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Family Entertainment Live and Mattel Announce 2023 Expansion of Hot Wheels Monster Trucks Live™ Glow Party™

Family Entertainment Live

To meet growing demand from fans and venues, Family Entertainment Live and Mattel today announced a major expansion of the Hot Wheels Monster Trucks Live Glow Party North American tour, coming in the second half of 2023. Following record breaking sales in 2022 and the beginning of 2023, Hot Wheels Monster Trucks Live Glow Party has added 23 markets to its expanding schedule, including some of the country’s most preeminent arenas such as the Barclays Center (Brooklyn), Chase Center (San Francisco), Target Center (Minneapolis), and Wells Fargo Center (Philadelphia). The newly announced tour dates will begin in July, filling the 2023 Hot Wheels Monster Trucks Live schedule with more events than ever. Presale tickets will be available on March 8, with public sale beginning on March 10, in most markets. Hot Wheels Monster Trucks Live is produced by Family Entertainment Live, and brings fans’ favorite Hot Wheels Monster Trucks to life including Mega Wrex™, Tiger Shark™, Boneshaker™, Bigfoot®, and the all-new Gunkster™, to name just a few. The Glow Party production features a laser light show, spectacular theatrical effects, dance parties, and lots of Hot Wheels toy giveaways. Fans can also witness a special appearance from the car-eating, fire-breathing, transforming robot MEGASAURUS™, plus the high-flyers of Hot Wheels Monster Trucks Live Freestyle Motocross. "After a record-breaking season in 2022, the tour’s expansion to more cities and renowned venues across the United States ensures that Hot Wheels Monster Trucks Live can build upon the incredible momentum that began with Glow Party,” said Julie Freeland, Senior Director of Global Location Based Entertainment at Mattel. “Our exhilarating tour theme, coupled with a robust second half schedule, means even more families will be able to connect and engage with their favorite real-life Hot Wheels Monster Trucks like never before.” “After so much early success with Hot Wheels Monster Trucks Live, we thought this was the perfect time to take it to another gear across the U.S.,” said Ken Hudgens, CEO of Family Entertainment Live. “The fans’ response has been incredible both domestically and overseas. Families will now have even more opportunities to experience the party at some of the most well-known venues throughout the major metros of North America.” Hot Wheels Monster Trucks Live™ Glow Party™ 2023 extended tour* dates are as follows. Matinee and evening performances are available across all dates. July 29-30 INTRUST Bank Arena Wichita, KS August 5-6 Chase Center San Francisco, CA August 5-6 Blue Cross Arena Rochester, NY August 12-13 XL Center Hartford, CT August 12-13 Veterans Memorial Coliseum Portland, OR August 19-20 Desert Diamond Arena Glendale, AZ August 26-27 Toyota Arena Ontario, CA August 26-27 Wells Fargo Center Philadelphia, PA September 2-3 Orleans Arena Las Vegas, NV September 9-10 Acrisure Arena Coachella Valley, CA September 23-24 Pechanga Arena San Diego, CA September 23-24 KFC Yum! Center Louisville, KY Sept 30 Barclays Center Brooklyn, NY October 7-8 T-Mobile Center Kansas City, MO October 7-8 Scope Arena Norfolk, VA October 14-15 DCU Arena Worcester, MA October 14-15 Cross Insurance Arena Portland, ME October 20-22 Cross Insurance Center Bangor, ME November 4-5 FedExForum Memphis, TN November 4-5 Family Arena St. Charles, MO November 11-12 Dickies Arena Ft. Worth, TX November 18 Target Center Minneapolis, MN November 18-19 Paycom Center Oklahoma City, OK *Additional dates to be announced. Hot Wheels fans also have the opportunity to participate in the Crash Zone Pre-Show Party, held two and a half hours prior to every performance. The unique experience provides fans access to the competition floor where they can see the outrageous designs and epic size of the Hot Wheels Monster Trucks along with autograph signings from their favorite drivers and performers. Each Crash Zone ticket includes an autograph card, souvenir pass, and a lanyard exclusive to Crash Zone attendees. Passes will be available to purchase while supplies last. Fans can go to HotWheelsMonsterTrucksLive.com for more information. The Hot Wheels Monster Trucks Live tour is a partnership between Mattel and Raycom-Legacy Content Company, LLC, a wholly owned subsidiary of Family Entertainment Holdings, LLC. About Mattel Mattel is a leading global toy company and owner of one of the strongest catalogs of children’s and family entertainment franchises in the world. We create innovative products and experiences that inspire, entertain, and develop children through play. We engage consumers through our portfolio of iconic brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends®, UNO®, Masters of the Universe®, Monster High® and MEGA®, as well as other popular intellectual properties that we own or license in partnership with global entertainment companies. Our offerings include film and television content, gaming, music, and live events. We operate in 35 locations and our products are available in more than 150 countries in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering children to explore the wonder of childhood and reach their full potential. Visit us online at mattel.com. About Family Entertainment Live Family Entertainment Holdings, LLC is a diversified, entertainment holding company that develops family-oriented live events including Monster High® Live, Magic of Lights ®, an outdoor holiday lights drive-through experience produced at venues throughout North America and Hot Wheels® Monster Trucks Live, showcasing a toys-to-life show of Mattel’s legendary Hot Wheels Monster Trucks show presented across North America, Europe and elsewhere internationally. The Company is headquartered in Medina, Ohio. For more information visit familyentertainmentlive.com. Contact Details Eric PR & Marketing, LLC Eric Nemeth +1 602-502-2793 nemeth@ericpr.com

