Bespoke Extracts Inc is a Nevada corporation whose common stock trades on the OTCQB under the ticker BSPK. The company operates through its wholly owned subsidiary Bespoke Extracts Colorado LLC. It focuses on the regulated cannabis industry in Colorado where it manufactures and distributes a portfolio of cannabis consumer packaged goods brands. The company also provides processing services for licensed cultivators and dispensaries.
The company generates revenue primarily…
Bespoke Extracts Inc is a Nevada corporation whose common stock trades on the OTCQB under the ticker BSPK. The company operates through its wholly owned subsidiary Bespoke Extracts Colorado LLC. It focuses on the regulated cannabis industry in Colorado where it manufactures and distributes a portfolio of cannabis consumer packaged goods brands. The company also provides processing services for licensed cultivators and dispensaries.
The company generates revenue primarily from the sale of its branded pre rolled cannabis products to licensed dispensaries across Colorado. It also earns fees for providing processing services where it prepares cannabis material for cultivators and dispensaries on a per unit basis.
The company operates through the following two operational segments: Branded Products and Processing Business.
• The Branded Products segment involves the creation manufacture and sale of cannabis consumer packaged goods under brands such as Fresh Joints Doobskis DutchBlunts and Wee Joints. The segment focuses on pre rolled joints and other processed marijuana products sold to licensed dispensaries. The company also explores licensing existing brands from other states for production in Colorado.
• The Processing Business segment provides fee based processing services to licensed cultivators and dispensaries. Using its extraction and packaging infrastructure the company prepares cannabis material and charges a fee for each unit processed and delivered.
Bespoke Extracts Inc competes in a growing and competitive regulated cannabis market in Colorado. It faces competition from other licensed producers as well as from illicit operators and psychoactive hemp based products that operate in a legal gray area. The company believes its strengths lie in the experience of its management team its focus on regulatory compliance and its ability to build distinct brands that meet varied consumer preferences. It aims to establish a leading position in the adult use market by investing in brand building product innovation distribution and consumer education.
The company serves licensed marijuana dispensaries throughout Colorado for its branded product sales. Its processing business works with licensed cultivators and dispensaries that require cannabis material preparation. Specific customer names are not disclosed in the filing.
Sectors:Consumer Staples · IndustrialsSector rationaleThe company's primary revenue comes from the manufacture and sale of branded cannabis consumer packaged goods (pre-rolled joints) to dispensaries, which falls under the Cannabis industry in Consumer Staples. A secondary sector of Industrials is justified because the company operates a distinct 'Processing Business' segment that provides fee-based extraction and packaging services to other businesses (cultivators and dispensaries), which is an outsourced operating service.Industries:CannabisConsumer StaplesPrimaryBespoke Extracts focuses on the regulated cannabis industry, manufacturing and selling branded cannabis consumer packaged goods such as pre-rolled joints under brands like Fresh Joints and Doobskis. Its primary revenue is generated from the sale of these cannabis products to licensed dispensaries.Industrial MachineryIndustrialsSecondaryThe company operates a Processing Business segment that provides fee-based processing services to licensed cultivators and dispensaries. It uses its extraction and packaging infrastructure to prepare cannabis material on a per-unit basis, which constitutes a business-to-business industrial processing service.Classified using BQ-MICSCIK: 0001409197