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Cannabis One Holdings Inc. and ONE Cannabis Group are blazing a trail, announcing a definitive arrangement agreement to combine businesses, with the aim to expand the organization’s franchise footprint worldwide.
Cannabis One is known for its globally-recognized “House of Brands,” comprised of an extensive market footprint across North America. ONE Cannabis has paved the way for franchising cannabis dispensaries in the United States, with more than a dozen deals signed in new and emerging markets nationwide. Franchise partners utilize the company’s deep network of seasoned experts and turnkey franchise blueprint to enter the complex industry with ease.
Jeff Mascio, CEO of Cannabis One, said: “As two Colorado born and bred companies, we’re comprised of industry pioneers who have honed best practices across nearly all areas of cannabis over the past decade. Together, Cannabis One and ONE Cannabis will lead the industry into a truly successful Cannabis 2.0 with our winning combination. Our products and services deliver a level of consistency and quality to cannabis consumers that’s unmatched. Connecting these exceptional performers will usher in a wave of game-changing initiatives for the industry as a whole.”
Together, the Colorado-based companies will be focused on expanding its franchise operations globally, which includes agreements signed for 15 dispensary franchises across five states and multiple corporate dispensaries in the United States. They will also continue offering leading cannabis products, including brands such as Honu, Cheech, Evergreen Organix, INDVR and Green Man Cannabis with a distribution platform of over 900 retail dispensary locations nationally.
Mike Weinberger, COO of ONE Cannabis, said: “Franchising is the most agile and proven way to scale in the cannabis industry. Our franchisees own and operate their own dispensaries, hire locally and keep money in the communities they serve. The ongoing support and resources we provide allows them to scale more quickly [than having to go at it alone]. Cannabis One shares our vision of inspiring confidence in cannabis for all, and we look forward to working together to elevate our brands across North America and beyond.”
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