Kings Garden - Company of the Year

Company: Kings Garden Inc., Palm Springs CA
Entry Submitted By: DKC
Company Description: Kings Garden is CA’s preeminent cannabis cultivation, processing, distribution + manufacturing company, specializing in premium boutique consumer products. Operational footprint 250K sq ft indoor cultivation; 190 employees, founded 2016 with revenue: $600K + 2020 at $83M. Founders: Michael King, Lauri Kibby + Charlie Kieley - each brings specific expertise (vision, finance/operations, cultivation)
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Consumer Products - Non-Durables - Medium

Nomination Title: Kings Garden Inc.

Founded in 2016 by Michael King, Lauri Kibby and Charlie Kieley, Kings Garden is California's preeminent cannabis cultivation, processing, distribution and manufacturing company, specializing in premium boutique consumer products. Kings Garden products are distributed throughout California, the largest legal cannabis market in the world. The company's operational footprint is 250K sq ft indoor cultivation; powered by a workforce of 175 full-time employees. Kings Garden's revenue skyrocketed from $600K in its first year to $83M in 2020. Our culture is at the epicenter of Kings Garden -- The Kings Way: we demand quality above all; there is nothing for which we will risk our standards. Our greatness is a direct result of our commitment to process. In our words and actions, we protect the family. We finish our days with honor and integrity. We celebrate our work and the team who make it possible.

Merged the predecessor companyinto Kings Garden Inc at the end of 2019. Grew revenue by 100% from 2019 to 2020.Closed a deal at the end of 2020 to double Kings Gardenfootprint and negotiated another deal to triple the company's square feet of cultivation by opening two new facilities. Created a war chest of$25M. Expanded the Kings Gardenconsumer products line,mechanized packaging andupgraded manufacturing facility. We implemented COVID procedures to keep our essential workforce employed and well.

• 3,247 operational lights enabling production of 44K+ lbs of flower annually
• Achieved $45.5M sales in2019 and $83M+ sales in 2020
• Market data indicatedKings Garden#1for indoor branded flower sales in CA

Kings Garden's operations are profitable, while manycompetitors are only now achieving profitability. Compared to competitors, Kings Garden has grown its business with a fraction of the competitors' outside investment. The company has achieved market recognition as a leader in consistently producingthe highest qualityflower on a mass scale. Operatefacilitieswith a fraction of resources and personnel, typically utilized by competitors.

We are attaching the Kings Garden Brand Book that speaks to our culture and our pre-audit P&L that supports our stated2020 revenue.