Annual ranking places 14th Round at #130 among top 500 companies; 14th Round achieved a 1,049% revenue growth rate from 2017-2020
LOS ANGELES–(BUSINESS WIRE)–14th Round Inc., a design and technology company serving the best brands in cannabis, today announced it ranked 130th on the Deloitte Technology Fast 500™, the annual ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. 14th Round ranked 5th in the Electronic Devices/Hardware category.
14th Round’s focus on innovation and ability to manage supply chain challenges during the pandemic contributed to the company’s 1,049% revenue growth from 2017-2020.
“We are extremely proud to earn this recognition and be among such an incredible group of innovative companies that develop and deploy their own intellectual property,” said Jeremy Green, CEO, 14th Round “Our growth in the face of extraordinary challenges presented by the global pandemic and ensuing supply chain disruption is a testament to our infrastructure and our team.”
“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”
“The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit & assurance practice. “These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.”
About 14th Round
With operation in Los Angeles, Shenzhen, and Dongguan, China, 14th Round is a design and technology company enabling the best brands in cannabis to innovate and scale. With a full suite of services including custom vaporization hardware design and manufacturing, engineering, branding, and child-resistant packaging solutions, 14th Round’s client roster leads the industry in the United States and Canada. For more information visit: 14thrnd.com.
About the 2021 Deloitte Technology Fast 500™
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2017 to 2020.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
BCW for 14th Round
Frank Lentini, +1 (347) 963-8474 / [email protected]