Right after a decade in small business, a familiar Denver dispensary chain is gone. Sticky Buds, which dates back to 2009 and was 1 of the early health-related marijuana dispensary brands, has sold its final two shops to Front Variety dispensary chain Solace Meds.
Sticky Buds as soon as had 3 shops in Denver, on busy South Broadway, West Alameda and East Colfax avenues. The West Alameda shop was sold in 2016 to Northern Lights Cannabis Co., but Sticky Buds continued operating the other two places.
But now the ownership group behind Sticky Buds, which comprises Rodney Hurlbut, Kenneth Relyea and Adam Rettler, have sold these shops to Solace Meds and managing member Ken Correa, according to Solace Meds district manager Mark Kriesman. The official ownership alter took location September 1, and when the two shops are staying open for the duration of the transition, they are gradually rebranding.
Each shops are recreational-only places.
“We’ve kept most of the employees and are gradually rolling it more than,” Kriesman says. “The two neighborhoods we’re in are heavily populated with dispensaries, but we develop some fairly superior weed, so we’re excited to share it with some of the neighborhood.”
Founded by Correa in 2009 as a lone health-related marijuana dispensary in Fort Collins, Solace Meds expanded to Wheat Ridge in 2013 and also ventured outdoors of Colorado, with a licensed wholesale cultivation in Oregon and a health-related marijuana dispensary in Oklahoma. Regardless of the current expansion, Solace Meds remains a privately owned firm, Kriesman says, and nevertheless considers itself “1 of the smaller sized shops.”
But that compact operation just doubled its retail footprint in Colorado with out adding any more expanding licenses, and Kriesman is currently functioning really hard to preserve the shops completely stocked as reports of increasing cannabis costs surface.
“We nevertheless only have 3 grows, so our complete employees has been cold-calling to see what is readily available,” he explains, adding that his employees has been profitable in maintaining the shelves stocked when preserving the store’s loyalty plan. “We’ll do what ever we can to make loyal buyers, and in our initial two markets, we’ve absolutely performed that.”