mjic inc.
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Originally founded as MJIC, Inc., the company began as a private equity firm focused on investing in the emerging legal cannabis sector. In May 2020, it rebranded to ManifestSeven (M7) to reflect its strategic shift to becoming a fully-integrated, licensed omnichannel operator. M7's business model encompassed the entire cannabis supply chain in California, including wholesale distribution, a B2B e-commerce marketplace (1-800-CANNABIS), and direct-to-consumer retail delivery through its subsidiary, M Delivers. The company aimed to consolidate a fragmented market by providing a comprehensive suite of services to cultivators, manufacturers, and retailers. However, the company faced financial difficulties, ultimately filing for Chapter 11 bankruptcy protection in April 2022, which led to the sale of its assets and the cessation of its operations.
United States
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Financial