March 07, 2023 09:00 AM Eastern Standard Time

INNOVATIVE GIFTING, GAMING AND PARTY SUPPLY COMPANY CÔTIER BRAND TO LAUNCH IN TARGET STORES

Cotier Brand

Imaginative party and lifestyle company, Côtier Brand ’s line of party games, décor, stationery, and gifts is pleased to announce its entrance into Target stores. Beginning in March 2023, Côtier Brand will expand to select Target stores nationwide. Côtier Brand’s uniquely designed party goods have already received over 7,500 five-star reviews, were created to spark meaningful connection, provide ridiculous fun, and lessen the stress that comes with hosting. From March 12, select Target stores will carry four best-selling Côtier Brand SKUs: Did Baby Poopie? – Brown Baby Edition, Did Baby Poopie? – Fair Baby Edition, Who Has The Ring? and Mimosa Bar Kit. Côtier Brand is currently sold on Target.com. Created in 2017, Côtier Brand is a party supply company devoted to creating remarkable moments and celebrations that are truly memorable. In less than five years since its inception, the disruptive party brand has caught the attention of the national big-box retailer due to rapid growth and wide popularity of the products that help consumers throw a bash in a flash. Led and founded by at home party experts and entrepreneurial couple Marx and Amber Succés, Côtier is committed to empowering hosts and hostesses to enjoy their own events, master the art of intentional celebrating, and create unforgettable moments through deeper human connections. Côtier’s themed, no-fuss party products, and conversation starters effortlessly spark laughter and conversation for one-of-a-kind birthdays, graduations, anniversaries, baby showers, weddings and more. In a post-pandemic world, where people are finding their way back to in-person gatherings and celebrations once again, hosts want well-organized party supplies that engage and entertain guests with maximum style and minimal effort. Did Baby Poopie? Brown Baby Edition ($11.99) Côtier Brand’s hilarious and unique scratch off baby shower lottery game will have your guests rolling in laughter once they see how ridiculous it is! Fun and easy for all guests ages 4+, find the winning cards by scratching off the baby diaper with a coin to reveal a smiling poop emoji! Trademarked and copyrighted by Côtier Brand, this no mess version of the classic baby shower game, with gender neutral design and melanin-rich baby illustrations, is perfect for diaper raffles, door prizes, favors, ice breakers and more! You can even take it up a notch and hide lottery tickets under chairs or plates at your event. The ways to play are limitless! High-res image is available here Did Baby Poopie? Fair Baby Edition ($11.99) A quick and tidy version of the classic baby shower game, Did Baby Poopie?, Côtiers Brand’s gender-neutral design matches any party theme and the high-quality semi-gloss cardstock will impress both you and your guests. So, get ready for the compliments to roll in as your baby shower guests are rolling in laughter from this ridiculous scratch-off game!! To begin, simply hand out the lottery cards to guests and tell them to start scratching. Two poopy winners and 28 non-winning cards are included, but to multiply the fun, grab additional packs to use for door busters, icebreakers, diaper raffles, bingo and more! High-res image is available here Who Has the Ring? ($11.99) People LOVE lotteries and people love...well, LOVE! This unique scratch-off lottery game is the perfect combination of these two. Your guests will be giggling and cheering over this witty game! This perfect no assembly sarcastic card game for bridal showers, engagement parties, and bachelorette trips is all about seeing who will scratch and reveal the winning ring emoji and scream "I DO!". But if you scratch and don't reveal a ring, you're greeted by one of five funny witty losing remarks such as "Losing Has A Nice Ring To It." and "Let's Facet, You Lost.” and many more hilarious engagement ring related puns! Each pack comes with a total of 30 cards so this works effortlessly even for large parties." High-res image is available here Mimosa Bar Kit ($24.99) This 97-piece Mimosa Bar Decoration Kit is sure to elevate your next Birthday Brunch, Bridal Shower, or any House Party in minutes! With beautiful watercolor florals and pre-printed gold foil signage details throughout the decoration kit, it creates an impression that you spent way more time curating the look then you did. Allow your guests to gravitate towards your elegantly decorated mimosa bar and enjoy mixing their own mimosas. The kit includes a gold sparkled "But First Mimosas" Banner, Gold Foiled Mimosa Bar Sign, Gold Foiled pop Fizz Clink Accent Sign, 50 Paper Straws, 25 Juice Tags, 12 Topping Tent Cards, a Threading Needle and Gold Strings for the Banner and Drink Tags. High-Res image is available HERE C ô tier Brand is available at Target.com, Côtierbrand.com and select Target Stores. More images are available here. For all Côtier Brand inquiries, please contact First and Last PR: Cotier@firstandlastpr.com Contact Details First and Last PR Carissa Christy +1 201-569-2080 cotier@firstandlastpr.com Company Website https://cotierbrand.com

