Tag: The Blinc Group

  • Sahani to Lead Blinc Group

    Sahani to Lead Blinc Group

    Pete Sahani (left) and Arnaud Dumas de Rauly | Photo: The Blinc Group

    The Blinc Group has appointed Pete Sahani as its new CEO effective Dec. 1, replacing co-founder Arnaud Dumas de Rauly.

    Sahani brings a wealth of experience to his new role, having been instrumental in a number of key initiatives since joining Blinc as chief operating officer in April 2022.

    “Pete has been a pivotal figure in our leadership team, playing a significant role in not only steering us to positive EBITDA and net income but also in the introduction of innovative services like Scale Now Pay Later and Vendor Managed Inventory,” said Dumas de Rauly in a statement. “With his exceptional skill in operational management and strategic planning, I am confident that Pete is the ideal leader to propel Blinc into a future marked by sustained profitability and expanded service offerings.”

    “It’s an honor to step into the CEO role at the Blinc Group,” said Sahani. “I am excited to build upon the strong foundation laid by Arnaud and our team by leading the company toward new heights of innovation and market leadership.”

    Dumas de Rauly will transition to the position of chief experience and science officer and will retain his position on the Blinc Group board. In his new position, Dumas de Rauly will focus on integrating analytical science and consumer safety with superior customer experiences.

    Dumas de Rauly has been at the helm of the Blinc Group since 2018, establishing the company as a key player in the cannabis vaping business.

    “Arnaud has been a visionary leader under whose guidance Blinc has established itself as a major player in the cannabis vaping space and has always done so while keeping a strong focus on consumer safety,” said co-founder and Chief Innovations Officer Sasha Aksenov. “His strategic foresight has been invaluable, and we are certain that he will continue to play a pivotal role in Blinc’s future.”

  • Blinc Secures Patent for Branding Technology

    Blinc Secures Patent for Branding Technology

    Photo: The Blinc Group

    The Blinc Group has secured a patent for its RingSystem hardware branding and labeling technology.

    “Cannabis businesses have been struggling to maintain the proper amount of inventory in the vape space while also keeping their customers informed of what’s in their product,” said Sasha Aksenov, co-founder and chief innovation officer of The Blinc Group, in a statement.

    “Companies shell out thousands of dollars for packaging and fill their cartridges with a specific cultivar to shortly find out that it’s not selling as expected. They are left with huge losses in branded hardware, but our Ring System allows the brands and licensed producers to label their products on demand during production, and, if they have to—pivot and relabel for pennies, not dollars.”

    The Ring System consists of two bands one at the base of the mouthpiece or “top” and the other at the base of the cartridge—Top Ring and Base Ring. Before capping a compatible cartridge or disposable, operators can snap the Top Ring onto the mouthpiece of the cartridge with the strain name. The ring is also easily removed if the strain is not being sold or brands decide to pivot on the formulation or experience.

    “At the Blinc Group we strive every day to promote innovation, quality, safety, and integrity in every one of our products, the Ring System is no different. It is imperative that the entire industry take those goals to heart,” said Arnaud Dumas de Rauly, co-founder & CEO of The Blinc Group. “Consumers need to know what’s in their cartridges at all times and for this industry to thrive companies need to be able to increase their productivity and flexibility, without spending huge amounts of working capital on an unsold inventory. There are enough hurdles in the cannabis space, what’s in your vape cartridge shouldn’t be one of them.”

  • The Blinc Group Raises $1.5 million

    The Blinc Group Raises $1.5 million

    Photo: Tobacco Reporter archive

    The Blinc Group has raised $1.5 million in bridge financing. The company will use the proceeds to expand its team, develop new materials and vape technologies, and open an office in Toronto.

    Arnaud Dumas de Rauly

    “The Blinc Group puts quality and safety at the forefront of its vape technology and since day one, that dedication to the highest standards has brought us the endorsement of institutional investors focused on the cannabis industry,” said Arnaud Dumas de Rauly, CEO and co-founder of the Blinc Group, in a statement.

    “Our team navigated 2019’s vape crisis helping set standards and advise regulators on testing and compliance, and last year the company saw our best quarter yet amid the Covid-19 pandemic as the industry learned the benefits of safety and traceability.”

    In 2020, Blinc Group more than tripled its orders with more than 330 percent year-on-year growth, showcasing the technology company’s ability to scale and flourish in a difficult regulatory landscape. The group attributes much of its success to the emphasis it places on safety and compliance.

    “We began underwriting our initial investment in Blinc near the onset of the so-called vape crisis in 2019 and it became quickly apparent that the team’s experience within the vape technology space and its focus on quality, traceability and customer service would see them through and enable them to emerge as a market leader,” said Andi Goldman, managing member and co-founder of the Equitas Partners Fund.

    “We have watched the Blinc team over the past few years as they have grown their business and dedicated their focus to safety and traceablity within the vape hardware sector,” said Michael Mitgang, managing director and co- founder of the WGD Opportunity Fund. “Blinc’s reputation for putting these important factors first has secured customer wins with some of the leading cannabis operators in North America.”

    “The vape category is one of the primary revenue drivers in every market and satisfies the demands of some of the most committed cannabis consumers. Providing high-quality products is a must for any brand looking to win and retain loyal shoppers,” said 7thirty’s Director of Research, Ben Richardson.