M&A - Bespoke Extracts, Inc.

Form Type: 10-K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000121390025033608

Filing Summary: Bespoke Extracts, Inc. is a Nevada corporation primarily involved in the cannabis industry through its wholly-owned subsidiary, Bespoke Extracts Colorado, LLC. The company began cannabis operations in 2023 with the acquisition of a state-licensed marijuana infused products business. They produce and distribute various cannabis consumer packaged goods across Colorado. The company’s business strategy, initiated under new management in November 2021, focuses on expanding into regulated cannabis markets, including potential acquisitions of related businesses. The acquisition of assets from WonderLeaf, LLC was successfully completed on January 3, 2023, which includes essential manufacturing licenses and inventory. Bespoke Extracts aims to grow brand recognition and market share in the adult-use cannabis industry through new product innovations and maintaining compliance with state regulations amid ongoing federal uncertainties regarding cannabis legality. Continued operations depend significantly on regulatory approval at both state and federal levels, as well as access to financial resources and banking services affected by the legal status of the industry.