March 07, 2023 08:05 AM Eastern Standard Time

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NaRaYa Partners with PChome to Expand into the Taiwanese Online Market

NaRaYa

‘NaRaYa,’ a leading lifestyle brand that manufactures and retails handbags and accessories to customers worldwide, has partnered with PChome, one of Taiwan's most prominent eCommerce platforms to bring its products to Taiwanese consumers. This collaboration with PChome will provide Taiwanese customers with easy access to NaRaYa's products with convenient logistics, as well as special promotions available exclusively on the platform. NaRaYa is a leading Thai brand with over 15 branches worldwide. Headquartered in Bangkok, Thailand, NaRaYa's products are handmade and produced by skilled local artisans from Thailand, where it is meticulously crafted using high-quality materials to offer exemplary products at reasonable prices. The company is constantly developing products to meet the ever-changing needs of consumers, and it also supports growth and economic development in local communities through job creation opportunities. "As our customer base in Taiwan continues to grow, we see huge potential in this market. This business partnership with PChome will allow us to expand our reach to the Taiwanese market, giving customers more choices and convenience for their shopping experiences. In addition, this partnership will also provide us with a platform to market and sell our products, enhancing brand awareness among Taiwanese consumers,” said Pasin Lathouras, Chief Corporate Strategy Officer of NaRaYa. Lathouras added, "With PChome as our trusted partner, NaRaYa is determined to expand our presence in this market and offer customers the best product and experience we can." “We are very excited about this partnership; Thai products are attractive by their great design, quality, and price, our goal is to bring Thai products to Taiwanese consumers, and we are glad that NaRaYa trusts us to offer their products through our platforms. With our well-known presence and strong technological foundation in Taiwan market, we believe NaRaYa is a perfect fit for us. This, in turn, will also assist NaRaYa in reaching more customers in Taiwan; it's a win-win situation," said Sam Tsai, Managing Director of PChomeThai. Highlights of the partnership: • NaRaYa products are now available on PChome in Taiwan • Expansion of NaRaYa’s business in the Taiwanese market • Smooth logistics and seamless payment services & buyer protection policy • Special promotions available exclusively on the PChome platform For international partnership inquiries with NaRaYa, please get in touch with our export team at export@naraya.com About NaRaYa NaRaYa is a leading Thai brand with an extensive portfolio of products that appeal to a wide range of customers, including handbags, clothes, and accessories. Founded in 1989, NaRaYa has grown into one of the most well-known Thai brands, with over 15 branches worldwide. NaRaYa and its sub-brands are committed to producing high-quality products at affordable prices while supporting various social causes and local communities and pursuing a sustainable business to reduce its environmental impact. For more information about NaRaYa, please visit http://www.naraya.com/ About PChome Online & PChomeThai The largest eCommerce group in Taiwan which was established in 1996 and publicly listed on Taiwan stock market in 2005 (stock symbol 8044.TWO) offers comprehensive eCommerce, logistics and FinTech services in Taiwan market. Operates 254,000 square meter warehouses and provides delivery service within 24 hours after an order is placed in the whole island-wide and delivery within 6 hours in the great Taipei area. In 2015, PChome Thai was established as a joint venture with Cal-Comp Electronics, a listed company in Thailand. PChomeThai ThaiShopping Service, is an overseas shopping service which dedicating in providing Thai products to Taiwanese consumers, with a full Chinese interface, direct fright free shipping from Thailand to Taiwan when an order reaches 490 THB. For more information about PChome, please visit https://www.pchome.co.th/tw Contact Details NaRaYa export@naraya.com Company Website https://www.naraya.com/

