As a marketplace platform for cannabis brands and retailers, the company has announced its partnership with the highly acclaimed Bloom Brands, a California-based pioneer in cannabis inhalation products. Bloom has joined the rapidly growing portfolio of brands represented by Petalfast throughout the state of California.
Since its establishment in 2014, Bloom has meticulously planned its range of cannabis products, including capsules, disposable items, and concentrates, to provide the best strains in a real and accessible format. Their proprietary molecular distillation process, driven by science, experience, and a deep understanding of cannabis, provides consistent and efficient products similar to cannabis. Bloom's award-winning strains are currently among the most highly regarded and successful in the California, Washington, New Mexico, Oklahoma, Massachusetts, and Arizona markets.
According to a recent report, the electronic vape pen is the second largest and most popular category of cannabis products in the United States. Its market share has significantly increased in the last two years and currently hovers around 22%. Furthermore, among the growing consumer group of Generation Z, the purchase of vape pens is much higher than the older generation, suggesting potential future market trends.
Jason Vegotsky, CEO of Petalfast, stated that Bloom's innovative products have been a powerful force in the cannabis industry for the past eight years. He expressed excitement to work with their team to expand their top-tier product line into new distribution channels and enhance PetalFast's presence in the rapidly growing vape market. With Bloom's excellent products and strong leadership, coupled with PetalFast's sales and marketing expertise, they are eager to provide authentic cannabis experiences to more consumers.
Since its inception, Petalfast has established a diverse portfolio of brands that showcase innovative products in the cannabis industry and help these brands grow within the highly competitive retail landscape. The company's collaborative platform approach is a key differentiating factor that significantly changes the way cannabis brands launch, expand, and establish themselves in the market.
Casey Ly, co-founder and chief revenue officer of Bloom Brands, said, "Petalfast represents and expands our brand in the market with a unique positioning that reflects its highest commitment to craftsmanship, delivering consistent results for its partners, just as Bloom does for our consumers. Our team's mission is to provide safe, high-quality vaping products that everyone can enjoy and incorporate into their daily health plan. We believe that Petalfast will help tell our story, enhance customer loyalty, and realize maximum revenue potential.
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