Dixie Brands Inc. Raises the Stakes in Nevada with the Announcement of Expansion into its Fifth State via Joint Venture with Silver State Wellness, LLC.
Next Developmental Milestone in Aggressive National Expansion Strategy to Deliver Dixie Elixirs & Edibles Products Across the Country
LAS VEGAS, Feb 24, 2016 (GLOBE NEWSWIRE via COMTEX) —
Dixie Elixirs & Edibles, a Dixie Brands, Inc. company and creator of the world-famous Dixie Elixir, has formed a joint venture agreement with Nevada’s Silver State Wellness, LLC. Today’s announcement marks Dixie’s fifth market expansion in the last nine months, with plans to bring a line of eight different edible, vapable and topical cannabis products to the Nevada medical marijuana market by late May, 2016.
“Dixie’s expansion into Nevada marks our fifth state and a definitive moment in our National expansion,” said Tripp Keber, CEO of Dixie Brands, Inc. “The market opportunities for Dixie in Nevada are tremendous between the potential passage of adult-use laws in 2016, combined with the fact that the Nevada market is still in its infancy, allowing for great first-mover advantage for brands that can solidify their presence. However, the most important factor in making our move into Nevada was finding the right partners. We couldn’t be more proud and humbled to be partnered with Silver State Wellness, an organization that truly defines the meaning of integrity in business. Together, we look forward to establishing Dixie as one of the first and highest quality products available to Nevada’s medical cannabis patients.”
Industry insiders have identified Nevada as the next big state to watch in 2016 due to the upcoming ballot initiative to tax and regulate adult-use cannabis. Silver State Wellness has rapidly established itself as a market leader in Nevada, is currently in development a state-of-the art cultivation facility and, a separate state-of-the art product manufacturing center in Las Vegas. The relationship with Dixie is the Company’s first foray into infused product manufacturing.
“As a leader in the Nevada market, the combined strengths of our two organizations creates a true force to be reckoned with,” said Ross Goodman, a founder of Silver State Wellness. “We look forward to leveraging Dixie’s expertise and our local knowledge to establish a lasting presence in the Nevada cannabis market.”
“The combination of our dual licensing, professional capacities and ties to the local community provide Dixie Brands a solid partner and platform to service Nevada Medical Marijuana Patients,” added Michael Hayford, President and CEO of Silver State Wellness, LLC.
ABOUT DIXIE BRANDS, INC.
Located in Denver, Colorado, Dixie Brands, Inc., (Dixie) through its affiliates across the country, has been formulating and producing award-winning THC and CBD-infused products since 2009. What began as a single flagship product, the Dixie Elixir (a THC-infused soda), has now expanded to over 30 different products across over 100 SKUs, representing the industry’s finest edibles, tinctures, topicals and connoisseur grade extractions. In addition, Dixie Brands launched two new cannabinoid product lines: Aceso, is a suite of “hemp 2.0” products designed to provide general wellness and relief from minor aches and pains as well as mild-anxiety. Therabis is a pet supplement formulated by an experienced veterinarian and designed to provide pets, and their owners, with relief for itching, mild-anxiety and greater joint mobility. To find out more about Dixie’s innovative products, or about how Dixie is building the future of cannabis, please visit us at http://www.dixiebrands.com.
ABOUT SILVER STATE WELLNESS LLC.
Silver State Wellness, LLC. is a licensed Nevada Medical Marijuana Establishment, having received the approval of the Clark County Board of Commissioners and State of Nevada to operate a cannabis cultivation, as well as a Marijuana Infused Products (MIP) production facility. Silver State Wellness through the support of our ownership, which comprises a diverse and sophisticated group of professionals whose capacities include medicine, law, education and enterprise business management; will bring the highest quality products to the Nevada cannabis market through our commitment to patients, the community and industry. To learn more about Silver State Wellness, please visit us at: silverstatewellness.com. Silver State Wellness, LLC. an approved Nevada Medical Marijuana Establishment, received the approval of the Clark County Board of Commissioners and State of Nevada to operate a cannabis cultivation, as well as a marijuana infused product production facility, otherwise known as a “grow” and a “MIP”. Silver State Wellness’s owners comprise a diverse and sophisticated group of professionals, whose capacities include medicine, law, education and enterprise business management.
Dixie Brands, Chief Marketing Officer
Original Press Release: http://globenewswire.com/news-release/2016/02/24/813579/10160383/en/Dixie-Brands-Inc-Raises-the-Stakes-in-Nevada-with-the-Announcement-of-Expansion-into-its-Fifth-State-via-Joint-Venture-with-Silver-State-Wellness-LLC.html