Bespoke Extracts, Inc. is a Nevada-based corporation specializing in the production and distribution of cannabis consumer packaged goods through its subsidiary in Colorado, pivoting to this market in 2023.

# Bespoke Extracts, Inc. Summary

## Overview
Bespoke Extracts, Inc. is a Nevada corporation operating in the regulated cannabis industry through its wholly-owned subsidiary, Bespoke Extracts Colorado, LLC. The company is primarily engaged in the production, manufacturing, and distribution of cannabis consumer packaged goods, including pre-rolled marijuana cigarettes and other processed marijuana products.

### Business Operations
- **Founded:** Originally established in 1988, the company pivoted to cannabis operations in 2023 after acquiring a licensed adult-use marijuana-infused products business in Aurora, Colorado.
- **Key Product Categories:** 
  - **Branded Products:** Includes a variety of cannabis products under brand names such as Fresh Joints, Doobskis, DutchBlunts, and Wee Joints.
  - **Processing Services:** Provides processing services for licensed cultivators and dispensaries, charging a fee for each unit processed and delivered.

### Customer Base
- The company sells its products to licensed marijuana dispensaries across Colorado, indicating a focused clientele primarily in the cannabis retail sector.
- As of March 27, 2025, the company reported approximately **1,440 holders of its common stock**, excluding those holding shares in street name, suggesting a diverse base of investors and, likely, potential customers.

### Financial Performance
- **Revenue:**
  - For the year ended December 31, 2024, Bespoke Extracts reported revenues of **$1,117,452**, an increase from **$785,453** the previous year.
- **Expenses:**
  - Cost of products sold for 2024 was **$664,517**, representing around **59%** of sales. This is an increase in the cost-to-sales ratio from **56%** in 2023, indicating rising costs in packaging and inputs.
- **Net Loss:**
  - The company incurred a net loss of **$1,037,475** for the year ended December 31, 2024, compared to **$1,482,843** for the prior year.
- **Working Capital:**
  - As of December 31, 2024, the company held a working capital deficit of **$953,414** and an accumulated deficit of **$26,404,116**.

### Workforce
- The company employs a total of **8 full-time employees** as of the latest report date, operating with a lean staff that likely covers various roles from production to administrative functions.

### Strategic Direction
- Bespoke Extracts aims to expand its portfolio within the adult-use cannabis market, with plans for product innovation, brand building, and potential acquisitions in compliant jurisdictions. 
- The company has also discontinued activities in the CBD sector, focusing exclusively on regulated cannabis markets.

### Compliance and Regulatory Landscape
- The company complies with the stringent regulations governing the cannabis industry at both state and federal levels, while navigating the complexities associated with federal laws that classify cannabis as a Schedule I controlled substance.

This detailed summary provides an overview of Bespoke Extracts, Inc.'s operations, financials, and strategic direction in the cannabis industry as of December 31, 2024.

Bespoke Extracts, Inc. is a Nevada-based publicly traded company focusing on high-quality cannabis consumer packaged goods and processing services in Colorado's adult-use marijuana market.

# Company Overview: Bespoke Extracts, Inc.

## Business Profile
Bespoke Extracts, Inc., a Nevada corporation and publicly traded on the OTCQB under the symbol “BSPK,” operates primarily within the regulated cannabis industry through its wholly-owned subsidiary, Bespoke Extracts Colorado, LLC (“Bespoke Colorado”). The company began its cannabis operations in 2023 after acquiring a state-licensed adult-use marijuana infused products business in Aurora, Colorado.

### Products and Services
Bespoke Extracts has commenced production of cannabis consumer packaged goods, focusing on:

1. **Branded Products:**
   - Produces pre-rolled marijuana cigarettes (pre-rolls) under brands such as Fresh Joints, Box-O-Joints, and Wee Joints.
   - Plans to expand its portfolio by creating new brand names and exploring licensing existing brands from other states for production in Colorado.
   - Operates in the recreational adult-use cannabis market making high-quality marijuana available to licensed dispensaries in Colorado.

2. **Processing Services:**
   - Provides processing services for licensed cultivators and dispensaries, where the company earns a fee for each unit processed and delivered.

### Corporate History
- Originally founded in **1988**, the focus shifted to regulated cannabis in **2023**.
- Acquired the **WonderLeaf assets** in January 2023 to enhance its operations in marijuana-infused product manufacturing.

## Operational Metrics
- **Employees:** 10 full-time employees
- **Revenue:** Revenue details for 2023 are not specified, but the company incurred a net loss of **$1,482,843** for the year ended December 31, 2023.
- **Accumulated Deficit:** As of December 31, 2023, the accumulated deficit amounts to **$25,366,641**.
- **Working Capital Deficit:** **$997,118**.

### Customer Base
While specific customer numbers are not provided, the company serves licensed marijuana dispensaries across Colorado.

## Compliance and Regulatory Environment
Bespoke extracts operates in a complex regulatory environment where cannabis is federally classified as a Schedule I controlled substance, but is legal under state laws in Colorado for both medical and recreational use. The company maintains compliance with various local, state, and federal laws relevant to the cannabis industry.

## Conclusion
Bespoke Extracts, Inc. aims to establish itself as a leading producer of high-quality craft cannabis products while expanding its product offerings and processing services within the legal cannabis framework in Colorado.

Bespoke Extracts, Inc.

10-K / April 21, 2025

10-K / April 18, 2024

10-K / April 21, 2025

Bespoke Extracts, Inc. Summary

Overview

Business Operations

Customer Base

Financial Performance

Workforce

Strategic Direction

Compliance and Regulatory Landscape