MWG is an executive management and holding company operating Perfect Union-branded retail stores and affiliated cannabis businesses. Its subsidiaries operate 15 cannabis retail locations across California and New Mexico and the company owns or controls cultivation, manufacturing and distribution assets, including a 30,000 sq. ft. premium indoor cultivation and distribution facility. MWG was approved to develop a 20,000 sq. ft. indoor greenhouse cultivation in Colfax, CA expected to be operational in 2021, and plans to launch an edible product line (starting with gummies) in Q2 2021. In 2020 the Perfect Union brand launched or acquired five new California storefronts and the company anticipates opening or acquiring and rebranding up to 12 new California stores in 2021. The company reported 84% year-over-year same-store sales growth and positive EBITDA. Proceeds from the recently closed Series B will be invested toward retail expansion, vertical integration, strategic acquisitions, new license applications, and increasing cultivation capacity to support its retail stores.

Total raised

$11M

Funding rounds

1

Latest round

Series B

Latest activity

Mar 2021