Our Mission to Streamline the Cannabis Supply Chain

240 Logistics Embarks on A Mission To Revolutionize And Streamline The Cannabis Supply Chain Through Its Cutting-Edge Technology, Flywheel. Operating in Oregon and Nevada, the technology is set to expand across three additional atates in the coming months.

An example of FlyWheel’s Interface. Credit: 240L Holdings

Chicago, Illinois: 240 Logistics (240L), a cannabis company under 240L Holdings, has announced the launch of FlyWheel, a new consumer technology designed to revolutionize and streamline the cannabis supply chain. Currently operating in Oregon and Nevada, FlyWheel is set to expand into the California, New Mexico, and New York markets in the coming months. Its aim is to reshape the way businesses are conducted in the cannabis industry, from seed to sale, and untangle the complexities of the cannabis supply chain.

"FlyWheel, powered by 240L, leverages advanced real-time data analytics from Retailers, Brands, and Cultivators to help protect and strengthen the cannabis supply chain. Through seamless API integrations with Metrc and POS systems, such as Dutchie, FlyWheel monitors, and alerts on inventory and sales to ensure everyone is either producing or purchasing the right products for the right shelves at the right times. FlyWheel knows which products are performing and which aren't. For retailers, FlyWheel knows when to order products to avoid stock-outs and how much product to order to avoid over-stocking and cash-flow issues."

- Tim Schmitt, Chief Technology Officer, 240 Logistics.

Tim continues on:

“For Brands and Cultivators, FlyWheel knows when to start producing products, how much to make to avoid supply chain bottlenecks, and how to efficiently use precious working capital and raw inputs. Best of all, FlyWheel doesn't call in sick, it doesn't get tired, and it helps you focus on the best parts of your business, creating great products and Brands and providing a great experience to cannabis consumers. FlyWheel is safe to use, easy to set up, and is guaranteed to bring tremendous value to your business.”

"Flywheel revolutionizes retail inventory management by using cutting-edge metrics and real-time insights to predict what customers want and how products perform. By harnessing this predictive power, it ensures that shelves are always stocked with the right items at the right time. This not only streamlines the supply chain but also minimizes the complexities associated with inventory management. By keeping just enough stock on hand, Flywheel helps retailers free up their cash flow and concentrate on the products that truly resonate with customers. This means they can focus on what sells best, making their business more agile, profitable, and better equipped to meet customer demands."

Jackie Cahan, Chief Financial Officer and Managing Partner of 240L Holdings.

At the heart of 240L lies a collection of highly-rated brands powered by FlyWheel's exclusive innovative solutions to address the inefficiencies and gaps that have long plagued the cannabis supply chain. With FlyWheel’s user-friendly proprietary technology, clients receive personalized data and tools to make informed decisions, optimize operations, increase profits, and minimize risks. Additionally, clients can avail themselves of expert sales and account management teams that use data-driven insights to offer vendor-managed inventory programs. This ensures that products are always available for sale, optimizing performance and minimizing risk. Moreover, FlyWheel's distribution capabilities provide the best options for managing order fulfillment, protecting products, and navigating regulations and market dynamics while streamlining cannabis distribution and wholesale licensing through the professionalization of operational practices, including accounting, human resources, legal, and marketing.

By using FlyWheel, retailers can save valuable time by making better decisions and improving operational efficiency. Key features and services of FlyWheel include:

Sales: Clients are provided with experienced sales and account management teams that use data-driven insights to deliver vendor-managed inventory programs, ensuring that products are in stock and available for sale, optimizing performance, and minimizing risk.

• Distribution: Offers best-in-class capabilities to effectively manage order fulfillment, protect products, and navigate regulations and market dynamics.

• Brand Activation: Provides clients with a strong network of manufacturing capabilities and partners, helping brands enter the market effectively and efficiently while supporting consumer-facing marketing activities and providing data insights into consumer demand.

Following 240L's first acquisition in Oregon, Pharmer’s Market, 240L’s M&A team seeks additional acquisition opportunities through a network of operators, investment banks, industry experts, and investors. Furthermore, FlyWheel plans to expand its services across the United States as cannabis legalization gains momentum in different states. This expansion will be instrumental in helping FlyWheel reach more businesses.