From our humble beginnings in 2017 as San Diego, CA cannabis producer to our position today as a Southern California leader within the medical cannabis industry, we’ve delivered excellence in services and legal access to cannabis, and best-in-class experiences that people love. Driven by an entrepreneurial spirit, we embrace innovation and bold ideas to intentionally contribute to a future that we truly believe is worth reaching for.
We don’t follow paths, we make them. We think creatively, listen diligently and use data to anticipate trends. We invest in partnerships and take calculated risks to deliver more for our consumers, shareholders, employees, and industry. This is why Prime Harvest continues to experience growth.
Our flagship retail brand, Jaxx Cannabis, is driving strong growth for us today. But we are relentless in our pursuit and never settle for the status quo. We press forward with visionary leadership and a team of bright talents who fuel our desire to push boundaries and create opportunities. With a steady stream of innovative and diverse ideas, we rally as a collective around opportunities that help us to solidify our position as a leader in the industry with a sound foundation, helping us grow in ways that are sustainable and fair.
As we look ahead, the future is bright. Learn more about Prime Harvest.
“If you really look closely, most overnight successes took a long time.” – Steve Jobs
JUST THE BEGINNING
One of four San Diego County licensed medical dispensaries, began doing business as “Olive Tree Wellness Center”, a patient association serving the San Diego community.
ONWARD AND UPWARD
Proposition 64 passed in CA allowing for Adult-use operations but giving municipalities the option to participate. San Diego county opted to not participate remaining solely in the Medical market. The company struggled as our competitive power was crippled by regulation and the relentless black and gray markets.
A NEW BEGINNING
We took a different approach and identified challenges, gaps, assumptions, and opportunities for operational adjustments to be made that would have a direct impact on the organization’s bottom line. We adopted new strategies, supplemented the team, and started to rebuild from within. Jaxx Cannabis, our flagship store was born. A rebranding strategy that yielded an immediate positive impact on the bottom line.
A SOLID FOUNDATION
Characterized by a global pandemic, nonetheless, cannabis was deemed an essential business. Consumption of cannabis increased showing evidence that the cannabis industry is recession and pandemic-proof. Such characteristics coupled with the operational adjustments implemented in the prior year had a positive impact on our bottom line.
BUILDING A STRONGER TOMORROW
The pandemic started subsiding, sales at Jaxx increased by 34% from 2020, and the gross margin was at a record 63% by the first quarter. With the systems in place to drive our expansion, we are well on our way to execute on our strategically designed plan for sustainable growth.
EXPANSION IN MOTION
We continued to advance our strategy of growing the top and bottom lines, driving a high-performance culture to expand margins, and optimize our allocation of capital. 2022 was characterized by our successful entrance into the Adult-use market which contributed to a 976% revenue growth; and the acquisition of strategic licensed assets in the City of San Diego for retail and delivery, and 10,000 SQFT for cannabis manufacturing and distribution operations.
WEED 4 THE PEOPLE
The Company was qualified by the U.S. Security and Exchange Commission (“SEC”) to begin its anticipated Regulation A+ offering Weed 4 The People. Prime Harvest Inc. is seeking to raise $42 Million at $4.20 per share at a minimum of 100 shares. The Regulation A+ (“Reg A+”) capital offering allows Prime Harvest to raise up to $75 Million from both accredited and non-accredited investors. Those interested in investing and learning more details can visit the official Offering Page http://www.Weed4ThePeople.com.