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Manifestseven Holdings Corp
Symbol MSVN
Shares Issued 98,394,418
Close 2021-02-10 C$ 0.50
Market Cap C$ 49,197,209
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ORIGINAL: ManifestSeven Announces Expansion of Delivery Operations in Northern California

2021-02-10 17:21 ET - News Release

ManifestSeven Announces Expansion of Delivery Operations in Northern California

Canada NewsWire

Repurposed delivery-only facility in Oakland broadens the operational capabilities and geographic footprint of Weden, the Company's direct-to-consumer division

IRVINE, Calif., Feb. 10, 2021 /CNW/ -- ManifestSeven Holdings Corporation (CSE: MSVN) (OTCMKTS: MNFSF) ("M7" or the "Company"), California's first integrated omnichannel platform for legal cannabis, today announced the expansion of its local on-demand delivery operations in Oakland, California, strategically located in the heart of the San Francisco Bay Area. The move augments the existing operations of Weden—M7's innovative retail marketplace that merges the Company's e-commerce, storefront, and delivery operations into a singular consumer-facing brand—by enhancing its coverage of one of California's most populous and demographically diverse markets.

The Company commenced operations in Oakland in 2018, operating out of a multi-purpose facility that served as one of M7's initial distribution centers as well as a local on-demand delivery hub that established Weden's brand presence in Northern California. Centralizing the Company's Northern California distribution and logistics operations in its new scaled facility in Brisbane has allowed M7 to convert the Oakland facility into one of the region's most robust delivery-only hubs, expanding Weden's operational square footage in Oakland by over 1,000 percent, and significantly broadening its geographic footprint in the San Francisco Bay Area market.

"As one of M7's first operational facilities in California, Oakland has long been a key component of our licensed infrastructure throughout the state," said Sturges Karban, M7's Chief Executive Officer. "As we progress the statewide expansion of our core regulated cannabis operations and advance the Company's business toward consolidated net profitability, we are keenly focused on optimizing the efficiency of our operations. Our newly repurposed Oakland facility will allow Weden to more effectively address the growing demand for cannabis delivery services in local communities throughout the San Francisco Bay Area market that, to date, have been largely underserved."

The delivery-only Oakland hub provides scaled inventory storage and improved logistics and fulfillment capabilities, enabling Weden to offer its customers an expanded and diversified product menu and optimized responsiveness and delivery times. These operational enhancements allow Weden to broaden its geographic coverage of the coveted East Bay Area submarket—one of the most populous regions of the San Francisco Bay Area with over 2.5 million residents—and expand its on-demand delivery service offering to a larger and more concentrated base of local cannabis consumers.

About ManifestSeven:

ManifestSeven is the first integrated omnichannel platform for legal cannabis, merging compliant distribution with a retail superhighway. M7, headquartered in Irvine, California, services the needs of lawful operators across the supply chain, from the cultivator to the consumer, through an expansive network of four facilities stretching from the San Francisco Bay Area to San Diego. M7 further augments its business-to-business value proposition with a growing portfolio of owned and operated retail operations located in major metro markets, including brick-and-mortar dispensaries, local on-demand delivery services, e-commerce, and subscription offerings. Learn more at manifest7.com.

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This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs and assumptions regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. This forward-looking information is based on certain assumptions made by management and other factors used by management in developing such information. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include, regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in its entirety by this notice.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The Company's securities referred to in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. Accordingly, the Company's securities may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of any offer to buy any Company's securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

Cision View original content:http://www.prnewswire.com/news-releases/manifestseven-announces-expansion-of-delivery-operations-in-northern-california-301226370.html

SOURCE ManifestSeven

Cision View original content: http://www.newswire.ca/en/releases/archive/February2021/10/c1265.html


Investor Contact: Phil Carlson / Allison Soss, KCSA Strategic Communications, Email: M7@kcsa.com, Phone: 212-896-1233 / 212-896-1267; ManifestSeven Investor Relations, Email: IR@manifest7.com, Phone: 949-409-9330; Media Contact: Nick Opich, KCSA Strategic Communications, Email: M7@kcsa.com, Phone: 212-896-1206, http://manifest7.com

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