March 06, 2023 09:30 PM Eastern Standard Time

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Innersense Organic Beauty Launches I Create Definition Styling Foam

Innersense Organic Beauty

Award-winning clean beauty brand Innersense Organic Beauty’s newest addition to their styling collection, I Create Definition Styling Foam defines and sets curls for long lasting style, and is formulated with organic ingredients for healthy, hydrated hair. This clean, lightweight styling foam provides firm hold for style longevity, decreases dry time, and enhances natural texture. I Create Definition features Aloe Vera, a critical ingredient for curls as it is a natural humectant that helps keep hair hydrated, which allows curls to thrive (look their best). Additional ingredients Amaranth Seed and Pequi Oil work together to help fortify and plump strands and infuse nourishing fatty acids to smooth frizz, add shine to fuller, thicker and healthier looking hair. Pequi and Amaranth Seed are great for higher porosity because they smooth down the cuticle to reduce frizz so strands are left with a silky texture. Innersense Organic Beauty is committed to sustainability across product development, sourcing and operations. I Create Definition, the new styling foam product, features a 100% Post Consumer Recycled PET white bottle with a non-aerosol pump that can be easily taken apart for recycling after use. In 2020, Innersense transitioned their line of white bottles to 100% PCR to reduce their virgin plastic usage and encourage packaging circularity. They are also Certified Plastic Neutral and Carbon Neutral, using third party agencies to verify and offset their plastic use and carbon emissions. “As a salon brand, we are always looking for new products to add to our styling range,” says Greg Starkman, CEO and Founder of Innersense Organic Beauty. “I Create Definition was formulated for our curly community, who have been so supportive of our brand and mission. This styling foam allows stylers to get salon level curls at home with less hassle and longer lasting results.” I Create Definition Styling Foam retails for $28 (6 oz) and $12 (2.37 oz). The product comes in a 100% PCR non-aerosol pump bottle and will be available online at innersensebeauty.com, in select salons, and in-store at specialty retailers such as Credo Beauty and The Detox Market. About Innersense Organic Beauty Beauty professionals Greg and Joanne Starkman founded Innersense Organic Beauty to bring clean, pure and toxin free hair care to salons, stylists and consumers. The clean hair care brand’s products include shampoos, conditioners, scalp scrub, styling and treatment products for all hair types. For more information, visit innersensebeauty.com. Contact Details Archita Patel +1 281-725-2121 archita@bpcm.com Company Website https://innersensebeauty.com/

March 06, 2023 12:30 PM Eastern Standard Time

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NASCAR Driver Launches Airport Airbed business! Airport Floors - No more!

Last Option Bed

McapMediaWire -- Last Option Bed LLC has announced the development and pending launch of its new product: “The affordable, lightweight, TSA compliant airbed specifically designed for the traveler and emergency use.” The air bed is packaged to be just over 1 lbs. and is a hybrid of current products on the market. With the target market being Airline travelers, the airbed gives travelers an option that does not include sleeping on cold hard airport floors. Other uses are endless with the growing number of people sleeping outside on the ground due to migration, natural disasters and host of other reasons. “As a frequent airline traveler, I recently spent a night on an airport floor with the chairs all full my choices were limited but the idea was born” said Founder Brian Weber. “I will Never let sleeping on a cold hard floor be my last option and nobody else should either, the vast majority Airports in the USA are not designed for comfort at all, and travelers are sadly on their own “Added Brian. NASCAR Driver Launches Airport Airbed business! Airport Floors - No more! (Multimedia) For any further information please contact us. www.LastOptionBed.com Contact: LastOptionBed@Gmail.com Facebook: Last Option Bed Instagram: Last Option Bed Contact Details Last Option Bed LastOptionBed@Gmail.com Company Website http://www.lastoptionbed.com/

