Marijuana Business Magazine - April 2018

he served as president of his family’s own company, Zachary Confections out of Frankfort, Indiana. “We’re looking at a number of geog- raphies. California is very high on our priority list, and we’re currently looking to get into California and actually start selling product before the end of the year,” Grindeland said. “We are also looking at Canada. We’re also looking at Nevada and a number of states on the East Coast and Midwest.” Establishing a brick-and-mortar production facility in California is already in the works. For Nevada and/or Canada, Coda Signature could explore licensing its brand to a local partner. Under that model, instead of building a 30,000-square-foot manufacturing facility on 10 acres like it did in Trinidad, Colorado, Coda Signature would share profits with and invest in large-scale cultivators. The company’s own team would make the products and likely maintain control over operations, sales and marketing in such joint ventures. “This model allows us to be more effi- cient with our capital,” Grindeland said. In Massachusetts, New York or Pennsylvania, Coda Signature would build its own production facilities to serve the East Coast. The company is also eyeing Florida to eventually create a presence in the southeast, as well as Michigan, Illinois or Ohio for the Midwest. “What you do is you kind of hedge your bets like we did in Colorado, where we said, ‘Strategically, we’ll locate our facility in the southern part of the state, so when we can ship across state lines we’re positioned to do it easily,’” Grindeland said. “We would look for similar charac- teristics in other states; but we can’t count on when interstate commerce is going to happen, so we need to make sure the state itself is large enough to create something very meaningful for our company so we’re not investing a lot of capital in markets that aren’t going to generate much return.” ◆ • Purge Oxygen • Extend Shelf Life regardless of your package preference LIQUID NITROGEN DOSING 4 Barten Lane, Woburn, MA 01801, USA T 781-933-3570 | F 781-932-9428 | sales @vacuumbarrier.com | vacuumbarrier.com In Coda Signature’s Serenade Collection, roasted peanut butter is matched with milk chocolate and tart raspberry jam. Courtesy of Coda Signature