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Purple Lotus established their flagship store in 2010.
Purple Lotus owns & operates one of the largest dispensaries in California.
Purple Lotus is family-owned, self-funded and highly profitable.
Purple Lotus thrives under its core values of HUMILITY - EXCELLENCE - RESILIENCE.



2010

PLPC established its first dispensary in San Jose, CA with $15,000 investment under Prop. 215



2013

PLPC is one of 100+ originally licensed medical cannabis dispensaries in San Jose



2016

When Prop. 64 gave way to recreational use, PLPC was one of only 16 dispensaries to be awarded retail license in San Jose



2018

In the first year of recreational market, PLPC did $15m in sales



2019

PLPC was awarded cultivation, distribution, manufacturing licenses to become vertically integrated



2020

PLPC rolled out cannabis delivery services in San Jose and achieved over $4m in sales



2021

Achieved highest sales to date at $23.7m



2022 (Q1)

PLPC launched its Oakland delivery hub to service larger market



2022 (Q1)

PLPC was awarded 2nd retail license in San Jose



2022 (Q2)

PLPC was awarded its 3rd delivery license to service San Francisco metropolitan area


Who are we?

  • Vertically integrated California owner-operator
  • Located in largest limited license market in CA
  • Achieved cumulative revenue $126m (FY16-FY22)
  • $15m in taxes paid to City of San Jose
  • Curated inventory with 700+ SKUS
  • Looking to scale homegrown business across CA with nationwide partnerships

At the Purple Lotus, our goal is to provide quality service, a comfortable atmosphere, and top quality product choices for every budget. All of our staff are highly trained to ensure customers receive the quality & experience they deserve every time they enter our door.


30000

Monthly Customers

Located in the heart of San Jose, Purple Lotus' flagship stores attracts new and returning customers monthly and outputs 3x the Bay Area average.

1000

Daily Transactions

Purple Lotus' flagship store surpassed 1000 transactions per day and continues its YoY growth of 25%+.

2.4

Products per Purchase

Purple Lotus is still growing at enormous rates through our curated and perfected business model and our custom training for sales techniques.

72

Average Order Value (AOV) in $

Purple Lotus' customers’ average spend per visit easily surpasses 70$ for the past 5 years.

Our Business is Different

We are a consistently profitable grassroots cannabis owner operator delivering safe and quality access to over 120,000 unique cannabis enthusiasts since 2010. We have completed over 300,000 unique transactions in each of the last 3 years and our highest revenue to date is $23.7 million in 2021. We have what it takes to navigate through the nuances of the legal cannabis market, while understanding and catering to the fickle demands of grassroots cannabis enthusiasts More than anything, our numbers speak for themselves.

Selling Retail Cannabis
12+ years
Vertical Licenses
5
Customer Experience Score
96+%
Cannabis Delivery Expertise
5+ years
Founding Year
2010
2022 Adj. EBITDA
$5.6m
2021 Revenue
$23m
2022 Revenue
$23.7m
Delivery Technology
In-House
House Brand Sales
$250k/month
Multichannel Approach
Delivery
Direct to Consumer Experience
In-House Digital Applications


Over $15 million in taxes to City of San Jose

Our mission is to improve our community through cannabis excellence, community focus, and consistent professionalism while being a strong economic partner to communities across California.

Purple Lotus Opportunities

We are in the largest limited license market, serving a population of over 3,000,000. We have a Greenfield Opportunity to open an additional retail store in newly available highly dense areas in San Jose. This availability will aid us in tapping into new market share.

  • PL 2nd retail location, 2022
    • Expand to our unannounced 2nd location in Silicon Valley
    • 3,000,000 potential customers / 3 million potential customers

    Our delivery expansion into the West and East Bay Area's allows us to expand our market reach to up to 7 million Bay Area residents through an onmi-channel, organic approach.


    Delivery Augmentation, Development & Enlargement
    We are being highly sought after to consult larger MSOs. We have multiple partnership opportunities in California and the East Coast. We are exploring these markets with our Expansion Team.

