Ric Flair is back to work, sans the purple tights and white walkout robe.
While 78 percent of professional athletes go broke within 3-years of retirement, Flair is howling out his trademarked “WOOOOO!” in defiance of those statistics with his latest product launch.
The Nature Boy closed out his 50-year-wrestling-career on July 31st in front of 10,000 attendees, per ESPN, following his roast, which featured NHL alumni and “enforcer” Tie Domi and others.
But the 16x champion and 2x WWE Hall-of-Famer is back to business with his cannabis line “Ric Flair Drip.” Who needs a drink on a beach someplace when you have, in Flair’s case, pre-rolls and edibles.
The line, a part of Mike Tyson’s “Tyson 2.0” brand, announced today that it’s available for sale in Arizona, Nevada, and Illinois, with more states to follow in the subsequent months.
Tyson, Co-Founder, President, and Chairman of Tyson 2.0, Chad Bronstein, Co-Founder Aristotle Loumis, and their CEO, Adam Wilks, quarterbacked the distribution in partnership with cannabis company Verano.
According to an August 10th interview with Tyson, Bronstein, and Carrie Pallardy of New Cannabis Ventures, Tyson 2.0 is “profitable… and doing millions of dollars a month in revenue.” Tyson told Pallardy that their biggest problem is keeping their products on the shelves.
Cannabis company profit margins have narrowed over the years, due to increasing taxation, which has stifled equity efforts for many. But Bronstein has had a unique advantage, given his dual-role as founder and CEO of Fyllo.
The company, which he founded in 2019, offers access to purchasing and regulatory data concerning the industry. This data has given them a competitive advantage: the team announced their $9M Series A round less than two months ago–on Mike Tyson’s 56th birthday–and six months before that, they raised their Seed round.
All told, Bronstein has raised over $100M for his companies in the past two years, all while managing former UFC Women’s Bantamweight champion Julianna Pena (who’s looking to rematch with rival Amanda Nunes before the end of the year).
It’s not every day retired athletes are moving in lockstep with a $2.36 billion company like Verano, nor earning millions on their own.
Tyson, 56 years old, and Flair, who will be 74 next February, prove that if you partner with the right people, retirement isn’t an end.. but a lucrative, new beginning.
Perhaps Bronstein, Loumis, and Wilks should start a 55+ community next. Lord knows that I’ll be first in line twenty-four years from now.
Source: https://www.forbes.com/sites/brianroberts/2022/08/18/mike-tyson-has-ric-flair-back-to-work-already-with-new-cannabis-line/