March 06, 2023 10:00 AM Eastern Standard Time

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Minuteman Press Franchise in Naples, FL Shares Growth Strategies, Overcomes Hurricane Ian

Minuteman Press International Inc

David Ogden purchased the Minuteman Press franchise in Naples, Florida, in January 2021. In the two years since the purchase, David has successfully grown the business by expanding high-demand products and services as well as the key acquisition of independent printing business Sunbelt Printing in September 2022. David says, “The resulting sales growth in business after bringing Minuteman Press and Sunbelt Printing together is over 400% year-over-year.” Around the same time as the acquisition and planned relocation to a new 4,100 sq. ft. facility, Hurricane Ian hit Florida on September 28, 2022. David shares, “What an experience. I purchased Sunbelt Printing and found a new building to move into. The movers were scheduled to get us moved on September 28, 2022. It turns out it was the same day Hurricane Ian hit the Naples/Ft. Meyers area. Needless to say, the move was postponed, and all of our original planning was out the window. Finding contractors to get the electricity where we needed it and all the other moving parts involved had to be reorganized and rescheduled.” David continues, “We did it, and it took more time and patience than I expected, but we finally succeeded and are now in our 4,100-square-foot facility. We have grown really fast since the move and the acquisition, so it’s a good thing we were able to overcome Hurricane Ian and complete the move.” Today, Minuteman Press in Naples is located at 771 Airport Rd. N., Units 4 & 5, Naples, FL 34104. Journey from Cairo, Egypt to Naples, FL David Ogden first moved to Naples in 2013. He shares, “I owned a printing company in Cairo, Egypt, while my family and I lived there. When we left in 2013 and moved to Naples, I still owned the printing company in Egypt, and my brother-in-law took over day-to-day management. Today, I own Minuteman Press in Naples as well as two other companies not in the printing industry.” As someone with experience in the printing industry and as a business owner, David explains why he chose to join the Minuteman Press franchise family: “I chose Minuteman for several reasons. First, it was an existing franchise and a ‘fixer-upper.’ I also liked the company's history, the clear and present franchise support, and of course, their capped royalty structure. Finally, I knew from the day I started the training program for new owners with Mike Jutt and Pete Taglino that I had made the right decision and Minuteman Press was the right franchise brand for me.” David continues, “I did my homework before buying Minuteman Press in Naples, and I talked to many existing owners. All of them agreed the support received from Minuteman Press International was outstanding. After purchasing the business and when the paper supply chain issues occurred, it shook me at first. But then I had a great conversation with our Regional VP Larry Trimble, who helped put it in perspective and provided guidance. From that day forward, I have taken the ‘failure is not an option’ approach, and it has worked out great. I have fantastic support from our regional rep Mark Geller, and Larry Trimble. They are part of our team, know my business well, and are part of our success.” 3 Keys to Growing the Business David highlights the following three key ways he has grown the business over the past two years: Providing high-demand products and services, including direct mail. “ We have a large direct mail customer that does 6-10K pieces of first-class mail per day with us. We also have many smaller customers that do various-size mailings and Every Door Direct Mail (EDDM) postcards. Mailing is about 20% of our business and a fast growth area, and so we are investing in direct mail even further with new equipment.” Listening to clients and meeting their needs. “I make time to meet and talk to customers at our front desk. I always ask new customers, ‘What other kind of printing do you use?’ About 70% of the time, I discover new potential business. For example, our very large direct mail customer came from asking that one simple question, which added $30K per month in new revenue.” Learning from other owners by attending the Minuteman Press World Expo. “I learned a great deal at the Minuteman Press World Expo last year and took those ideas back to my team. As a result, we have increased a lot of central facility work, which has benefited our business's overall mix. One of the best takeaways from the Expo was the President’s Million-Dollar Owners panel, where successful owners from all across Minuteman Press answer questions from other franchisees. I sat and listened to every one of them talking about buying independent printers and merging them into their own businesses. I decided then and there to go home and buy another printer. Six weeks later, I purchased Sunbelt Printing.” Acquisition of Sunbelt Printing The acquisition of Sunbelt Printing certainly proved to be a huge boost for Minuteman Press in Naples. David shares, “Minuteman Press sends out regular mailings to independent printers asking them if they have a plan to retire or have an exit strategy, and they explain the benefits of selling their business with the help of Minuteman Press International. The owner of Sunbelt Printing was looking to sell and was ready to retire. After many meetings with that owner and weeks of negotiating, I bought Sunbelt Printing and merged that business into my existing business. Both were about equal in revenue per month at the time of the merger, and as I said previously, the resulting growth in business after bringing the two together is over 400% year-over-year.” David continues, “Our regional rep Mark Geller helped coordinate and execute the merger of the two businesses. He also helped us with specialty contractors to get equipment like large cutters moved and re-installed. In addition, Mark regularly helps me train new employees.” What’s next for David Ogden and Minuteman Press in Naples? David answers, “We are excited to keep serving our clients with high quality printing, marketing, and mailing services. I love building relationships with our customers and look forward to continuing to grow together. I’m also in talks with another independent printer about buying their business. We will see where that leads us.” Minuteman Press in Naples is located at 771 Airport Rd. N., Units 4 & 5, Naples, FL 34104. For more information, visit their website: https://minuteman.com/us/locations/fl/naples/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

