LOS ANGELES–(BUSINESS WIRE)–Pacific Consolidated Holdings Group Inc. (PCH), a newly fashioned working and holding firm targeted on hashish and analogous vice industries, right now introduced a merger of Saucey, a number one alcohol supply and logistics platform, and Emjay, a outstanding California targeted vertically-integrated cannabis delivery and retail platform. The merger of Saucey and Emjay marks the primary of a number of transactions on the horizon for PCH, whose goal is to scale best-in-class vertically built-in vice platforms, with a concentrate on e-commerce, supply logistics and cross trade behavioral insights.
PCH was fashioned in partnership with The Inception Companies and Saucey co-founders Chris Vaughn (CEO), and Daniel Leeb (COO) who now function PCH’s administration crew. By being the primary firm to mix years of client insights spanning behavioral and buy information throughout alcohol, hashish, tobacco, CBD and client product classes, PCH is uniquely positioned to deal with quickly evolving client behaviors, and actually perceive a buyer’s journey between vice classes. PCH’s different holdings embrace possession in hashish cultivation, in addition to further licenses up-and-down the hashish provide chain.
“We’ve spent the past decade in bev-alc at the forefront of providing solutions to changing consumer shopping behaviors. What we’ve seen is a more exploratory customer than the industry recognizes, ready to try new form factors, products and categories. The one consistent theme is they want to be able to discover and shop these products conveniently, and to be able to trust their platform of choice. The strength of PCH is that we’re able to provide unparalleled and personalized cross-industry shopping experiences to consumers, while also having the data to understand customer behaviors between cannabis, alcohol, tobacco and CPG. When you combine this with the diversified infrastructure of PCH and the incredible team we have working on these opportunities, it gives us the flexibility and the foundation for best serving the future of these industries,” says Chris Vaughn, CEO of PCH.
Launched in 2014, Saucey now operates throughout 22 U.S. markets, together with Greater Los Angeles, San Francisco, San Diego, Sacramento, New York City, Chicago, Washington, D.C., Dallas, Orlando, Tampa and Miami. Saucey continues to quickly increase its footprint to satisfy rising client demand, with gross sales development surpassing 200% year-over-year, all whereas sustaining profitability as an organization. With over 1 million registered customers, nearly all of that are in California, Saucey has run a number of surveys of its person base asking in the event that they’d use a hashish supply providing. Over 70% of Saucey respondents throughout the California market reported that they’d strongly like the chance to buy hashish merchandise, highlighting a client need for ordering throughout vice-related commodities. The firm has additionally launched a number of CBD and CBD beverage merchandise throughout its community in recent times, seeing these additions command a few of the highest CRM open charges within the firm’s historical past.
Launched in 2019, Emjay is uniquely positioned as one of many solely main hashish supply platforms that owns its underlying licenses. With a few of the largest supply protection in Los Angeles, and a curated menu of greater than 780 merchandise, Emjay affords greater than 2.5X the number of comparable scale supply providers. As a vertical operator, together with owned retail areas, Emjay can also be capable of provide merchandise delivered to clients at a few of the greatest costs – decrease than most main dispensaries and different massive supply platforms. The distinctive worth proposition of the broadest choice mixed with usually the most effective pricing, delivered rapidly to you, is resonating with clients. When Vaughn and Leeb took the helm of Emjay operations in January 2020, the supply enterprise was processing lower than $100okay in month-to-month transaction quantity. Today, Emjay is working nicely into 7-figure gross sales on a month-to-month foundation, rising at 25-30% per thirty days, and turned worthwhile earlier this yr. The firm is now targeted on coming into new markets and changing the massive California Saucey person base.
The Inception Companies has been deploying capital throughout the availability chain of the hashish trade since 2015. Through these investments they create the expertise of getting had a seat on the desk of a few of the largest operators within the trade, spanning cultivation, retail, manufacturers and real-estate.
“The broader cannabis market has largely struggled due to weak underlying fundamentals and poor management. But much like the dashed expectations that came with the rise and fall of the DotCom era, this industry is now evolving into Cannabis 2.0,” mentioned Omar Mangalji, co-founder of The Inception Companies.
He continued to say, “We strongly believe the companies focused on providing customers with the best quality and consistency of both product and experience will be the ones who win long-term. Inception has always focused on sustainable profitability, best-in-class corporate governance, and most importantly: serving the end consumer. The amalgamation of PCH represents to us the most powerful combination of assets across the supply chain. Combined they are uniquely able to leverage years of cross-industry behavioral and consumer data to bring customers a high quality, dynamic experience. It’s led by an exceptional and experienced team that has already begun to prove out the PCH philosophy and with whom we’ve worked very closely.”
