Shryne Group Inc. is a Los Angeles-based cannabis holding company with a fully vertically integrated asset and license portfolio covering the breadth of California, the largest legal cannabis market in the world.
Faster to complete regulatory research
Saved across the team per week
Exposing the right opportunities is challenging
The 482 localities in California each have unique systems for maintaining cannabis regulatory information. Shryne Group is always looking for opportunities to expand its cannabis portfolio amidst intense competition for licenses focusing mainly on obtaining retail licenses in newly legalized or expanding municipalities to grow. Their expansion analysts must be proactive in searching for potential growth areas and predicting when these localities will open application periods. Previously, they would spend hours manually tracking activity through fragmented government sources and reaching out to localities for regulatory updates or licensing details.
Streamline the research process to unlock more opportunities
Shryne Group’s analysts efficiently wield the capabilities of CannaRegs to keep pace with the volume and velocity of the California cannabis market. Utilizing features such as Daily Email Digests, Calendar View and Table View, they can quickly identify important dates, agendas and meetings. They can then review these items through expertly crafted Entries that streamline the research process, allowing them to identify which localities are moving towards opening up application periods and new licensing opportunities.
Some of the analysts are also learning the history of localities that employ development agreements over application periods for their licensing. Within the last year, their analysts have uncovered 11 new licensing opportunities. Powered by insights from CannaRegs, Shryne Group has taken more strategic action, including eight successfully submitted applications, three confirmed license wins and five pending decisions.
"Without CannaRegs, we could have missed licensing opportunities that would have otherwise gone unnoticed. It has really given us a leg up in our regulatory research process to quickly find and track information through the platform."
Ellen WysockiRetail Expansion Analyst, Shryne Group