March 06, 2023 10:00 AM Eastern Standard Time

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New Membership Special Contributes to Travis Kelce’s Eighty-Seven and Running

Full Scope PR

Club Car Wash prioritizes its charitable partners, as has raised over $1 million for Children’s Miracle Network Hospitals through its Ten Dollar Tuesday promotion. In the month of February, Club Car Wash raised $58,460 for Children’s Miracle Network, and an additional $51,243.35 for local organizations, including Eighty-Seven and Running through grand opening and other In honor of Co-Owner Travis Kelce’s 2023 Super Bowl run with the Kansas City Chiefs, Club Car Wash organized a fundraiser to benefit the Eighty-Seven and Running organization. Founded by Kelce in 2015, Eighty-Seven and Running helps underserved youth on their journey to become productive citizens by mentoring and motivating them to explore and develop their abilities while learning critical life skills. For every new Club Car Wash membership purchased between February 4 and February 12, the company made a donation to Eighty-Seven and Running. With the help of new and existing members, the funds raised to benefit the organization totaled $42,301. Club Car Wash operates more than 120 locations throughout the Central United States, and has recently expanded into the state of Wisconsin. The company opened six new locations in the month of February, including sites in Arkansas, Texas and Missouri. Club Car Wash plans to continue its expansion into Colorado and Tennessee in 2023. Kelce joined the company as co-owner in April of 2021, and has made three appearances in the Super Bowl as a tight end for the Kansas City Chiefs. Club Car Wash is excited to partner with Eighty-Seven and Running and to help empower disadvantaged youth through this and other fundraising initiatives. “Giving back to the community is very important to us as a family and as a business,” said Rollie Bartels, CEO and Owner of Club Car Wash. “We are proud to support Eighty-Seven and Running and to help provide the opportunity for our youth to cultivate their talents, learn and grow.” “I am so grateful to Club Car Wash for the ongoing support of the Eighty-Seven and Running organization and I am excited about the opportunities that this fundraiser will provide for the foundation,” said Travis Kelce, tight end of the Kansas City Chiefs and two-time Super Bowl Champion. “Each dollar raised from this campaign will go directly towards initiatives that will provide kids in the community with resources and opportunities to reach their full potential.” Founded as Tiger Express Car Wash in 2006, the company rebranded to Club Car Wash in 2019. Currently operating more than 120 locations in Missouri, Kansas, Illinois, Iowa, Oklahoma, Nebraska, Arkansas, Wisconsin and Texas, Club Car Wash is one of the largest and fastest growing express car wash companies in the Central United States. Club Car Wash has plans to scale rapidly into Colorado, Kentucky and Tennessee through acquisitions and new developments. To learn more about Club Car Wash, please visit: www.clubcarwash.com. Contact Details Club Car Wash Kendall Palmquist Media@clubcarwash.com

March 06, 2023 09:00 AM Eastern Standard Time

What is Reverse Factoring for Cannabis Businesses?

