TribeTokes Company Profile

Background

Founded in 2017, TribeTokes is a women-owned and operated company specializing in premium CBD and cannabis products. The company is dedicated to providing clean, plant-based products without unhealthy fillers or additives, aiming to elevate the cannabis industry's standards and aesthetics. Their mission is to create products they wish existed, present them as they would like to receive them, and treat customers as they would like to be treated.

Key Strategic Focus

TribeTokes focuses on developing high-quality, clean cannabis products, including vapes, gummies, topicals, and skincare items. They emphasize transparency and safety, ensuring all products are lab-tested for cannabinoid potency, heavy metals, residual solvents, pesticides, and microbials. Their primary market includes health-conscious consumers seeking reliable and effective cannabis products.

Financials and Funding

TribeTokes has achieved seven-figure revenues without external funding, remaining entirely women-funded, owned, and operated. This self-sustaining model underscores their commitment to independence and quality control.

Pipeline Development

The company continually expands its product line to meet consumer demand. Recent developments include the introduction of live resin gummies and collaborations to produce hemp-derived gummies and pain cream products, catering to veterans, athletes, and broader consumer bases.

Technological Platform and Innovation

TribeTokes distinguishes itself through proprietary technologies and scientific methodologies:

Proprietary Technologies: Development of strain-specific, all-natural vape oils without unhealthy fillers or additives.

Scientific Methods: Utilization of live resin extraction techniques to preserve terpenes and plant compounds, enhancing the therapeutic effects of their products.

Leadership Team

Degelis Tufts Pilla, CFA – CEO, Co-Founder: An investor and entrepreneur with experience in startups and investment banking. Previously served as COO of Instafluence and as a Sr. Research Associate at Sands Capital. Holds a CFA designation and a degree from the University of Virginia.

Kymberly “KymB” Byrnes – CMO, Co-Founder: A community activist and influencer with roles such as NY Ambassador for Women Grow and VP at CannaGather. Also a 20-year Pilates Instructor and Lululemon Ambassador.

Greg Pilla – COO: Manages operations including logistics, finance, administration, and legal matters. Background in sales, marketing, and cost management consulting.

Leadership Changes

No recent significant changes or appointments within the company's leadership have been reported.

Competitor Profile

Market Insights and Dynamics: The cannabis industry is experiencing significant growth, with increasing consumer demand for clean and transparent products.

Competitor Analysis: Key competitors include:

The Vape Vet Store: Specializes in vaping products with a focus on affordability.

Avérer CBD: Offers a range of CBD products emphasizing organic ingredients.

Mello CBD: Provides CBD products targeting relaxation and stress relief.

Reliaderm Cream: Focuses on CBD-infused skincare products.

Skin Note: Offers CBD beauty products with an emphasis on natural ingredients.

Strategic Collaborations and Partnerships

In July 2023, TribeTokes partnered with Team Ignite to launch a line of hemp-derived gummies and pain cream products, targeting veterans, athletes, and broader consumer bases. This collaboration leverages TribeTokes' expertise in clean cannabis products and Team Ignite's commitment to supporting diverse communities.

Operational Insights

TribeTokes differentiates itself through a commitment to clean, lab-tested products without unhealthy additives. Their focus on transparency and quality control positions them favorably in a market increasingly concerned with product safety and efficacy.

Strategic Opportunities and Future Directions

The company aims to continue expanding its product line, exploring new formulations and delivery methods to meet evolving consumer preferences. Potential opportunities include entering new markets and forming additional strategic partnerships to enhance brand visibility and distribution channels.