Shryne Group Company Profile

Background

Founded in 2019, Shryne Group Inc. is a Los Angeles-based cannabis holding company with a fully vertically integrated asset and license portfolio spanning California, the largest legal cannabis market globally. The company's mission is to define the business of cannabis through a commitment to community, quality, social awareness, and sustainability. Shryne Group's vision is informed by an intimate understanding of cannabis culture, its history, and the collective expertise of decades of experience in diverse fields. The company has a diverse portfolio of cannabis brands, including the STIIIZY product line, which is ranked among the top ten out of 1,200 brands in California by market share. Shryne Group is committed to social justice, sustainability, and investing in the communities where they operate.

Key Strategic Focus

Shryne Group's strategic focus centers on maintaining a fully vertically integrated cannabis operation, encompassing cultivation, manufacturing, distribution, and retail. This integration allows the company to control the entire supply chain, ensuring product quality and consistency. The company's flagship brand, STIIIZY, has expanded its product lines to include STIIIZY Gold Liquid Live Resin and STIIIZY Silver Cannabis Derived Terpenes, catering to the growing demand for cannabis concentrates. Shryne Group has also revamped its wholesale and distribution business, becoming the exclusive distributor of its house brands.

Financials and Funding

As of May 2025, Shryne Group's annual revenue is estimated to be $750 million. In June 2022, the company secured a senior secured term loan of up to $170 million, co-led by Silver Spike Investment Corp. This substantial financial commitment exemplifies the firm's ability to provide customized financing solutions to support leaders in the cannabis sector.

Pipeline Development

Shryne Group continues to expand its retail footprint, with plans to open over 35 locations by the end of 2022. The company operates cultivation, manufacturing, and distribution facilities in Humboldt County, Los Angeles, Oakland, and Lompoc. While rooted in California, Shryne Group also sells its products in Arizona, Nevada, and Michigan.

Technological Platform and Innovation

Shryne Group's vertical integration allows the company to have full control from seed to shelf, facilitating product development, quality control, and proof of concept. The company operates multiple dispensaries in California, allowing it to test consumer response to new products before offering them to wholesale clients. This integration enables Shryne Group to back up claims about product quality and offer promotional support and marketing resources due to economies of scale.

Leadership Team

James Kim: Founder and CEO.

Tak Sato: President.

Gregory Fink: Chief Financial Officer. Appointed in November 2022, Fink brings over 30 years of finance experience across various industries.

Cary Berger: Chief Legal Officer. Appointed in November 2021, Berger reports directly to the CEO.

Competitor Profile

Market Insights and Dynamics

The cannabis industry has experienced significant growth, with retail sales of cannabis concentrates expected to reach $8 billion by 2022. Shryne Group's flagship brand, STIIIZY, has become a top-selling cannabis brand in California and is expanding into other states, including Washington, Nevada, and Michigan.

Competitor Analysis

Shryne Group's competitors include Bloom Farms, LivWell Enlightened Health, and New Frontier Data. These companies operate in the cannabis industry, offering various products and services.

Strategic Collaborations and Partnerships

Shryne Group has partnered with organizations like the Special Needs Network to provide students with backpacks and school supplies for the 2022-23 school year. The company has also partnered with Heal the Bay, an environmental nonprofit dedicated to making the coastal waters and watersheds in Greater Los Angeles safe, healthy, and clean.

Operational Insights

Shryne Group's vertical integration allows the company to control the entire supply chain, ensuring product quality and consistency. The company's flagship brand, STIIIZY, has expanded its product lines to include STIIIZY Gold Liquid Live Resin and STIIIZY Silver Cannabis Derived Terpenes, catering to the growing demand for cannabis concentrates. Shryne Group has also revamped its wholesale and distribution business, becoming the exclusive distributor of its house brands.