Perfect Union

About Perfect Union

Perfect Union operates as a vertically-integrated cannabis company, positioning itself as one of the largest wholly-owned cannabis retailers in California. The company was founded in Sacramento and has a history rooted in medical cannabis operations and patient advocacy dating back to the early 2000s. The business model encompasses cultivation, distribution, and a growing number of retail dispensaries. Perfect Union’s revenue is generated through the sale of a wide array of cannabis products to both medical patients and recreational consumers. The company's financial strategy has included a Series A funding round of $8.85 million in 2019 and a Series B round in 2021, and it achieved positive cash flow in 2023 under the leadership of CEO Tom Sheridan.

The company's founder, David Spradlin, entered the cannabis industry around 2007 with a background in construction, initially growing cannabis legally with a friend. His motivation stemmed from a desire to focus on the wellness and medicinal applications of cannabis, a perspective shaped by personal experiences with the plant's benefits for family members. This ethos is reflected in the company's focus on staff education and customer care, aiming to inform consumers about the various properties of the plant beyond just THC content. The company, which previously operated as MWG Holdings, runs its dispensaries under the Perfect Union and Wild Seed Wellness names. Its growth trajectory has been marked by the opening of numerous new retail locations across California and acquisitions, such as infused-product manufacturer Bonsai Brands and distributor OZ Distribution, to achieve complete vertical integration.

Perfect Union's product offerings are extensive, including its in-house flower brand, 530, and products from other well-known brands like Jeeter and STIIIZY. Their inventory includes flower, pre-rolls, vapes, edibles, extracts, and topicals. A key differentiator for Perfect Union is its strong pro-union stance; it was one of the first dispensary groups in the U.S. to partner with the United Food and Commercial Workers International Union (UFCW), ensuring living wages and benefits for its employees. The company also demonstrates a significant commitment to community engagement through programs like its Compassion Program, which provides free cannabis to patients with serious medical conditions, and partnerships with local charities supporting veterans, animal shelters, and the homeless.