Record-Breaking Revenue and Customer Growth Among Top Achievements of 2024
SACRAMENTO, CA - January 21, 2025 (NEWMEDIAWIRE) - MWG Holdings Group, Inc. (“MWG Holdings” or “MWG”), a leading purpose-driven, locally-focused cannabis company with award-winning roots in the California medical and recreational markets, announced operational highlights for 2024 and shared a robust vision for the Company’s continued growth in California’s cannabis market in 2025.
Based in Sacramento, California, MWG operates nine dispensaries across the state – Perfect Union and Wild Seed Wellness -– as well as a 30,000 square-foot premium indoor cultivation and distribution facility. MWG’s retail stores saw record-setting sales in December 2024, surpassing August 2024, its previous highest revenue month, by 1.2 percent.
In the same year, MWG Holdings achieved a total customer count growth of more than 5 percent across all Perfect Union and Wild Seed Wellness retail locations, driven by a data-focused approach to retail operations. Green Wednesday proved to be a standout moment in 2024, achieving the highest single-day customer count in the past three years, solidifying the Company’s ability to attract and retain a growing share of the market.
This performance aligns with MWG Holdings’ dedication to leveraging data analytics to drive retail decisions, as highlighted during the Company’s various cannabis industry panel discussions in 2024. MWG Holdings is continuously benchmarking its stores against mainstream retail metrics to enhance customer experiences and optimize sales strategies.
“Our 2024 performance reflects the strength of our team and our ability to adapt to California’s dynamic cannabis market,” said Tom Sheridan, CEO of MWG Holdings. “As we head into 2025, we’re remaining focused on delivering exceptional customer experiences in our retail stores, expanding our footprint, and setting the standard for operational excellence in the industry. The growth we’ve achieved across our retail locations underscores the value we’re bringing to our customers and the communities we serve.”
Operational Highlights for 2024 Included:
-
Perfect Union’s commitment to excellence was recognized with the Silver Award for Best Dispensary in the Sacramento Favorites Awards in November 2024.
-
Angelica Sanchez, Senior Director of Government Affairs and Compliance, earned a spot on Marijuana Venture Magazine’s 40 Under 40 list, showcasing the Company’s leadership in shaping the industry.
-
MWG Holdings’ Senior Leadership Team Members were selected to serve on the NCIA’s State Regulations and Cannabis Cultivation Committees, including Chelsea Haskins, Director of State and Local Licensing, who was appointed Vice Chair of the Cannabis Cultivation Committee.
-
MWG Holdings partnered with HIMALAYA to release a limited edition ‘Love is Love’ Pride vape battery during Pride month in June 2024.
-
MWG Holdings introduced several exciting product launches and expansions in 2024, including the top-selling Cap City Collection, 530 Grower’s 5G Pop and 5G Tea Cannabis Beverages, and an expanded Blazy product line in both the vape and edible product categories.
-
MWG Holdings VP of Marketing, Nicole Hanratty, spoke on the MJ Unpacked “Harnessing Consumer Data” panel in St. Louis, Missouri in November 2024.
-
MWG launched its first print magazine, smish., now available in all its retail shops. The magazine features exclusive interviews with notable celebrities and athletes, including award-winning actor Jim Belushi of Belushi’s Farm and UFC Hall of Famer Urijah Faber.
-
MWG Holdings deepened its community engagement through various initiatives in 2024. Highlights include:
-
Weed for Warriors Events: Perfect Union proudly sponsored and hosted Weed for Warriors events at multiple locations throughout the state of California.
-
National Night Out: Perfect Union’s Woodland dispensary participated in this community-building event to strengthen local connections.
-
Yuba Sutter Food Bank Partnership: Assisted in collecting non-perishable food items for Thanksgiving and Christmas.
-
17th Annual Turkey Drive: Partnered with Sacramento Food Bank & Family Services to provide turkeys to families in need.
-
Shasta Lake Good News Rescue Mission: Supported Thanksgiving baskets for individuals facing homelessness and financial challenges.
-
Morro Bay Community Thanksgiving Dinner: Donated turkeys and holiday sides to ensure all residents had access to a warm, free holiday meal.
-
Key Press Highlights for 2024 Included:
-
Cannabis Equipment News - MWG Plots Expansion After Achieving Positive Cashflow in 2023
-
Sacramento Business Journal - Cannabis Company Perfect Union planning to open new dispensary in Woodland’s Harvest Square Shopping Center
-
Napa Valley Register - ‘Cannabis Christmas’: Napa’s Perfect Union dispensary joins 420 celebration
-
North Bay Business Journal - Local cannabis business leaders provide their take on an industry at the crossroads
-
ABC10 - Cannabis cafes could be coming to California
-
Morro Bay Life - Business Spotlight: Perfect Union
-
Cannabud Marketing - Dispensary Owner: “I Took Over as CEO and Massively Restructured”
-
MJBizDaily - California cannabis operators pivot to company with new vape law
-
Turlock Journal - Cannabis tax fails in Council split vote
-
MJBizDaily - Sustainable cannabis cultivation methods boost efficiency and the bottom line
-
Cannabis & Tech Today - Women in Cannabis Issue
-
MJBizDaily - California cannabis lounges and retailers outline plans to embrace cafe law
-
WeedWeek - Special Report: How does Metrc add value?
-
Cannabis Business Times - How Perfect Union Navigated the Chaos Behind the KUSH Embargo in California
As MWG Holdings prepares for 2025, the Company is poised for continued success, building on its robust operational foundation and community-driven ethos. MWG Holdings has secured two new retail locations slated to open in 2025, and has begun construction on its retail license in Woodland, California, expecting to open in Spring 2025.
California’s legal cannabis market size was valued at USD $5.37B in 2025, and is expected to grow at a compound annual growth rate (CAGR) of 9.4 percent from 2024-2030, according to a report by Grand View Research. By prioritizing innovation, sustainability, and customer engagement, MWG is well-positioned to thrive in California’s dynamic cannabis market.
Learn more about MWG Holdings, Inc.’s Perfect Union and Wild Seed Wellness stores at https://www.perfect-union.com/ and wildseedwellness.com.
About MWG Holdings
MWG Holdings Group, Inc. is California's largest wholly-owned, vertically-integrated cannabis company. Founded in 2017, MWG owns and operates nine retail locations, including eight Perfect Union stores and one Wild Seed Wellness store, all of which achieved record-setting sales in 2024. The company's flagship Perfect Union store and its Fireworx Farms indoor grow are based in Sacramento, California, where MWG began as Magnolia Wellness 14 years ago. MWG's retail stores are consistently recognized for their award-winning brands and community-driven approach.
MWG’s management team leverages over a decade of experience building profitable cannabis businesses, having raised millions in capital and bringing the company to cash flow positivity. MWG’s diverse and growing portfolio, featuring top brands like Blazy, 5G Pop, Cap City, 530 Grower, and Shake That solidifies its standing as an industry leader.
MWG’s print magazine, smish., is available at all its retail store locations. Read smish. online at www.thesmishspot.com. Committed to quality, innovation, and local community engagement, MWG continues to set new standards in the cannabis sector. Learn more at www.perfect-union.com.
Media Contact:
Americana Communications Ltd.
mwg@americanapr.com
www.americanapr.com
View the original release on www.newmediawire.com
