News

  • CALYX PEAK COMPANIES WILL PRESENT AT THE CANACCORD GENUITY 3RD ANNUAL CANNABIS CONFERENCE

    May 9, 2019

    Calyx Peak Companies Will Present at the Canaccord Genuity 3rd Annual Cannabis Conference

    CEO Ed Schmults to Share Industry Insights and Growth Opportunities Pertaining to the Multi-State Cannabis Operator

    LOS ANGELES, May 9, 2019—Calyx Peak Companies, a multi-state cannabis operator, announced today its CEO Ed Schmults will present at the Canaccord Genuity 3rd Annual Cannabis Conference at the Grand Hyatt New York on Tuesday May 14, 2019 at 3 p.m. ET. Calyx Peak Companies’ Michael Bang (CIO) and Howard Keum (Chief Corporate Development Officer) will also be in attendance, as well as Josh Del Rosso, managing director of the premium cannabis brand Josh D, a Calyx Peak Companies fully-owned brand.

    Each year, the Canaccord Genuity Cannabis Conference features presentations from the industry’s most regarded thought leaders and experts. Representing Calyx Peak Companies, Schmults will be providing attendees with deeper insight into the company’s fast-developing brands and operations, as well as growth opportunities.  

     

    About Calyx Peak Companies  

    Calyx Peak Companies is a leading multi-state operator looking to lead the legal cannabis revolution. The company operates over 280,000 square feet of cultivation, extraction and distribution facilities across multiple states.

    Calyx Peak launched with a small investment in Nevada and quickly expanded to four states. 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.

    Calyx Peak Companies continues to invest in its brands and operations in its drive to achieve a dominant position in the rapidly evolving cannabis market.

  • A CANNABIS CEO WHO LED TURNAROUNDS AT FAO SCHWARZ AND PATAGONIA EXPLAINS WHY HE'S LOOKING TO POACH 'NIMBLE' PEOPLE FROM SMALL COMPANIES — RATHER THAN BIG-NAME EXECS

    Business Insider

    November 19, 2018

    Ed Schmults, a former executive who spent years at Patagonia and orchestrated a number of turnarounds — including storied toy retailer FAO Schwarz — was recruited by a headhunter to become the CEO of cannabis firm Calyx Peak Capital. Schmults is now building out his team. He said in an interview with Business Insider he's looking for candidates from smaller companies, who can move fast with little support because the industry is "evolving almost daily." "I'm looking for people with the quintessential entrepreneurial experience," Schmults said.

    When veteran retail executive Ed Schmults received an out-of-the-blue phone call from a headhunter in July, he had no idea that in just a few short months he'd end up as the CEO of a cannabis company. 

    As the new CEO of Massachusetts-based Calyx Peak Capital — a firm that invests in cannabis retail licenses in a number of states — he's now looking to build out his team. 

    And he's not looking for big-name executives. 

    "Some of our competitors are out there trumpeting their executives from multi-billion dollar companies, and I'm sure those men and women are awesome," Schmults told Business Insider in an interview. "But I think what you really want at the start of an industry are people who've been involved in smaller companies who can work fast, be nimble, and wear multiple hats." 

    Schmults said the cannabis industry is evolving "almost daily." That's why he's focusing his recruiting on people who have deep experience in smaller businesses "where everyone's going all out," rather than mega-corporations. 

    "You know, I'm looking for people with the quintessential entrepreneurial experience," Schmults said. "I need people who can create the reports themselves and make decisions on the fly." 

    To Schmults, that sweet spot between startup and multibillion dollar firm is what he knows best. 

    After a stint at Goldman Sachs, Schmults spent seven years at Patagonia in California and Tokyo in the 1990s — while the outdoor-oriented clothing brand was rapidly growing — before he was recruited to turn around another clothing company, Moonstone Mountain Equipment. 

    He parlayed that experience into executing a turnaround of FAO Schwarz, the storied New York City toy retailer. 

    When the headhunter called him about the CEO position at Calyx, Schmults said it was a "one of those cock your head to the side" moments. 

    "I was like 'huh, cannabis?' I'll have to think about that," Schmults said. But the more he dug in, the more he realized that the potential health benefits of the plant were "astonishing." 

    "At the end of the day I really liked the investors," Schmults said. 

    And the chance to take what he learned across his career to build a team from the ground-up was a "rare opportunity" that doesn't come along so often, Schmults said. 

    "I just think it's a fascinating intellectual opportunity and a chance to remove the stigma," Schmults said. 

    { SOURCE: Business Insider }

  • MULTI-STATE CANNABIS OPERATOR CALYX PEAK RAISES $30 MILLION

    New Cannabis Ventures

    December 26, 2018

    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.”