With the merger of Saucey and Emjay full, PCH is concentrated on additional scale and growth, driving operational efficiencies between the platforms, and introducing client choices that resolve for right now’s altering buying habits throughout vice classes. To begin, as of right now, Saucey customers in Los Angeles will have the ability to seamlessly create an Emjay account utilizing their Saucey login, permitting them to toggle between accounts seamlessly with the faucet of a button.
With further hashish licenses in progress and plans to increase its geographic footprint, Pacific Consolidated Holdings is positioned to speed up Emjay and Saucey’s development trajectory and plans to rent greater than 100 crew members within the coming months.
- Creates Largest Vice Delivery Platform Company by Market Reach with Best-in-Class Operations: The acquisition expands PCH’s attain all through Southern California and offers the Company the power to leverage the nationwide model fairness it has constructed with its present high-profile platforms.
- Strengthens Logistics Capabilities: PCH will leverage the proprietary logistics expertise of each Saucey and Emjay to supply main last-mile supply operations and client purchasing experiences.
- Enhanced Infrastructure for Growth: The mixed platform bolsters PCH’s capability to develop and purchase clients, purchase and function inside new enterprise segments, in addition to lengthen license software efforts in new markets throughout the nation.
Launched in early 2019, Emjay is the main LA-based hashish supply and retail platform devoted to creating the most effective hashish purchasing expertise for shoppers. Emjay affords a broader choice than its rivals, obtainable for speedy and scheduled supply, at costs that match or beat going to high dispensaries.
Emjay’s main focus is on constructing client belief. It does this by means of white glove customer support, fastidiously curating all merchandise that find yourself on the menu and being extremely selective in its courier onboarding and coaching – lower than 20% of driver candidates make it on the platform as a driver. As one of many solely vertically built-in retail and supply platforms, Emjay owns and operates all its infrastructure, permitting it to supply unimaginable pricing to its clients. “All of the weed. None of the markup.” You can store at heyemjay.com
Since its launch in 2014, Saucey has reworked the alcohol-delivery trade by means of its dedication to providing top-notch customer support, the newest in proprietary last-mile logistics expertise, and an unparalleled mountain of client insights that information the best way main alcohol gamers can attain new, untapped audiences. Currently obtainable in main cities throughout the U.S., and quickly increasing in further markets all through the nation, Saucey not solely offers for its clients, but additionally helps the independently-owned liquor and comfort shops that act because the sellers on its platform. Shop now at saucey.com
About The Inception Companies
The Inception Companies, a non-public opportunistic funding agency primarily based in Los Angeles and London, has holdings in a wide range of asset lessons, together with real-estate, client retail and enterprise providers, expertise and authorized hashish. Founded in 2015, The Inception Co’s has emerged as a number one investor within the authorized hashish area, with sturdy market intelligence, a deep community of trade relationships, and a portfolio of direct investments totaling nicely over $5 billion in aggregated enterprise worth. Inception has usually taken a hands-on method with its investments by means of board illustration, company technique and operational oversight roles. The agency’s broad holdings embrace cultivation and manufacturing operations, retail and e-commerce platforms, client manufacturers, vaporization expertise and different ancillary strategic information aggregation investments. Some notable investments embrace Inception REIT/Subversive REIT LP, Medmen, JUUL/Pax, Weedmaps, Sunday Goods, Compass Pathways and BDS Analytics.
About Pacific Consolidated Holdings
Launched in October 2020, Pacific Consolidated Holdings Group Inc. (PCH) is an working and holding firm targeted on hashish and analogous vice industries. Founded in partnership between The Inception Companies and trade veterans Chris Vaughn (CEO) and Daniel Leeb (COO), the target of PCH is to function and scale best-in-class vertically built-in vice platforms, with a concentrate on e-commerce, supply logistics and cross trade behavioral insights. PCH’s different holdings embrace possession in hashish cultivation, in addition to licenses up-and-down the hashish provide chain. By being the primary firm to mix years of client insights spanning behavioral and buy information throughout alcohol, hashish, tobacco, CBD and client product classes, PCH is uniquely positioned to deal with quickly evolving client behaviors, and actually perceive a buyer’s journey between vice classes.