  • Burlingame Retail & Delivery
    • Ocean front opportunity to expand the Purple Lotus brand into a key location in the Bay Area
    • Location will serve as a retail storefront and Delivery Hub for the SF / Airport Market
  • New York Retail & Delivery
    • Prime opportunity to open a Retail Store and Delivery Service in Staten Island, New York
    • Our key to success revolves around the first mover advantage in this market


    Demonstrated Strengths


    Brand Strength

    • Quick access to market & market data to leverage our assets for success

    • Ability to launch products quickly and efficiently

    • PLPC has been a well-known and respected dispensary in Northern California since its inception in 2010

    • The Lotus model is designed to find the best products in every category


    Data Collection

    10 Years of Data Collection coupled with Looker BI
    • One of the only dispensaries to utilize big data analytics
    • First mover data advantage

    The Data Advantage:
    1. Full Transparency of Customer Base

    2. Ability to Predict Sales

    3. Driving Force of Weekly Revenue

    4. Opportunity for 0 Aged Inventory

    5. Target Market Segmentations for increased market share

    6. Efficient product development through data analysis and fast surveying


    Delivery Operations

    By the numbers:
    • Average Daily Deliveries: 175
    • Average Cart Size $: $125
    • Average Items / Cart: 3.86

    • Our growth strategy reflects a model that combines logistics and technology to enable targeted delivery services to various zip codes and regions, with all route logistics and inventory managed through sophisticated software

    • Leveraging technology to scale delivery operations in a push for Statewide Delivery Expansion

    • Real time flexibility to increase delivery sales based on location proximity

    • Ability to leverage technology to control additional distribution networks through technology licensing


    Corporate Governance

    • Top notch legal and advisory team with 25+ combined years of cannabis legal experience

    • PLPC has local licenses and relationships that provide vital information for navigating the regulated marketplace

    • Annual state licenses have been acquired for Retail, Distribution and Cultivation

    • Our strong regulatory position provides supply chain security to our business and select priority business partners

    Financial Oversight:
    • Successful IRS 280-E Audit

    • Successful Yearly Third Party Audits

    • Successful Quarterly City & State Audits





    Leadership

    Our strong brand recognition is driven by the meticulous efforts put forth by Purple Lotus' leadership team.

    Sara Krishnamachari

    Chief Financial Officer

    • Expert in Financial Strategization
    • Celebrated accountant with 10+ years of experience
    • Financial Procedure Professional (FPP)

    Matt Krishnamachari

    Chief Executive Officer

    • Expert in Strategic Analysis
    • Entrepreneur with 25+ years of experience
    • Governmental Cannabis Advocate

    Paul Rivera

    Chief Sales Officer

    • Customer & User Experience Expert
    • Operational expert with 15+ years of experience
    • Proven Executive Leader

    Dan Georgatos

    Chief Legal Officer

    • Expert in cannabis compliance, land use, and municipal law with 10+ years experience
    • Ensuring Purple Lotus is compliant across municipal and state laws
    • J.D from UC Hastings College of Law; member of the California State Bar

    Jerrin James

    Last Mile Delivery Expert

    • Exceptional data driven analytical delivery operations leader and change agent
    • Last Mile Technology & Operations and Supply Chain Optimization
    • Demand, Supply, Capacity, Network Design, Planning & Analysis

    Nick Reed

    Delivery Data Expert

    • 8 years of experience in logistics, warehousing, vendor management, partnership strategy
    • Capacity planning, operational process improvements, quality control, and asset management
    • Managing final mile and Same Day/Overnight transportation & customer success

    Investing in Purple Lotus


    Why Purple Lotus

    • We know how to connect the right product to the right customer at the right place and right time.

    • We have connected millions of customers to the right product, & we are continuing to replicate this success.

    • Lotus is currently strategically expanding into nearby areas with conducive legal status

    • The Lotus model is designed with key strategic ROI initiatives that are used at discretion.


    Where We Gain Traction

    • We are more profitable during a downturn in the cannabis market, due to our business strategy's unique adaptability & resiliency.

    • We continuously strive to increase our margins while holding or improving our existing market share.

    • East Bay delivery will debut last week of April 2022.


    High Level Use of Funds

    • 1.5mm in delivery marketing

    • 1mm working capital - 2nd retail location & San Francisco delivery expansion

    • 500k scaling technology to scale delivery & increase marketing ROI

    • Potential Real Estate Financing Opportunity


    Revenue & Sales

    Below you will find charts showcasing the strong organic sales that Purple Lotus drives with its unique customer service & local brand recognition.


    Contact us to sign an NDA & receive use-of-funds details

    Please contact us to see if you qualify for our first round of investment funding. We are curious about every aspect of cannabis from cultivation to retail. Please leave us your email and we will get back to you.

    © 2022 Purple Lotus. All Rights Reserved