     
    { SOURCE: New Cannabis Ventures }
  • JOSH DEL ROSSO, FOUNDER AND MANAGING DIRECTOR OF JOSH D FARMS

    Forbes

    December 26, 2018

    I spoke on the phone with Josh Del Rosso, Founder and Managing Director of his namesake, Josh D Farms the other day and as UN-taped interviews: IE., cold call conversations go, it turned into a cheery, smile filled excursion into the world of ultra-high end cannabis and the stories that surround this lux-art form. Which is to say, as the time slipped by, and I found myself in a state of self induced euphoria, primarily because I was speaking to a legend in the field of cannabis! A humble man who exudes the passion and youthful exuberance that would be refreshing to say the very least. And as the time slipped away and the DF Trammusic that I was listening to, way off in the background, began to deepen the overall experience of sharing ideas and thoughts, I realized that my place in the cannabis field is every bit as pertinent as most others. And that was good for now, because sharing thoughts with folks such as Josh would have been unheard of for me just a few short years ago. So please allow me to share with you, dear readers, a very kind man who is doing something truly unique in the business of medicating with flowers.

    ForbesWhy Cannabis instead of say, becoming a scientist or working in a bank? (Like I did, shh!)  When did you realize that you had an aptitude for propagating flowers?

    JDRI got into working with cannabis because I felt a calling to the plant from the first time I encountered it. After doing more research and experimentation with the plant, I couldn't understand why the plant was illegal and it only fueled my passion for getting it into the hands of the people that needed it the most. My passion for the plant and innovative cultivation techniques laid the groundwork for a 20+ year business that truly is a labor of love. We recently ranked as #2 in The 2018 Emerald Cup’s Licensed Mixed Light Flower category - to me, that’s a testament to our company’s dedication to the OG Kush varietal and our vision of what it could become. The fact that I am now legally cultivating in Southern California surrounded by family, friends and one of the most talented teams in the country - its like manifest destiny - I am living a dream that even twenty years ago I never thought possible.

    ForbesWhen was the first time that you smoked cannabis?  Where?  Did you get buzzed?  How do you feel about medical cannabis?

    JDRI first smoked cannabis at a drive-in movie theater in high-school with a band I was a part of. I believe a Halloween movie was playing at the time - I think it was Trick or Treat? I just remember being so excited to smoke - it was more the anticipation than anything really - but my anticipation was only exceeded by my experience. The fact of the matter is that there are far more medical benefits than just catching a buzz for recreational purposes. For example, with OG Kush, many people have told me personal stories about how nothing else but this cultivar helps them with anxiety and insomnia. The most amazing thing is that as we finally get to research this plant more and what it can do, we are finding out that it can treat a whole range of symptoms from epilepsy to Crohn's Disease to final stage cancer. It is amazing to hear personal stories from real people who have used cannabis to treat, prevent or change their lives.

    Forbes I’ll bet you have many great strains you’ve enjoyed over the decades, but how did you choose your specific strain of OG Kush?  What does OG Kush stand for?

    JDR"The “OG Kush” lineage starts back in the 1990s - as a local Floridian favorite known as “Krippy” or “Supernaut.”

    For years, “Kush” remained a well-kept secret shared within the Florida growers community. OG Kush is not an easy plant to grow: It is sensitive to light and nutrient levels, and very susceptible to pests. I eventually shared these cuttings and knowledge with numerous friends and growers who would eventually spread “OG Kush” cuttings around the world. We chose the name "OG Kush" because of the aroma coming off the plant, the greasy oily trichomes that shine like diamonds. The tear drop triangle shaped nugs have a very low leaf to calyx ratio with a short flowering cycle. Once we tried the first plant, we realized it was something completely different - personally, it was the most profound high I had ever experienced. You can pick a cultivar after you have really gotten to experience it.

    OG stands for Original - so Original Kush. It was meant to designate that this specific Kush was grown by our crew in a specific way.

    ForbesWhat is your favorite food to cook when you are enjoying your own flowers?  Do you cook?  If so, who taught you?  Mother? Father?  Television Cooking shows?

    JDRI enjoy cooking a rigatoni bolognese recipe that my father taught me. My family is from Rome, so food has always been important to us.

    ForbesSpeaking of terroir in cannabis, can your obviously ultra-high-end cannabis be grown in New Jersey?  We have plenty of medical, but nothing that actually feels like what I expect to be, cannabis. It’s like Mock Cannabis in the end result. It looks beautiful, but there's the rub. The more that I travel to grow operations, the more I realize that the end results, after drying and curing are wildly varied.  Thoughts?

    JDRYes, the same growing techniques that we use in California for indoor growing can be translated to New Jersey with a few tweaks to achieve almost the same quality, if not the exact same quality. Genetics play a big role in this. If you have great genetics and a talented grower with a proper facility, I believe you can achieve similar results anywhere. With regards to terroir - that is a much more complex question. You are starting to get into appellations and the difference of growing the same plant with the same genetics in two different places. The natural environment, such as a greenhouse or outdoor crop presents an entirely different set of variables for a grower to consider.  For example, using CoCo vs Soil Vs Rockwhohl may and likely will cause a variance in the geno's expression of the plant. This is also a variable that needs to be accounted for when growing from seed vs clone as the pheno you may be hunting for is properly expressed within the environmental conditions provided.  That is both the art and science of with this plant.

    Thank you Josh for being so forthright about your craft. Speaking to you is akin to speaking to a great movie director- because you sir, are truly legendary in our field! Cheers! WB

     

    { SOURCE: Warren M. Bobrow, Forbes }

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