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MWG Holdings Reports Record Retail Revenue Growth in 2024; Fuels Product Innovation With Launch of New 5G Pop Cannabis Beverage Line

New 5G Pop Beverage Line Launches With Three flavors: Orange, Berry Lemonade, and Zero Sugar Root Beer

 

SACRAMENTO, CA - (NewMediaWire) - May 21, 2024 - MWG Holdings Group, Inc. ("MWG Holdings" or "MWG"), owner and operator of Perfect Union, a locally-focused cannabis company with award-winning roots in the California medical and recreational markets, announced today the latest 5G Pop cannabis soda beverage product innovation from 530 Grower, available exclusively at Perfect Union and Wild Seed Wellness locations throughout California. MWG reported over a 20 percent increase in Q1 2024 year-over-year revenue. With a focus on continued growth and reinvestment into innovation, MWG launches three mouth-watering 5G Pop flavors - Orange, Berry Lemonade, and Zero Sugar Root Beer.

The delicious 5G Pop recipe is handcrafted with premium cannabis extracts and cannabis connoisseur tested. Each 12 fl oz. can of 5G Pop is resealable, contains 100 mg THC, and offers 10 servings. It is the ideal grab and go chilled beverage for any occasion where one seeks to unwind, relax, and enjoy a pleasant experience.

5G Pop distinguishes itself in the competitive cannabis beverage markets by offering:

      Quality Ingredients: Handcrafted recipes using premium cannabis extracts and natural flavors make for a delicious and enjoyable experience in every can.

      Reliable Effects: With a total of 100mg THC per can, 5G Pop is resealable allowing consumers to enjoy up to 10 servings. The dosing caterers to both new users and seasoned enthusiasts.

      Convenient and Discreet: The sleek, portable cans are perfect for any setting, from social gatherings to quiet moments at home. No special equipment is needed—just Pop, Sip, and Enjoy.

"At MWG Holdings, our team is committed to innovation and offering premium products at affordable prices," said Tom Sheridan, CEO of MWG Holdings. "With 5G Pop, we are thrilled to present our 530 Grower line and offer our guests a delicious, smokeless, convenient, and refreshing way to consume cannabis. Our product innovation team tests flavors and effects with the most discerning cannabis connoisseurs and we are confident that our loyal 530 Grower consumers will enjoy the refreshing 5G Pop soda beverages this summer.”

The global cannabis beverage market was estimated to be at $1.23 billion in 2023, according to market research from Future Market Insights, with the market segment predicted to rise to approximately $5.9 billion by 2033, with an annual growth rate (CAGR) of 17%.

“Innovating in the beverage space as the category gains momentum is exciting,” said Nicole Hanratty, VP of Marketing at MWG Holdings. “The name ‘5G Pop’ is inspired by my family’s midwest roots. The cans’ design is purposely nostalgic to remind us all of the simple pleasures in life. After a long day at work, there is nothing more refreshing than grabbing something cool from the fridge. Whether it is Zero Sugar Root Beer, Berry Lemonade, or Orange soda, we hope you Pop, Sip and Enjoy.”

For information on where to find 5G Pop products, visit https://www.perfect-union.com/. MWG boasts a robust portfolio of award-winning cannabis brands throughout its eight retail locations and offers a safe and welcoming environment where patrons can access high-quality products in-store, or via online order and pick up.

About MWG Holdings

MWG Holdings Group, Inc. is a purpose-driven, locally-focused cannabis company in the California medical and recreational markets, with a flagship location in Sacramento, California. Founded in 2017 as the pioneering cannabis retail brand originally known as Magnolia Wellness, the brand has offered award-winning and best selling products with a focus on local community building, and giving back to their employees. Today, MWG’s management team leverages over a decade of experience building profitable cannabis businesses, having raised millions in capital and bringing the company to cash flow positivity. The company has obtained scarce retail licenses and navigated local laws and regulations across Northern California and values building social welfare and outreach programs.

MWG owns and operates Perfect Union, California's largest wholly-owned cannabis company where guests enjoy a family-like atmosphere and wide range of products. Perfect Union boasts a robust portfolio of award-winning cannabis brands throughout its seven retail locations and offers a safe and welcoming environment where patrons can access high-quality products in-store, or via online order and pick up. MWG owns or controls a significant majority of its supply chain, including cultivation, manufacturing and distribution. Learn more at https://www.perfect-union.com/.

Media Contact:

Americana Communications Ltd.

mwg@americanapr.com