December 23, 2021
The Sacramento-based cannabis group behind dispensary chain Perfect Union is adding a wholesale distribution business following the acquisition of Santa Cruz-based OZ Distribution.
MWG Holdings Group Inc. is an executive management and holding company based in Sacramento. Its retail brand is Perfect Union, which operates 12 dispensaries throughout the state, according to its website.
OZ Distribution is a business founded in 2018 that acquires products from cannabis manufacturers and distributes them to California retail dispensaries. It partners with more than 400 dispensaries statewide, and the company produces its own branded cannabis flower and concentrate lines, including Royal Tree, Royal Dab and Royal Bud.
Following the acquisition, OZ Distribution will continue to serve dispensaries as a wholesale-focused business under the umbrella of MWG Holdings.
“OZ has been around for a few years and has relationships with about half of the cannabis companies throughout California,” Perfect Union CEO Denyelle Bruno said. “Our acquisition will allow us to plug into their distribution network and grow it.”
OZ Distribution’s team has about 20 employees, Bruno said. The acquisition is expected to result in an increase in the variety of products available at Perfect Union dispensaries as well.
The company declined to disclose the financial details of the acquisition.
Source: Sacramento Business Journal