CoCo Farms' Parent Kolaboration Ventures Extends Its California Retail Footprint

Kolaboration Ventures Corporation

Aug 16, 2022

With the opening of CoCo Farms Concord, Kolaboration Ventures Corporation extends its retail, manufacturing and distribution footprints and solidifies its dominant position in Contra Costa County. The opening of CoCo Farms Concord's facility further supports the company's vision to become a vertically integrated California cannabis powerhouse.

The Concord facility boasts a retail floor that is more than 5,000SF and has 25 point-of-sale systems and 86 on-site parking spaces. Another 10,000SF will be used for manufacturing and distribution.

PRESS RELEASE AUG 16, 2022 06:00 PDT

CONCORD, Calif., August 16, 2022 (Newswire.com) - Kolaboration Ventures Corporation (KVC) is a leading vertically integrated cannabis operator in California. KVC prides itself on its ability to cultivate, manufacture and distribute high-quality cannabis and cannabis products from seed to sale. With the opening of CoCo Farms, Concord KVC now has seven retail locations, of which three are mega-store format.
Today, CoCo Concord is already outperforming most dispensaries in the State of California. CoCo Farms Concord is currently serving over 500 customers per day, and continues to accelerate week over week in customer acquisition and revenue.
"We are incredibly excited that the two-year journey that began with the City of Concord's competitive RFP process has come to an end, and that we can bring quality cannabis products to this relatively under-serviced, but massive market." — Martin Wesley, CEO, Kolaboration Ventures Corporation

Located in the heart of Concord, California, at 2366 Stanwell Circle, CoCo Farms Concord is open every day of the year from 8 a.m. to 9 p.m.

About Kolaboration Ventures Corporation KVC is one of the largest vertically integrated cannabis operators in the largest cannabis market in the country: California. KVC strives to become the most important company in the California cannabis landscape by combining its strategic cultivation footprint with its leading retail, manufacturing, and distribution platform. Employing a consumer-packaged-goods ("CPG") approach to cannabis, KVC's house of brands and products is designed to meet the needs of all consumer segments and includes some of the most recognized and trusted California brands, including Pacific Reserve, Farms Brand, Rio Vista Farms, and Ole'4 Fingers.

To learn more, please visit KolaborationVentures.com. Media Contact Kevin Miguel, Ability Advertising: Press@KolaborationVentures.com Investor Contact IR@KolaborationVentures.com

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of KVC to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial goals including projections and forecasts, and other risks. KVC undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in its expectations.