MWG Holdings Reports Double-Digit Gains Following July 10 Oil Day

The retail group, which operates across California, saw guest transaction counts rise by 53% and total units sold jump 78% compared to the 2025 event. These results follow a strong performance during the April 20 holiday, where the company recorded a 66% increase in net revenue. CEO Tom Sheridan attributed the sustained momentum to a disciplined operational playbook and a focus on long-term guest loyalty rather than short-term market fluctuations.

While state-level data from the California Department of Tax and Fee Administration indicates a 4% sequential dip in statewide cannabis tax revenue for the first quarter of 2026, MWG’s growth suggests that its community-centric model remains resilient. Nicole Hanratty, the company's VP of Marketing, noted that the success of these events stems from curated guest experiences and deep coordination between purchasing and distribution teams. By integrating social elements like food trucks and live music into their retail footprint, MWG aims to differentiate its stores in an increasingly competitive California landscape.