Kiva Sales & Service and Petalfast Complete Merger
Distributors Kiva Sales & Service and Petalfast announced the completion of their merger. The deal is expected to enhance distribution offerings and brand roster in California's cannabis market.
Oakland, Calif. – Kiva Sales & Service (KSS) and Petalfast have finalized their merger, aiming to expand distribution and brand representation within the California cannabis sector. The combination brings together two companies with established presences in the state's regulated marijuana market.
KSS, previously known for distributing Kiva Confections products, and Petalfast, which represents a diverse portfolio of cannabis brands, state the merger will create a more comprehensive sales and distribution platform. This is intended to offer enhanced services to both cannabis brands and retail partners.
The merged entity anticipates providing a wider reach and more efficient logistics for product delivery across California. The companies aim to support brand growth by leveraging the combined operational capabilities and market access.
Details regarding the leadership of the newly combined company and specific strategic initiatives moving forward have not yet been fully disclosed.