oxnard presentation...inland empire consulting llc 3 “vibe by california” is a trusted,...
TRANSCRIPT
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w w w . v i b e b y c a l i f o r n i a . c o m
OnlineRetail
Cultivation DistributionManufacturing
Delivery
Oxnard Presentation
Inland Empire Consulting LLCd.b.a. Vibe by California Oxnard
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com2
• Qualifications of Owners
• Location
• Neighborhood Compatibility
• Community Benefit
OVERVIEW
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com3
“Vibe by California” is a trusted, vertically integrated cannabis company that proudly serves hundreds of thousands of clients
annually through its retail dispensaries. The Company operates cannabis cultivation facilities (both premium indoor & mixed-light
greenhouses), commercial cannabis distribution, e-commerce, home delivery, and manufactures its own “Hype Cannabis Co.” products.
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com4
• Experienced management executive, public and
private company board member, and private equity
investor
• Former CEO of a California based NYSE-Amex
company and Domino's Pizza of Canada
• Veteran entrepreneur and former Vice President of
J.P. Morgan & Co., US Hedge Fund Equity
Derivatives
• Undergraduate business degree from the Ivey
Business School at Western University, and an MBA
from the Kellogg School of Management at
Northwestern University.
M A R K W A L D R O NChief Executive Officer
• Mr. Starr oversees the day-to-day operations of
Vibe’s profitable portfolio of retail stores, cannabis
greenhouse & premium indoor cultivation,
distribution, e-commerce, home delivery, and
manufacturing operations.
• Over 20 years experience in the real estate industry
focused on the development, sales and
management of residential properties and
supportive living facilities
• Lead the closing of over one billion dollars of
acquisition transactions
• Experienced owner, operator and developer of
multi-family and commercial properties.
J O E S T A R RChief Operating Officer
M I C H A E L C A R L S O NChief Compliance Officer
• Mike has provided the vision, expertise, and positive
energy to build a safe, community-focused, and
successful cannabis business.
• Has worked as a consultant with several Cannabis
business throughout the state on compliance and
licensing.
• Over a decade experience working in Cannabis &
with municipalities like Sacramento & Stockton as a
stakeholder as policies were developed.
• Multi location restaurant operator in the Greater
Sacramento region.
• Mike’s role within the company will be to provide
compliance and operating procedure training on a
daily basis for Vibe’s team members.
OXNARD LEADERSHIP TEAM
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com5
Vibe intends to expand its retail footprint
via organic development of new retail
opportunities in underserved markets as
well as through acquisition of existing
dispensaries.
RETAIL EXPANSION1
Vibe is positioned for growth with a
management team experienced at branding
and scaling retail businesses through the
efficient deployment of human and financial
resources.
ACCRETIVE GROWTH
Vibe is a fully vertically integrated licensed
cannabis company in California, currently
focused on cultivation, retail, and delivery,
while further expanding its manufacturing and
distribution capabilities.
VERTICAL INTEGRATION
A LEADING VERTICALLY INTEGRATED CALIFORNIA CANNABIS RETAILER
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com6
Current Assets:
• 4 operating dispensaries
• 1 license application pending approval
• +2 dispensaries under development
• 1 opening March 2021
• 2 cultivation facilities
• 18,900 sq ft Crescent City
• 5,645 sq ft Sacramento + 2,822 sq ft nursery
• + New ~20,000 sq ft Sacramento ( Q2 & Q3 2021)
• 1 distribution operation
• 1 manufacturing license
• 3 delivery operations
Growth Strategy:
• Additional retail
• Provide capital, branding and retail technology support to established operators. Current Operations
Portland, OR
Sacramento
Stockton
Redding
Ukiah
Santa Rosa
Crescent City
Future Operations
License Application
Oxnard
LOCATIONS
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com7
HYPE CANNABIS CO.Hand-harvested with high standards and personal pride. Our
cultivation facility grows a diverse range of strains crafted for a
variety of taste profiles and experiences.
HYPE EXTRACTSVibe’s Hype Cannabis Co. flower is used to create premium vape
cartridges and white label extracts using volatile extraction
technology.
VIBE CBDA premium hemp-derived CBD product line. e-Commerce and
3rd party sales platforms will target broad market appeal.
7
VIBE BY CALIFORNIAVibe is a trusted cannabis retail, delivery, and e-commerce
brand serving hundreds of thousands of clients annually
throughout Northern California.
