Papa & Barkley, a well-known cannabis wellness brand in California, has merged into Mammoth Distribution, one of the state's leading distributors. The companies announced the merger Wednesday in a joint press release. This marks a significant consolidation within California's cannabis industry, promising a focus on quality, sustainability and expanded national reach.
Company Leaders Highlight Merger Benefits
Nik Patel, CEO and co-founder of Mammoth Distribution, highlighted the strategic benefits of the merger, stating, "Having Heavy Hitters, Papa & Barkley, and Almora working together as one team allows us to make better products, cut our CO2 emissions by sharing trucks and deliveries, and strengthen our retail partnerships."
- Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you’re serious about the business, you can’t afford to miss out.
"Our key performance indicator has always been ‘lives changed,' and joining the talented team at Mammoth Distribution will further that mission," said Adam Grossman, founder of Papa & Barkley.
"We look forward to expanding Papa & Barkley nationally, reaching more people who medically need our all-natural solventless cannabis products, made with the highest care and quality standards."
Scott Gordon, a board member at Papa & Barkley, expressed confidence in the decision. “After much consideration and discussions with potential partners, we chose Mammoth as the best home for Papa & Barkley. Mammoth's strong commitment to its customers, employees and the quality of its products is exceptional.”
Mammoth Distribution Eyes Multi-State Growth
Currently operating in California and New York, Mammoth Distribution plans to extend its footprint across other states in the coming year and remains open to additional mergers that align with its cultural and quality standards.
Read Next:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Click on the image for more info.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry?
Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.
Get your tickets now before prices surge by following this link.