Final Bell Holdings International Ltd. Company Profile

Background

Final Bell Holdings International Ltd. ("Final Bell") is a leading entity in the regulated cannabis industry, offering comprehensive end-to-end solutions for cannabis brands. Founded by experienced industry operators, the company provides services that encompass product innovation, device and hardware manufacturing, supply chain management, facility management, and brand development. Final Bell's mission is to enable innovation at scale, allowing cannabis brands to swiftly transition products from concept to shelf across multiple geographies while maintaining quality and customer experience.

Key Strategic Focus

Final Bell's strategic focus centers on pioneering the "Cannabis as a Service" business model. This approach allows brands to outsource critical aspects of their operations, including packaging, hardware, manufacturing, sales, and marketing. By managing these elements, Final Bell enables brands to concentrate on their core competencies, facilitating rapid market entry and scalability. The company's primary markets include the United States and Canada, with a particular emphasis on leveraging its proprietary technologies and extensive industry expertise to support both emerging and established cannabis brands.

Financials and Funding

In the fiscal quarter ending December 31, 2024, Final Bell reported net revenues of $15.2 million, reflecting the strength of its core hardware and packaging business. The company achieved a positive Adjusted EBITDA of $2.3 million for the quarter, demonstrating operational efficiency and strategic focus. Additionally, Final Bell significantly strengthened its balance sheet by converting $11 million of debt into equity, positioning the company for sustainable growth. The company projects an FY2025 revenue of $52 million, driven by continued organic growth and innovative product launches.

Technological Platform and Innovation

Final Bell distinguishes itself through its proprietary technological platforms and innovative methodologies:

Co-Manufacturing: Operating state-of-the-art licensed facilities in California and Canada, Final Bell offers formulation, processing, filling, co-packing, and scaled production services for leading cannabis brands.

Specialized Vaporization Hardware: Through its subsidiary, 14th Round, the company develops and manufactures industry-leading, proprietary hardware solutions, keeping cannabis companies at the forefront of technology and design.

Child-Resistant Packaging: 14th Round also provides fully-custom, child-resistant packaging solutions tailored to the needs of various brands, from boutique producers to large multi-state operators.

Leadership Team

Final Bell's leadership team comprises seasoned professionals with extensive experience in the cannabis industry:

Robert Meyer: Executive Chairman. Transitioned from CEO to Executive Chairman in October 2024, focusing on guiding the company's strategic direction from a governance perspective.

Jeremy Green: Chief Executive Officer. Appointed CEO in October 2024, previously served as CEO and co-founder of Final Bell's subsidiaries, Final Bell Holdings and 14th Round.

Nicole Frederick: Chief Financial Officer. Promoted to CFO in October 2024, having previously served as the company's Vice President of Finance.

Leadership Changes

In October 2024, Final Bell announced significant changes to its executive leadership team:

Robert Meyer: Transitioned from CEO to Executive Chairman, replacing Jason DeLand, who remains a director of the company.

Jeremy Green: Appointed as Chief Executive Officer, succeeding Robert Meyer.

Nicole Frederick: Promoted to Chief Financial Officer, replacing Keith Adams.

These leadership appointments, effective October 1, 2024, are part of the company's ongoing commitment to growth and operational excellence.

Competitor Profile

Market Insights and Dynamics: The cannabis industry is experiencing rapid growth, with increasing legalization and consumer acceptance driving market expansion. The demand for innovative products and reliable supply chain solutions presents significant opportunities for companies like Final Bell.

Competitor Analysis: Key competitors in the cannabis supply chain and manufacturing sector include:

BZAM Ltd.: A Canadian licensed producer that acquired Final Bell's Canadian operations in December 2023, forming the fifth-largest Canadian LP.

14th Round: Prior to its acquisition by Final Bell in January 2022, 14th Round was a competitor specializing in the design and manufacture of advanced electronic cannabis vaporizers.

Strategic Collaborations and Partnerships

Final Bell has engaged in significant collaborations to strengthen its market position:

SHERBINSKIS Partnership: In 2024, Final Bell partnered with SHERBINSKIS, a renowned California-based cannabis company, to bring its products to new geographies, starting with Canada. Final Bell managed the end-to-end manufacturing, compliance, and go-to-market strategies for SHERBINSKIS' products in the Canadian market.

BZAM Ltd. Acquisition: In December 2023, BZAM Ltd. acquired Final Bell's Canadian operations, forming the fifth-largest Canadian licensed producer. This transaction included a supply agreement under which Final Bell's subsidiary, 14th Round, continues to provide packaging and hardware solutions to BZAM.