Canna Business Resources

Cash flow is an important aspect of business operations, but spending on needed supplies and other overhead doesn’t always align with income from sales. You may find yourself in a situation where you don’t have the cash on hand to pay supplier invoices promptly, even though you anticipate money coming in. This could be a major impediment to carrying on operations, which is why many businesses require an open line of credit to bridge the gap between expenses and income. This type of financing can be hard to come by for cannabis businesses because many major banks won’t serve the cannabis industry. But with the right cannabis lender, you have the opportunity to secure a range of financing options, including reverse factoring. What is reverse factoring, and how can it help your business account for fluctuations in cash flow? Read on to find out. What Exactly is Reverse Factoring? Reverse factoring is a financing solution that involves three parties — you, your lender/financial organization and your suppliers. Also referred to as supply chain financing, this process is initiated by you, the buyer, and involves paying off supplier invoices with financing and then paying the lender back when money comes in. This financing allows you to continue making needed purchases to keep your business going while you await income from sales. You can avoid the stress of unpaid invoices and unsteady business cash flow as well as the potential for harming relationships with suppliers because of late or missed payments. How Does Reverse Factoring Work? The process is relatively simple once you have an arrangement in place with a cannabis lender. It starts when you purchase supplies or products from a vendor. Your supplier then provides you with an invoice for the purchase. Typically, this is approved by your company and given to the lender offering an open line of credit. The supplier can request early payment, which the lender releases on your behalf and bills against your line of credit. The supplier receives payment, and you are responsible for paying the lender on the agreed schedule (perhaps monthly or at a set maturity date). Suppliers may pay a small fee for early payout, and you may be charged interest, depending on the amount of credit and when you pay. Examples of Reverse Factoring for Cannabis Businesses If you run a dispensary, you might cultivate/manufacture some of your own products, but likely, you also sell a range of products supplied by other brands. You must order these products regularly to keep store shelves stocked, but you’re essentially paying out of pocket until you sell the products, recoup your costs and earn revenue. The gap between buying products and selling them could leave you dealing with a dip in your cash flow. You might not have the money to pay for products you need to stimulate sales and income. What can you do? With accounts receivable/invoice financing or a reverse factoring line of credit, you can keep an open line to funding needed to pay supplier invoices in a timely manner, allowing you to continue placing needed orders for supplies while you await sales and revenue to cover the costs. Advantages of Reverse Factoring for Cannabis Businesses You may be hesitant to take on any form of lending as a business owner. It’s natural to worry about repaying not only borrowed funds but accrued interest. That said, having a backup in place to provide coverage between expenditure and income is not only helpful to your ongoing business operation, but there are also benefits for your suppliers as well. How the Supplier Benefits Your suppliers are dealing with some of the same issues you are when it comes to cash flow. They provide you with materials or manufactured goods that cost them money, but they’re waiting on you to pay for them. When you have credit lined up to pay them if your cash flow stalls, you give them the gift of predictability that allows them to keep their operations running smoothly. If they know they can count on timely payments, they’re better able to manage their business and keep supplying yours. How the Buyer Benefits The biggest advantage of receivables factoring for your cannabis company is that it allows you to optimize cash flow, alleviating the risk of supply chain collapse. When you have ready cash to pay for products, you can work with supplier payment terms and build long-lasting relationships that benefit your business long term. Keeping Cash Flowing in Your Marijuana Business Many forms of cannabis financing can help you expand and purchase equipment or real estate. Credit lines that allow you to manage cash flow are arguably the most important for maintaining uninterrupted operations. You might get away with paying suppliers late once or twice, but if you prove consistently unreliable, you’ll find yourself without a supplier. Keeping the cash flowing gives suppliers confidence in your ability to pay and helps you maintain strong relationships and a steady supply of product. Is Reverse Factoring Right for You? Unless you’re lucky enough to have a lot of money sitting in the bank to cover cash flow concerns, having a backup option like reverse factoring in place to cover lean times is essential. With a reliable income stream, you can find a suitable cannabis lender and enjoy favorable terms that give you the best opportunity to keep your business operations on track. Contact Details Canna Business Resources info@cannabusinessresources.com Company Website https://cannabusinessresources.com/

March 03, 2023 11:57 AM Eastern Standard Time

How Does Cannabis Real Estate Impact Local Cannabis Companies?

