Wednesday, January 31, 2018

YiLoLife, Inc. Plans to Expand into California

  • YiLo has now received a California state license to manufacture and cultivate cannabis
  • YiLo is increasing its product line with introduction of additional CBD products and the ‘Jamyn’ brand of edibles
  • Company operates in Arizona, with wholesale operations and the YiLo Superstore on Thunderbird Road in Phoenix, and plans wholesale distribution throughout California
YiLoLife, Inc. (“YiLo”), a cannabis holding company, is setting plans in place to expand into California from its Arizona base. YiLo is now developing operations in California for cultivating and manufacturing products. It has acquired a 34,000 square foot warehouse on a 4.66 acre parcel and also obtained a California state license enabling it to cultivate, manufacture and distribute within the state, according to Carsten Loelke, founder and CEO.
The company is currently working on building out the warehouse to ready it for the processing of its products. YiLo notes that the facility can be expanded to up to 130,000 square feet.
The Phoenix-based company is already operational in the neighboring state of Arizona, where it distributes its line of YiLo-branded edibles, such as soft gels and gummies, drinks and other THC and CBD products, to dispensaries statewide. It also operates the YiLo Superstore on 2841 W Thunderbird Road in Phoenix.
YiLoLife, Inc.’s goal is to become a public company listed on the NASDAQ. To achieve that, the company is seeking to attract more shareholders, as required to qualify to be listed on the exchange. “It’s a new era for cannabis. There’s never been a better time to invest,” Loelke said.
California is developing the largest cannabis market in the world, and YiLo’s expansion could mean an even more lucrative investment for its shareholders.
For more information, visit the company’s website at www.YiLo.com
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