- PVSP Media Department
New Partnership is Adding Up To $12 Million in Concentrates Revenue
Pervasip today announced a partnership between BCCTG, LLC and Zen Asset Management ("ZAM"), developing concentrates products for the Washington and other markets.
SEATTLE, WASHINGTON, July 13, 2022 (GLOBE NEWSWIRE) -- Pervasip Corp. (OTC: PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, together with Zen Asset Management today announced a new strategic partnership between BCCTG, LLC and Zen Asset Management (“ZAM”) for development of concentrates brands. As a first project, the partners agreed on licensing Dabs4Less and Vape4Less for distribution by Artizen in Washington State and other US markets.
The $380 million-dollar annual Washington State vape and concentrates market is an untapped opportunity for Artizen. The Dabs4Less and Vapes4Less brands are already established in several retail stores across the state of Washington generating roughly $200,000. Artizen’s deep retail distribution channel and using some of the biomass grown by Artizen’s independent cultivators will provide material go to market power, driving broad penetration.
Priced for sell through and taking advantage of certain production efficiencies the brand is expected to drive sales of up to $700,000 per month or $8.4 million annually.
“Months of development and staying focused on the ultimate goal - disrupting the market and gaining share quickly - allowed the teams at BGGTG and ZAM to realize a unique brand and go to market strategy. Our independent cultivators growing flower for the Artizen brand and a processing lab under BCCTG management that is known for high quality manufacturing worked tirelessly to bring the brand’s vision to realization and produce product quality at the high end of the given price segment,” says German Burtscher, Pervasip’s CEO & President.
Additional vape and concentrates brands and offerings will be developed by this new partnership and rolled out during the third and fourth quarter of 2022, driving annualized revenues towards $12 million for Artizen’s vape and concentrates vertical.
Pervasip Corp., a developer of companies and technologies in high value emerging markets, owns Artizen Corporation and its subsidiary, Zen Asset Management LLC, a diversified asset management company founded to acquire, develop, and support companies and technologies in the cannabis industry. ZAM’s existing clients operate four licensed cannabis cultivation and one processing facility in Washington. Most of the biomass produced by these independent cultivators has been sold historically under the Artizen™ brand, including all-time top selling products in flower in Washington state. Additional information on Artizen-branded products is available online at www.artizencannabis.com. Pervasip additionally owns 5% of KRTL Biotech, Inc., a developer of biotechnologies with a focus on pharmaceutical applications of cannabinol and psilocybin. Additional information on KRTL is available online at www.krtlbiotech.com. Additional information on Pervasip can be found at www.pervasip.net.
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