Canna Business Resources

Nearly nine out of 10 Americans say marijuana should be legal for medical and recreational use, according to the Pew Research Center. Now that the cannabis industry has grown in acceptance, business owners need to secure cannabis real estate to operate. At the same time, however, the lingering stigma makes it harder for business owners to obtain property. If you’re hoping to open a cannabis business in your area, this guide can orient you to the options and challenges of marijuana real estate. Types of Cannabis Real Estate The cannabis industry is surprisingly diverse. Your real estate needs may vary based on the type of business you’re operating. 1. Retail Space Retail space is needed for those who sell marijuana directly. Like other retail businesses, these properties should be chosen based on traffic, visibility and ease of access to ensure success. You’ll also want to ensure that your store layout is conducive to an enjoyable, frictionless customer experience. 2. Commercial Warehouses Warehouses are storage and linking points in the cannabis supply chain, so they may be operated by retailers directly, as well as producers and distributors. Warehouses should be selected based on proximity to their final destination and the source of their contents. 3. Rural Farmland Producers require sufficient acreage to grow marijuana. Because space is needed, this type of cannabis property will typically be found in rural locations, and buyers will need to ensure that the land offers good runoff, quality soil and favorable weather. Using a greenhouse gives you added security and can be used to cultivate plants in virtually any climate. 4. Commercial Plants Producers and distributors may rely on commercial plants to process marijuana crops and prepare them for final sale. These facilities commonly require sufficient square footage to handle inventory, personnel and equipment. Challenges for Cannabis Businesses Seeking Quality Real Estate Despite widespread acceptance of recreational marijuana, cannabis business owners still face significant hurdles when it comes to securing cannabis real estate. Here are some of the biggest challenges affecting the industry. Local Ordinances Even though cannabis businesses are legal, some local communities prohibit cannabis businesses from operating. For instance, 40% of Connecticut towns ban cannabis businesses, according to CT Insider. This factor forces business owners to pursue marijuana real estate in urban centers, which can raise prices and present stiff competition. Financing Hurdles Currently, most major banks and traditional financial institutions do not work with cannabis businesses. This issue can make it harder to obtain the financing needed to buy or lease a cannabis property in your community and may force you to rent a property until you build enough capital to fund your own real estate purchase. Fortunately, some lenders specialize in cannabis business loans, though entrepreneurs may find themselves facing limited options compared to other types of business. Strong Competition Now that recreational marijuana is legal in at least 21 U.S. states, entrepreneurs are scrambling to get in on the action. But since cannabis businesses are often localized in urban centers because of local ordinances, cannabis business owners may face strong competition, making it harder to gain traction in a crowded marketplace. Advantages of Diverse Real Estate Holdings for Cannabis Businesses Diversification is a sound investment strategy regardless of whether you’re talking about stocks, bonds or tangible assets, such as real estate property. Cannabis business owners can expect the following benefits when they pursue diverse real estate holdings — that is, owning multiple types of property. Mitigates Risk Having access to multiple properties can protect you from sudden economic changes. For instance, if you’re renting a retail space, and the landlord increases the monthly fee, you can shift your business to an alternate location to trim expenses. Presents Opportunity for Growth Operating in multiple locations gives you added business opportunities and room to grow. You may discover that one location offers the physical space you need to introduce a new piece of equipment or product line. Provides a Form of Passive Income Renting out your real estate property gives you a source of passive income. For instance, you might consider renting a portion of your warehouse space to another business to keep costs down. Considerations of Cannabis Real Estate Cannabis business owners have some special considerations relating to their real estate. Security Cannabis properties — including warehouses and fields — require security to protect your money as well as your inventory. When selecting a property, ensure the building and area can be secured to protect your assets and employees. Expansion Opportunities A retail storefront in a crowded location might not provide the physical space you need if you plan on expanding soon. When possible, try to select properties that give you room to grow. Ongoing Costs If you’re renting a property, you may face rising costs as landlords raise the cost of rent, which can put a damper on your cash flow and capacity for expansion. Even if you own the property, you’ll have to plan carefully to manage your tax liability, which will increase as your business grows. Give Yourself Room to Grow Choosing the right cannabis property is important since it affects business now and in the future. That’s why it’s important to select a property that fits your business goals and gives you room to expand your horizons as business improves. Contact Details Canna Business Resources info@cannabusinessresources.com Company Website https://cannabusinessresources.com/

March 03, 2023 11:51 AM Eastern Standard Time

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