Show-Me Organics Company Profile

Background

Founded in 2019, Show-Me Organics is a Missouri-based, family-owned cannabis company with deep roots in serving local patients through family-owned pharmacies for over 30 years. The company's mission is to provide high-quality, locally produced cannabis products that cater to a diverse consumer base. Operating a vertically integrated model, Show-Me Organics manages cultivation, manufacturing, and retail operations, ensuring control over product quality and consistency. Its portfolio includes several prominent brands such as Vivid, Missouri’s Own, Buoyant Bob, and Blue Sage Cannabis Deli, collectively sold in over 90% of Missouri dispensaries.

Key Strategic Focus

Show-Me Organics emphasizes innovation and quality in the cannabis industry. The company specializes in producing premium cannabis concentrates and edibles, leveraging advanced cultivation and extraction techniques. Its strategic objectives include expanding retail operations, enhancing product offerings, and supporting local communities through initiatives like the Microbusiness Incubator program, which assists prospective microbusiness applicants with operational support and application funding.

Financials and Funding

As of the latest available data, Show-Me Organics has an estimated annual revenue of approximately $7 million, with a revenue per employee of $200,800. The company has experienced significant growth, increasing its employee count by 46% in the past year. Specific details regarding funding rounds and investors have not been publicly disclosed.

Pipeline Development

Show-Me Organics continues to expand its product lines and retail presence. In October 2024, the company, through its Blue Sage Cannabis Deli brand, acquired a dispensary in Valley Park, Missouri, marking its second location in the St. Louis region. This expansion aligns with the company's goal of operating at least eight dispensaries in Missouri.

Technological Platform and Innovation

The company employs advanced cultivation and extraction methodologies to produce high-quality cannabis products. Its flagship brand, Vivid, focuses on innovating cannabis experiences by offering premium flower and extracts tailored for connoisseurs and quality seekers. Additionally, Show-Me Organics has launched initiatives like the Microbusiness Incubator to support emerging cannabis businesses, demonstrating a commitment to fostering innovation within the industry.

Leadership Team

Boston Dickerson: Co-founder and Chief Executive Officer. Under his leadership, the company has expanded its brand portfolio and retail operations, emphasizing quality and community engagement.

LeAnne Dickerson: President. With a background in operating family-owned pharmacies, she brings extensive experience in patient care and business management to the company.

Leadership Changes

There have been no recent significant changes or appointments within the company's leadership team.

Competitor Profile

Market Insights and Dynamics

The Missouri cannabis market has experienced substantial growth, with sales reaching $1.3 billion in 2023. The industry is characterized by increasing consumer demand and a competitive landscape, prompting companies to innovate and expand their offerings.

Competitor Analysis

Key competitors in the Missouri cannabis market include:

Bud & Mary: Estimated annual revenue of $2.5 million with 20 employees.

Stash Ventures: Estimated annual revenue of $107.2 million with 200 employees.

High Fidelity Brands: Estimated annual revenue of $3.1 million with 20 employees.

The 1937 Group: Estimated annual revenue of $10.1 million with 30 employees.

Emjay: Estimated annual revenue of $17.6 million with 245 employees.

These competitors focus on various aspects of the cannabis industry, including cultivation, manufacturing, and retail, contributing to a dynamic and evolving market.

Strategic Collaborations and Partnerships

Show-Me Organics has engaged in several strategic partnerships to enhance its market position:

Microbusiness Incubator: Launched in May 2023, this program offers application funding, operational support, and brand licensing to Missouri cannabis microbusinesses, aiming to foster industry growth and inclusivity.

Partnership with A2C: In July 2023, Show-Me Organics partnered with Amendment 2 Consultants to assist microbusiness applicants and winners, providing comprehensive support in navigating the regulatory landscape and operational challenges.

Operational Insights

Show-Me Organics' vertically integrated model allows for control over the entire production process, ensuring product quality and consistency. The company's diverse brand portfolio caters to various consumer segments, from premium products under the Vivid brand to budget-friendly options with Buoyant Bob. This strategic approach positions Show-Me Organics competitively within the Missouri cannabis market.

Strategic Opportunities and Future Directions

Looking ahead, Show-Me Organics plans to continue expanding its retail footprint, with a goal of operating at least eight dispensaries in Missouri. The company remains committed to innovation, community engagement, and supporting the growth of the local cannabis industry through initiatives like the Microbusiness Incubator.