Matteo1234 wrote: The company was founded by Doug Chloupek, the man who literally received the first cannabis license in California.
Juva has two stated missions:
1. Be the lowest cost product by using a vertically integrated model to sell cannabis.
2. Develop "precision cannabis" products that deliver the right formulation to the right individual at the right time.
The company operates six divisions: Cultivation, Processing, Research, Manufacturing, Distribution, and Retail/Delivery.
That means growing cannabis, operating a network of retailers to sell/deliver brands and white-label products, distribute their products, and conduct therapeutic and medical research.
While some may immediately conclude this is just another cannabis company, the retail portion of the business is a side hustle. It should generate around $15 million to $18 million in revenue for 2021, growing to around $40 million by 2022. That would create positive cash flow for the business.
By employing a vertically integrated cannabis model, Juva can offer higher quality, fresher, and more affordable product. They can also manage costs and the supply chain better.