- Prime Harvest launched Reg A+ offering, Weed 4 The People, which enables public to invest for as little as $4.20 per share
- Company aims to raise $42M to fund expansion of JAXX Cannabis, flagship store and delivery platform
- Company achievements include 976% revenue growth from 2019-2022, 395% unique customer growth, 60+ brand partners
- Company aims to open 20++ locations across California within five years, recently received approval recommendation for conditional use permit to open retail cannabis outlet in the City of San Diego
Prime Harvest, a tech-focused legal cannabis enterprise and parent company to SoCal’s premier dispensary JAXX Cannabis, recently launched Weed-4-The-People – the company’s Reg A+ offering that allows the public to own a piece of the company for as little as $4.20 per share at a minimum of 100 shares.
Prime Harvest aims to raise upwards of $42M to fund the expansion of JAXX Cannabis, the company’s flagship store, and delivery platform. Options for potential investors range from $420 to $50,000+, with rewards that include equity stake in the company, and in store benefits including instant rebates, cashback incentives, Jaxx tasting room access, bonus shares, and more.
“Weed-4-The-People is a different type of stock offering; an offering where every single dollar you invest goes toward the acquisition of licensed assets, toward the development our direct-to-consumer mobile app, and the expansion of state-wide delivery,” stated Prime Harvest Founder Duane Alexander in a note on the Reg A+ offering website.
Prime Harvest has been active in the San Diego cannabis space since its inception as a local producer in 2017. The company has since grown to include 60+ brand partners, including iconic brands like Jeeters, STIIIZY, Lime Cannabis Co., West Coast Cure, and Grizzly Peak.
The company’s objective is to continue the development of its upcoming first-in-class delivery service mobile app which promises to strengthen the commercial cannabis pipeline while offering consumers a personalized, data-driven experience. According to Reg A+ offering website, company revenue grew by 976% from 2019-2022, while annual customer growth increased by $696 and unique customer growth expanded by 395%.
Prime Harvest aims to open 20+ locations across California within the next five years. The company recently received an approval recommendation from the San Diego Planning Group for a conditional use permit to open a retail cannabis outlet in the City of San Diego (https://cnw.fm/hCK6u). Unlike previous attempts from different business entities, Prime Harvest’s application took a positive turn due to noteworthy support by the local community during the public hearings process.
Prime Harvest continues to grow its footprint in California by investing in the growth and scale of current licensed assets, focusing on acquisition, compliance management, and direct-to-consumer operations. With an experienced leadership team, a solid business foundation, and a winning track record, the company is strongly positioned to lead California’s rapidly growing cannabis sector.
For more information on Prime Harvest’s Reg A+ offering, visit www.weed4thepeople.com.
For more information, visit the company’s website at www.PrimeHarvestInc.com.
NOTE TO INVESTORS: The latest news and updates relating to Prime Harvest are available in the company’s newsroom at https://cnw.fm/PRIME
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