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BellRock Brands Inc DXBRF

BellRock Brands Inc. (BellRock) is a cannabis consumer packaged goods (CPG) and intellectual property platform company. The Company is a multi-state cannabis house of brands possessing product portfolios, developed through research and differentiated intellectual property. The Company has approximately 100 products available through its two flagship brands, Dixie Brands and Mary’s Medicinals. The Company’s product portfolio is found in approximately 10 United States and Canada. BellRock is also home to Mary’s Nutritionals and Mary’s Tails, which is a hemp-derived wellness product for humans and their pets, as well as Mindset, the Company’s vaporizer cartridge line.


GREY:DXBRF - Post by User

Post by wussyon Apr 28, 2021 8:35am
239 Views
Post# 33081036

News

NewsCANNABIS CPG MSO BELLROCK BRANDS ANNOUNCES COMPLETION OF NEW MANUFACTURING FACILITIES IN DESERT HOT SPRINGS, CA AND JACKSON, MI Bellrock Brands Inc.'s construction of two production facilities in Desert Hot Springs, Calif., and Jackson, Mich., is complete. Both facilities are now fully operational, producing a wide range of BellRock products. The opening of these two facilities provides BellRock complete control over the manufacturing of its four brands, Mary's Medicinals (Mary's), Dixie Brands (Dixie), Rebel Coast and Defonce, in the markets where those brands are sold. The Desert Hot Springs, CA facility is a 12,000 square foot building that has begun producing the Company's food and beverage products. BellRock will maintain its second California manufacturing facility in Grover Beach, which currently produces Mary's non-ingestible products. The 16,000 square foot Jackson, MI facility has begun producing both Mary's and Dixie products. "We are pleased to announce that our Desert Hot Springs and Jackson facilities are now open and fully operational. It has been our goal to shift away from third-party manufacturers and bring the capability in-house," said Brian Jansen, President of BellRock. "The completion of these two facilities represents our ability to realize efficiencies and obtain full control of the manufacturing of our brands, while increasing revenue and profitability." Mary's began distributing its own products in California in 2019 and currently operates distribution centers in Van Nuys, San Rafael, and Grover Beach. In 2020 Mary's began distributing Rebel Coast and Defonce products and presently all three brands are represented by the BellRock sales team in California. Dixie will join the BellRock portfolio on the same sales and distribution platform in Q2 this year. Mary's and Dixie entered Michigan in 2018 and 2019, respectively. Jansen continued: "We are deeply committed to providing our consumers with the highest quality products while providing excellent service to our consumers, and the establishment of these two facilities helps us achieve that goal. We continue to find ways to capitalize on synergies that exist within our organization to profitably expand our business, and we believe this ultimately provides value to our shareholders."
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