BRANDS & PRODUCTS
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com88
Focused on customer service, convenience and loyalty.
Current Retail Locations:
• Redding, CA
• Sacramento, CA
• Stockton, CA
• Portland, OR
• Ukiah, CA (Opening Q2 2021)
License Applications:
• Crescent City, CA
• Oxnard, CA
Vibe intends to expand its retail footprint via further organic
development of new retail licenses as well as through acquisition
of existing dispensaries.
RETAIL
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com9
OXNARD LOCATION
The project site is located on S. Ventura
Road along the frontage street,
servicing the retail business adjacent to
it. The site is located within ½ mile of a
Gold Coast Transit bus stop at Ventura
Road & 5th Street and offers on-street
parking as well as 5 off-street parking
spaces.
The site is zoned General Commercial
and is compatible with the adjacent
business' which are Step One Food
Mart, Skool Tatoo & Magic Therapy
1037-1039 South Ventura Rd.Oxnard, CA
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com10
FLOORPLAN & LAYOUT
1037-1039 South Ventura Rd.Oxnard, CA
Concept Rendering
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com11
COMMUNITY BENEFIT
Clean, Safe, Community-Conscious
Modeled after 2 successfully operated cannabis dispensaries developed by the
Vibe project team
Job Creation
Up-to 20 full-time and part-time employees, including project manager, dispensary manager, receptionist, retail
clerk, and security guard
Strategic Location
Extensive research to find a location outside sensitive use barrier that
provides benefits to the community
Neighborhood Improvements
Investing nearly $500,000 in both interior and exterior site improvements, including
enhanced security upgrade, odor mitigation, fire safety, ADA compliance,
and façade redesign
Local Selections
Local brands of flowers, pre-rolls, edibles, topicals, tinctures (including CBD), and a
variety of manufactured (non-flower) items*
*Estimated 65% of sales
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com12
Community Benefits
• Hiring local Oxnard residents
• Providing above average pay, healthcare and profit sharing
• Improving neighborhood security
• Investing and contributing to the community
“Vibe is committed to being a good neighbor and corporate citizen in the City of Oxnard”
• Healthcare benefits for full-time employees
• Employee Profit Sharing
• Employees are Owners
• Hiring local Oxnard residents and contractors
• Local Charitable Sponsorship
• Providing above average pay, healthcare and profit sharing
• Improving neighborhood security
• Investing and contributing to the community
Community Benefits
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com13
Community Benefits
• Hiring local Oxnard residents
• Providing above average pay, healthcare and profit sharing
• Improving neighborhood security
• Investing and contributing to the community
Community Benefit
Competitive EmploymentAll of our employees are paid well above comparable salaries, and
provided with healthcare, retirement, and continuing education
benefits.
Employee Health BenefitsAll full-time employees receive health and medical benefits upon
full-time employment.
Local Hiring & Local TradesWe are committed to maintaining preferential hiring policies for
Oxnard residents who have recently become unemployed.
Compassionate CareCustomers suffering from terminal illness are provided with dramatically discounted
products and services.
Sports & Community SponsorshipSponsorship, scholarships and donations to local charitable and non-profit organizations.
Local Internship, Profit Sharing & TrainingCommitment to hire 100% local employees and management. Employees become owners
in the company opportunity by generous stock grants, offer and encourage employees to
take updated career planning courses, in-house apprenticeship programs and online skills
inventory.
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com14
Community Benefits
Better TogetherVibe is committed to partnering with City-sponsored community activities, and to establish a scholarship
program for residents from disadvantaged communities.
Committed to the Wellness of OxnardWe look forward to becoming a valued corporate citizen
of the City of Oxnard and our focus is always on making
the community a better place than it was before we
arrived.
The Vibe team is committed to being a good neighbor,
working with the community by organizing neighborhood
clean-ups and youth sports programs.
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I N L A N D E M P I R E C O N S U L T I N G L L C
www.vibebycalifornia.com15
• Proven, profitable operating model and established brand provides foundation for expansion.
• Management brings strong retail, capital markets, finance and corporate structuring experience to drive profitability through the Company’s continued evolution.
• Significant roll-up opportunity in the largest, and perhaps most fragmented, cannabis market in the United States.
• Positioned for long-term success.
SUMMARY
See “Cautionary Statement Regarding Forward-Looking Information and Future-Oriented Financial Information”.