Nuffoods Spectrum India

Calyx Peak raises $30 million for expansion

20 December 2018 | News | By NFS correspondent

cannabis

cannabis

Calyx Peak Companies, a multi-state operator, announces it has raised $30 million in investments in its current fundraising round towards the expansion of its cannabis operations and brands this year. The largest commitment comes from Altmore Capital, a real estate private equity fund, at $10 million.

 

Led by a diverse team of experts within the medical, consumer branding, retail, construction, business, and cannabis industries, Calyx Peak Companies operates multiple cannabis-centric operations in California, Ohio, and Nevada.

 

Calyx Peak Companies already manages seven permits and 250,000-square feet of cultivation, extraction, and distribution facilities. It is also the proud partner of lauded cannabis brand Josh D Farms, founded by one of the originators of Los Angeles’ OG Kush movement and second place finisher at The 2018 Emerald Cup in the Licensed Mixed Light Flower Category.

 

“This is an exciting time for the legal cannabis industry, and we are honored to have the support of forward-thinking investors, such as Altmore Capital, as we enter the next stage of expansion,” says Ed Schmults, CEO of Calyx Peak Companies. “Over the next year, we plan to further grow our multi-state operations and continue to welcome key hires to our senior team.”

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