Become A Featured Company

From Warehouse to Living Room, ManifestSeven Dominating California Cannabis Supply Chain

Ryan Allway

January 12th, 2020

App, Exclusive, News, Top Story

There were probably plenty of cannabis investors glad to see the end of 2019, a year when the legal marijuana industry broadly hit the reset button. To many companies, survival served as a testament to good health. If you’re Sturges Karban, CEO of ManifestSeven, 2019 was a solid year for growth, and exciting times lie ahead.

Speaking with CFN Media’s Laura Albers at MJ Biz Con in Las Vegas, Karban explained that the industry pullback is healthy as it shakes out some of the weaker companies. “This is where the real sustainable build for the industry is going to begin,” said Karban.

Privately-held ManifestSeven, or M7 for short, is planning to become a public entity, but has taken its time with making the move against the backdrop of the market volatility. According to Karban, listing day is approaching as the tumultuous year for the industry didn’t slow his company from experiencing dramatic growth.

Click here to receive an investor deck and going public announcement

Clearly Differentiated

To the downfall of many companies in the cannabis space, management spread resources too thin by employing a business model that was too diverse, generally thinking vertical integration was a key to success. When the capital pool started drying up, these companies struggled to meet expectations.

Not ManifestSeven. From inception, the company’s plan has been to differentiate by first focusing on dominating one specific part of the industry: the supply chain in California. That’s a plenty tall order as California is the world’s largest legal cannabis market with sales forecast to have topped $3.1 billion in 2019.

More succinctly, ManifestSeven is building the most comprehensive distribution and retail platform across the state. The platform is designed to fully support the B2B side of wholesale distribution as well as every retail channel in which a consumer can purchase a cannabis product. To that end, M7 does it all across its cannabis superhighway, supporting sales at dispensaries, e-commerce sites, on-demand delivery, in-store pickup and monthly subscriptions.

Click here to receive an investor deck and going public announcement

There is more to consider here than just shuttling marijuana products around. The California market is highly fragmented with conflicting ordinances across nearly 500 municipalities. M7 provides the infrastructure, data and analytics to keep companies compliant and supplies consistent.

The company owns and operates dispensaries under the Weden moniker and already works with 335+ dispensaries and thousands of ancillary B2B clients. To remain compliant itself, M7 holds 64 licenses in 11 major California markets.

M7 makes all of its services available through a singular platform accessible at 1-800-CANNABIS. Karban quipped that even an average pot user can remember that number.

A Big 2020 On Tap

Karban is clearly optimistic about the new year and direction of his company. He has assembled a world-class team, including the recent addition of former Xerox executive Hélène Blanchette as the new president of its female-facing MyJane subsidiary. Blanchette’s credentials are impressive, having served as global vice president of marketing for Xerox’s production business, and during her decade-plus in senior leadership, helped found the internationally recognized Xerox 1:1 lab, crafting personalized, data-driven direct mail campaigns. With additions like these and a defined path to profitability Karban sees his company as opportunistic as to when it decides to execute a go-public transaction.

Documentation is already on file with the Canadian Securities Exchange for the public offering.

Investors will be watching for the company to become cash flow positive in 2020, an elusive target for the vast majority of cannabis companies, which Karban says should happen in the first half of the year. This move towards profitability has been underscored by revenues rising from about $5 million per annum to about $70 million.

Click here to receive an investor deck and going public announcement

M7’s platform will cover almost 90% of California’s population, or more than 35 million people, with six new delivery markets coming online this year. Four planned cannabis dispensary acquisitions will continue to widen the Weden retail footprint too.M7 footprint 12020

ManifestSeven may have stated its first goal was dominance of the California market with its integrated B2B and B2C omnichannel platform, but that’s a jumping off point, not an end game. With most of California covered, the company is now starting to move into new markets in 2020, beginning with its operations in Arizona and Illinois.

With at least 16 states expected to have votes on marijuana legalization later this year, opportunities abound as to where M7 is heading next.

Disclaimer

CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on https://cannabisfn.com(the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies.  We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.

 

 

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Network Partners

Follow Us on Social Media

LinkedIn

About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading