Multi-State Cannabis Operator Calyx Peak Raises $30 Million

Calyx Peak Companies Raises $30 Million for the Expansion of Its Cannabis Operations and Brands

Altmore Capital Commits $10 Million Toward Calyx Peak Companies’ Fundraising

LOS ANGELES, December 19, 2018 (Newswire.com) – 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.

Altmore Capital is proud to be a capital partner to Calyx Peak Companies. Accessing debt and other capital is one of the many challenges cannabis operators must overcome in order to grow. We look forward to working with Calyx Peak Companies and its management team, as it continues to build a leading position in this fast-growing industry.

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.

“Our passion lies in bolstering entrepreneurs and businesses leading the legal cannabis revolution. Already, we operate cultivation, processing, and distribution facilities in three states with pending operations in Massachusetts. Additionally, our house brand, Josh D Farms, offers consumers a direct and specialized link to one of the most popular cannabis varietals ever,” says Michael Bang, chief investment officer for Calyx Peak Companies. “The capital raised this year will finance our continued expansion across North America.”
- Ed Schmults

{ SOURCE: New Cannabis Ventures }


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