Bespoke Extracts, Inc. (OTC: BSPK)

Bespoke Extracts, Inc. operates within the regulated cannabis industry, focusing on the production and distribution of cannabis consumer packaged goods. The company's primary activities include manufacturing pre-rolled marijuana cigarettes, or "pre-rolls," and other processed marijuana products. Bespoke Extracts, Inc. was originally founded in 1988 and began its operations in the cannabis industry in 2023 upon the acquisition of a state-licensed adult-use marijuana infused products business in Aurora, Colorado.

The company generates revenue through the sale of its branded cannabis products, including Fresh Joints, Doobskis, DutchBlunts, and Wee Joints. These products are distributed to licensed marijuana dispensaries across Colorado. Bespoke Extracts, Inc. also offers processing services for licensed cultivators and dispensaries, earning fees for each unit processed and delivered.

• Branded Products: This segment focuses on the production of brands of pre-rolled joints and other processed marijuana products under newly created brand names. The company plans to explore licensing existing brands from other states and produce them in Colorado. Key brands include Fresh Joints, Doobskis, DutchBlunts, and Wee Joints. The company aims to establish a leading position in the adult-use market in Colorado and other US states by investing in brand building, product innovation, distribution, and cannabis education.

• Processing Business: Given its investment in personnel and equipment, Bespoke Extracts, Inc. leverages its infrastructure to provide processing services for licensed cultivators and dispensaries. In these arrangements, the company earns a fee for each unit processed and delivered.

Bespoke Extracts, Inc. operates in a highly competitive industry, facing competition from a range of private and public market participants. The company's management team has significant experience in cultivation, processing, and retailing of cannabis throughout regulated markets, which enables them to evaluate, acquire, and operate businesses efficiently. The company's industry knowledge, regulatory compliance, and strategic partnerships enhance its competitive position. However, the market is becoming increasingly competitive, with hundreds of companies entering the respective markets. The company's ability to compete effectively requires ensuring the quality and integrity of its product offerings.

The company's general customer base consists of licensed marijuana dispensaries across Colorado. These dispensaries purchase Bespoke Extracts, Inc.'s branded cannabis products for resale to adult-use consumers. The company's focus on quality, regulatory compliance, and strategic partnerships positions it to meet the needs of its customers and drive market share in the adult-use cannabis industry.