Today, luxury cannabis brand Saucey Farms and Extracts announced that it has entered into an agreement with TPCO Holding Corp. (“The Parent Company”)(NEO: GRAM.U) (OTCQX: GRAMF). As part of the agreement, The Parent Company will manage the manufacturing and distribution of all Saucey products in the state of California.
The Parent Company brought together global icon and entrepreneur Shawn “JAY-Z” Carter, entertainment powerhouse Roc Nation, California’s leading direct-to-consumer platform Caliva, and top cannabis manufacturer Left Coast Ventures, to form a cannabis industry leader for the post-prohibition era.
“With all of the recent legalizations across the country, it was important for us to partner with a company that can help us grow to meet increasing demand,” said Alex Todd, Founder of Saucey Farms and Extracts. “I’m looking forward to working with The Parent Company, which has proven itself as a leader in the cannabis industry, and am excited to continue to expand our footprint in delivering our premium-grade cannabis offerings to consumers throughout California.”
“We at The Parent Company pride ourselves on not only the development but identification of powerhouse brands in the cannabis industry,” said The Parent Company COO Dennis O’Malley. “Saucey’s brand DNA and premium products, coupled with the brand’s unique understanding of where cannabis and mainstream culture intersect, will add to our existing product offerings in our direct to consumer and wholesale channels. We look forward to growing our businesses together in California and beyond.”
Saucey Farms and Extracts offers a premium array of cannabis products including exotic cannabis flower strains, all-natural cannabis oil cartridges and kiefed pre-rolls. The brand’s offerings also include the bestselling CAPO blunt, an exclusive collaboration with legendary hip-hop artist and cannabis connoisseur Jim Jones, which was one of the first pre-rolled blunts to come to market.
“Saucey has always been ahead of the curve when it comes to cannabis, and it’s been dope to work alongside Alex and the team,” Jones said. “It’s crazy to see how the cannabis industry has changed in such a short time, and this new partnership is just another exciting step in expanding Saucey across the country.”
ABOUT SAUCEY FARMS AND EXTRACTS
Saucey Farms and Extracts is a luxury cannabis brand that offers products that are organically-grown, slow-cured and premium-grade. The brand’s selection of products ranges from vape cartridges to cannabis flowers that appeal to all adult consumers, from novice users to veteran connoisseurs. To ensure high potency and purity, the brand has established a dedicated team of master cultivators and experts in cannabinoid research to help increase the quality of our cultivars through selective breeding processes.
About The Parent Company:
The Parent Company (TPCO Holding Corp.) (NEO: GRAM.U, GRAM.WT.U) (OTCQX: GRAMF; OTC PINK: GRMWF) is California’s leading vertically integrated cannabis company combining best-in-class operations with leading voices in popular culture and social impact. The Parent Company brought together global icon and entrepreneur Shawn “JAY-Z” Carter, entertainment powerhouse ROC NATION, California’s leading direct-to-consumer platform CALIVA, and leading cannabis and hemp manufacturer, LEFT COAST VENTURES, to form a cannabis industry leader for the post-prohibition era. Chief Visionary Officer Shawn “JAY-Z” Carter, one of the most recognized and celebrated entrepreneurs of our time, guides The Parent Company’s brand strategy in partnership with Roc Nation, the world’s preeminent entertainment company with a roster of culture-making artists, athletes and influencers. The brands we build together will pave a new path forward for a legacy rooted in equity, access, and justice.
Forward Looking Statements
This press release may contain forward-looking information within the meaning of applicable securities legislation which reflects The Parent Company’s current expectations regarding future events. The words “will”, “expects”, “intends” and similar expressions are often intended to identify forward looking information, although not all forward-looking information contains these identifying words.
Specific forward-looking information contained in this press release includes, but is not limited to, statements concerning the distribution and manufacturing partnership Saucey Farms and Extracts and the potential success of that brand in California. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond The Parent Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward looking information. Such risks and uncertainties include, but are not limited to: changes in general economic, business and political conditions, changes in applicable laws, the U.S. and Canadian regulatory landscapes and enforcement related to cannabis, changes in public opinion and perception of the cannabis industry, reliance on the expertise and judgment of senior management, as well as the factors discussed under the heading “Risk Factors” in The Parent Company’s Annual Information Form dated March 25, 2021, which is available on SEDAR at www.sedar.com. The Parent Company undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
© 2021, Seth Barmash. All rights reserved.