California-based marijuana multi-state operator (MSO), Punch Edibles & Extracts (Punch) is acquiring Tempo Crackers (Tempo), an LGBTQ-founded cannabis-infused snack company. This deal is expected to broaden Punch's house of brands and support Tempo's future product launches.
"After three and a half years being Tempo's manufacturer, we are thrilled to officially add the brand to the Punch family," stated Samantha O'Donnell, co-founder & CFO of Punch. "While we will continue to create terpene-enhanced, savory edibles with a focus on precision dosing and targeted effects, there are limitless possibilities for where Tempo's compelling positivity can take us."
The price and other terms of the deal were not disclosed.
"Tempo is extremely proud to have been acquired by a beloved legacy brand like Punch," stated Robert Holland, founder of Tempo who will remain at the company as its creative director. "We are excited to be a part of their ongoing portfolio expansion and enable the Punch family to represent a different demographic than their existing consumer base. We are already at work developing a new Tempo product line that will further showcase the power of flavor and leverage Punch's manufacturing expertise to speak to a broader segment of cannabis consumers."
The two companies recently teamed up on a new product, launching the high-potency Solventless Hash 2-PackCrackers. Each compact snack pack includes two 50 mg crackers made with Punch's single strain solventless hash, containing a total of 100mg THC.
Punch's current portfolio offers a rich "Know Your Dose" catalog of products and brands such as Punch Edibles, Punch Extracts, Tempo Crackers, and Dr. Norm's. They are available in licensed dispensaries in California, Oklahoma and New York.
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Photo: Courtesy of Tempo Crackers
