PRESS RELEASE via Yahoo Finance

April 8, 2024

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SACRAMENTO, CA - April 08, 2024 - MWG Holdings Group, Inc. ("MWG Holdings" or "MWG"), owner and operator of Perfect Union, a locally-focused cannabis company with award-winning roots in the California medical and recreational markets, announced today the rollout of the Company's newest cannabis brand and initial product line Cap City. The Cap City collection features premium flower at affordable prices. Cartridges, pre-rolls, beverages, edibles, diamond extract, and crumble are in the pipeline, and all will be available at all Perfect Union and Wild Seed Wellness retail stores this summer. Find Cap City at all Perfect Union and Wild Seed Wellness locations here.

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The timing of this launch leverages the heightened attention and increased consumer interest surrounding 4/20, the most celebrated cannabis holiday event that takes place on April 20 annually. This strategic move ensures maximum visibility for MWG's new product line, driving traffic, fostering brand awareness, and capturing market share. Notably, consumers will enjoy a staggering 42% off across not just Cap City's offerings but extending to an expansive selection of over 58 brands participating in this extraordinary event at all MWG retail locations.

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Based in the heart of Sacramento, California, Cap City reflects the belief that premium cannabis experiences should be within reach for all. This top-tier product line includes aromatic flower and potent extracts, celebrating California's esteemed cannabis heritage.

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MWG operates nine dispensaries across the state of California - Perfect Union and Wild Seed Wellness - as well as an impressive 30,000-square-foot premium indoor cultivation and distribution facility.

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"For us, inclusivity is more than a concept; it's the cornerstone of our approach at MWG, driving us to cater to the diverse preferences of cannabis aficionados everywhere," said Tom Sheridan, CEO of MWG Holdings. "With Cap City, you're not just purchasing cannabis products; you're embracing a slice of Sacramento's heritage, distinguished by its high quality, accessibility, and meticulous crafting."

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The California cannabis market is expected to reach $7.2 billion in 2024, according to an Arcview Group and BDS Analysis report. MWG Holdings' March sales are up 3.5 percent compared to February, and February increased 6.8 percent compared to January.

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Learn more about MWG Holdings, Inc.'s Perfect Union and Wild Seed Wellness stores at https://www.perfect-union.com/ and wildseedwellness.com.

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About MWG Holdings

MWG Holdings Group, Inc. is a purpose-driven, locally-focused cannabis company in the California medical and recreational markets, with a flagship location in Sacramento, California. Founded in 2017 as the pioneering cannabis retail brand originally known as Magnolia Wellness, the brand has offered award-winning and best selling products with a focus on local community building, and giving back to their employees. Today, MWG's management team leverages over a decade of experience building profitable cannabis businesses, having raised millions in capital and bringing the company to cash flow positivity. The company has obtained scarce retail licenses and navigated local laws and regulations across Northern California and values building social welfare and outreach programs.

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MWG owns and operates Perfect Union, a California wholly-owned cannabis company where guests enjoy a family-like atmosphere and wide range of products. Perfect Union boasts a robust portfolio of award-winning cannabis brands throughout its nine retail locations and offers a safe and welcoming environment where patrons can access high-quality products in-store, or via online order and pick up. MWG owns or controls a significant majority of its supply chain, including cultivation, manufacturing and distribution.

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View the Company's esteemed dispensary awards that recognize the outstanding contributions and achievements of its dedicated team members at https://www.perfect-union.com/awards/. Learn more at https://www.perfect-union.com/ and wildseedwellness.com.

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Public Relations Contact

Americana Communications

mwg@americanapr.com

www.americanapr.com

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