Café Serendipity Holdings Inc. (OTC: CAFS), a developer of national brands in the recreational adult-use and medical marijuana dispensary industry, recently announced that it signed its fourth agreement for the branding of a medical marijuana dispensary in Lake Elsinore, California. Under the agreement, the store will use the firm’s brand and market proprietary products.
“Café Serendipity continues to focus on rebranding existing stores with our branding formula that has proven to have an immediate impact and resonates with its new and existing customers,” said Café Serendipity Holdings Inc. Chairman Bob McNulty. “The company is [also] excited to announce the launching of its Licensing Business Seminars by country in California.”
The Lake Elsinore dispensary is expected to generate revenue in excess of $1,000 per square foot with the company scheduled to begin receiving its monthly license fees beginning July 1, 2015. The dispensary will benefit from the company’s brand name, systems, technology, products, and growing network of vendors and growers, designed to produce near-term returns on investment.
Licensees benefit from the company’s proprietary technology solutions, quality control sciences to growers, ERP/POS systems, and growing list of vendors. The company markets to the approximately 6,000 existing legal recreational adult use and medical marijuana dispensaries located within the U.S.
Shares of Café Serendipity Holdings Inc. fell 2.5% in early trading on Monday, May 4, 2015 following the news release.
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