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Final Day to Invest in Union Electric!
Greetings UE Investors and Followers -
It's last day before the end of our Regulation CF Campaign ... Please note - Republic is expecting increased traffic on Monday for a new offering which could cause site slowdowns. Get your investment in ASAP if you would like to participate!
I want to give a huge thank you to the investors who have decided to support our company and join us on this journey. As we surpass 500 total investors, I like to think about what a crowded room or line of 500 people looks like and the energy a group this size can create around an opportunity or idea. This energy will have a huge impact on our business in an emerging industry, especially when all 500 people continue to evangelize the brand to friends, family and other cannabis consumers in the coming months and years.
The UE team is thrilled to welcome one of YouTube's most popular cannabis personalities, Erick Khan, as a member of Union. Over the last several years, Erick has built a devoted following of everyday cannabis consumers (over 843K subscribers on YouTube alone) who look to him for product recommendations and inspiration. With many traditional and digital advertising channels restricted to cannabis brands, Erick's partnership with UE is one of the most effective ways to reach our core consumer, particularly as we relaunch our direct to consumer service which will give digital audiences the ability to order UE from our website in just a couple clicks. Below is a product review of our Marshmallow OG & Modified Mintz as well as recorded conversation about building Union Electric and breaking into the cannabis industry.
On the business side, the big story for October has been the growth in our retail footprint as we get ready to make a push around our new high potency pre-rolls and direct to consumer delivery in November. The team is excited to report we have opened 24 new retail locations / delivery depots in October which is critical for expanding our reach and revenue across the state. We got some key wins by fully expanding into the Amuse delivery network in NorCal (San Jose / Brisbane) as well as high volume doors with core consumers such as Dr. Greenthumb - San Diego and Lemonnade - Sacramento. While the overall California cannabis market continues to navigate challenging conditions of oversupply and price compression, the UE team is finding avenues for growth by staying aggressive on pricing alongside our farm partners and launching new high-potency products that level up against the competition.
Roll Together, Max
Company Update:
New Flower Strains
Mother’s Milk (Kind Op)
SFVOG (Natura Life+Science)
Blueberry Haze (Kind Op)
New Products (14 packs launch next week)
PB Souffle (2pk // .5g Pre-Rolls // 30.82% THC)
Mother’s Milk (2pk // .5g Pre-Rolls // 27.45% THC)
Fatso #7 (2pk // .5g Pre-Rolls // 31.22% THC )
Unaudited Revenue
Q1: $624,451
Q2: $808,574
Q3: $1,501,216
Oct to-date - not closed: $173,226
New Retail / Depot Locations
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