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Rodedawg International Broadens Market Reach with Tree Moguls Dispensary and Delivery Expansion

May 13, 2024


Key Takeaways

  • Rodedawg International is expanding Tree Moguls to retail dispensaries and delivery services in California cities, including Long Beach and Los Angeles.
  • The expansion aims to enhance the availability of high-quality cannabis products.
  • This initiative aligns with Rodedawg’s 2024 Corporate Roadmap on quality and innovation.

Expansion Strategy and Market Impact

Rodedawg Ind. Intl., Inc. announced in a news release that it is broadening the reach of its Tree Moguls brand into various retail cannabis dispensaries and extending its delivery services into Orange County, CA.

This initiative covers major urban areas like Long Beach, Lake Elsinore, Costa Mesa, and Los Angeles, aiming to meet the increasing consumer demand for premium cannabis products.

Chris Swartz, CEO of Rodedawg, stated that the expansion is designed to meet evolving consumer needs and establish Tree Moguls as a reliable name within the industry.

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"We are thrilled to announce the expansion of our Tree Moguls brand into retail dispensaries and delivery services," Swartz said in the news release. "This milestone represents our commitment to meeting the evolving needs of consumers and further establishes Tree Moguls as a trusted name in the cannabis industry."

Corporate and Operational Development

The 2024 Corporate Roadmap of Rodedawg outlines a plan focused on growth, innovation, and customer satisfaction. These elements are crucial for maintaining a competitive edge in the rapidly evolving cannabis market.

Partnerships and Collaborative Ventures

Partnerships with Budding Horizon, LLC, and Brother Buds support the expansion. Brother Buds operates under a non-storefront cannabis delivery license, serving Los Angeles County, Orange County, and northern San Diego County.

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Future Prospects and Industry Positioning

With this strategic expansion, Rodedawg aims to strengthen its market presence and reputation for quality. According to the release, the company’s focus on direct-to-consumer delivery models and retail expansion indicates broader industry trends toward accessible cannabis solutions.

Rodedawg continues to target strategic objectives emphasizing quality and customer service, reinforcing its position as a prominent player in the regulated California cannabis market.

Why We Care

Rodedawg International Industries, Inc.'s expansion of its Tree Moguls brand into retail cannabis dispensaries and delivery services is part of the company's 2024 Corporate Roadmap. The company aims to enhance market penetration and consumer access to premium cannabis products.

The global cannabis extract market is on a rapid growth trajectory and is expected to grow at a CAGR of 16.8% and reach $21.6 billion by 2026. The expansion taps into this growth, positioning Rodedawg in key Californian cities and planning for broader U.S. market entry, where 37 states have legalized medical use, and 23 states allow recreational use.

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By integrating its operations across cultivation, manufacturing, and sales, Rodedawg aims to control product quality and distribution, which is vital for maintaining competitiveness. This approach aligns with the positive momentum in the cannabis stock market, which has recently outperformed major indices like the S&P 500, reflecting strong investor confidence in the sector's potential.