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MJIC Acquires Subscription Service Puff Pack to Expand Delivery Capabilities
Wednesday 05 September 2018

5 September 2018 - California, US-based cannabis company MJIC, Inc. has acquired California-based online, on-demand subscription service Puff Pack, to expand delivery services and boost existing subsidiaries, the company said.
Terms of the transaction were not disclosed.
MJIC said its acquisition of Puff Pack combines two successful businesses for the benefit of customers and investors. Puff Pack's operations will be integrated into MJIC's subsidiary Rolling Paper Depot (RPD), based in Phoenix, Arizona.
The company believes that the operational support the Puff Pack business unit will receive as part of the company's broader ancillary platform will allow it to aggressively ramp up its subscriber base, generate significant revenue growth, and achieve considerable operational efficiencies.
MJIC is a fully-licensed and integrated infrastructural and services platform for compliant cannabis. The company services the needs of lawful operators across the supply chain, from the cultivator to the consumer, and from long-haul statewide commerce to the local last mile.
Puff Pack markets and sells third-party branded ancillary products to end-users throughout the United States and around the world through a proprietary e-commerce website on a monthly subscription basis.
Date Published: 05/09/2018
Target: Puff Pack
Country: USA
Sector: IT/Online Services
Type: Corporate acquisition
Status: Closed
Buyer: MJIC, Inc.
Terms of the deal were not disclosed