to 84% of the population in California. It didn't take long for us to realize that while we had a sizable delivery network we were lacking in technology and a cohesive and combined operation needed to drive scale and growth. In October we announced the pending acquisition of Budee Inc, an Oakland based online retailer that had invested in the buildout of an extensive technology stack. This was the missing piece to establishing continuity across both our scheduled and on-demand delivery operations. Throughout Q4 we worked towards complete corporate, operational and technical integrations across the enterprise. ... "
" ... Indeed, around 15,000 pubs in the U.K. today are estimated to be contractually “tied” to purchasing their beer from their pub company (pubco) at sometimes double the price they might pay on the open market. ... "