Bespoke Extracts Profile
Bespoke Extracts, Inc. sells a line of specially-formulated hemp-derived cannabidiol (CBD) products.
The company operates within the regulated cannabis industry through a new business division called Bespoke Extracts Colorado, LLC, which, upon closing of the WonderLeaf acquisition, became be a licensed owner and operator of recreational marijuana processing facilities located in Colorado.
The company’s expanded business plan may include the acquisition of licensed medical and recreational marijuana dispensaries, cultivation facilities and production facilities in states, which allow publicly traded companies to own and operate such businesses. Depending on the markets entered and state regulation, the company’s plan may also include asset purchases, management/consulting operating agreements, or similar agreements.
WonderLeaf
The company has developed a plan to potentially acquire and merge, or roll up direct plant-touching dispensaries, manufacturing facilities, and cannabis cultivation facilities with a target to be one of the highest quality, craft cannabis, seed-to-sale businesses in Colorado.
In 2023, the company closed on its acquisition of WonderLeaf, LLC (WonderLeaf) assets and they are owned and operated by Bespoke Extracts Colorado, LLC.
Branded Products
The company plans to offer cannabis processing focusing on two primary categories:
Branded Products – The company plans to pursue production of brands of pre-rolled joints and other processed marijuana products under newly created brand names. The company also plans to explore licensing existing brands from other states and produce them in Colorado. For its branded product segment, the company plans to purchase high quality marijuana, process and package the marijuana and re-sell it to licensed dispensaries.
Fee For Service Business- Given the company’s investment in personnel and equipment it is able to leverage its infrastructure and provide processing services for licensed cultivators and dispensaries. In these arrangements, the company earns a fee for each unit processed and delivered.
Supply, Manufacturing and Logistics
The majority of the company’s licensed cannabis business is ordered electronically through a national data platform. All the company’s products are tested by an independent third party via issuance of a Certificate of Analysis (COA), for cannabinoid content and profile, microbiological content, heavy metal content, pesticide content, and residual solvent content.
History
The company was formerly known as DiMi Telematics International, Inc. and changed its name to Bespoke Extracts, Inc. in 2017.
