Next Generation Management Corporation on Tuesday announced its wholly owned subsidiary, NextGen Holdings, LLC, has entered the rapidly growing cannabis infused edibles market by signing an agreement with Merry Jan's Edibles, an Oregon based bakery. Both parties have agreed to terms; final partnership agreement is being drafted.
Merry Jan's has more than 30 years baking experience and is currently supplying a small number of existing marijuana dispensaries with a variety of gourmet cookies, brownies and other baked goods and confections. Merry Jan's THC-infused cannabutter is made in-house.
"Now that Measure 91 has passed, legalizing marijuana in Oregon, we will continue to expand operations by strategic partnerships," said Darryl Reed, CEO of NextGen. "Our role in the newly formed partnership will be to assist in the expansion of the brand by hiring sales staff, increase awareness through social media and other forms of mass marketing.
"Merry Jan's is currently working on rolling out a Holiday platter that will include cannabis infused cookies, pecan pie bars, raspberry white chocolate bars and chocolate mint brownies," Reed said.
"NextGen also continues to look for a location in the Portland, Oregon, area to open a licensed dispensary," Reed said.
Next Generation Management Corporation's wholly-owned subsidiary, NextGen Holdings, LLC, was formed to hold its Oregon cannabis assets.