The Calyx Peak Story
Calyx Peak Companies is a renowned leader of the legal cannabis revolution. We are committed to shaping the industry by creating and growing businesses that bring the highest levels of integrity, innovation, and standards to this formerly unregulated field of business.
We invest in, operate, and manage cannabis assets, including more than 300,000 square feet of cultivation, extraction, and distribution facilities in multiple states.
Our diverse team of medical, business, construction, and cannabis industry experts are committed to challenging the conventional and often misunderstood thinking about this powerful plant.
Calyx Peak was founded in early 2016 by four friends with deep roots in the global equities market: Howard Keum, Michael Bang, and two silent partners. The group’s first move was to make a small investment in an indoor grow operation in northern Nevada, and within 18 months, they had expanded their investments to include a 8-acre farm in Santa Barbara County, California.
Given the life-changing and life-saving medicinal benefits cannabis has to offer, the founders were committed to educating themselves about its capabilities. They received guidance from one of the leading advocates in the field, Dr. Paul Song, a board-certified radiation oncologist in Los Angeles, and a partnership was formed; he joined Calyx Peak as Chief Medical Officer in 2017.
In addition to his ongoing work on Calyx Peak’s health-related ventures, Dr. Song inspired Calyx Peak's wellness brand, SONG, which will use scientific research and exacting standards to create a range of high-quality products for a multitude of conditions.
By 2018, with the company’s investments, staff, and ambitions steadily growing, Calyx Peak named Ed Schmults, former CEO of FAO Schwarz and COO of Patagonia, as CEO of the company. This solidified the company’s mission to build and market products that create strong emotional connections with customers.
Calyx Peak continued to add to its executive ranks in 2019, with Erin Carachilo, an experienced retail finance and operations executive, as VP of Finance; Jen McLaughlin, a data-driven merchant, as VP of Product Development & Merchandising.
On the cultivation side, Calyx Peak's Cultivation Director, Dan Wittlinger, led the team to 4 top 10 finishes at the 2019 Emerald Cup. Dan is now focused on tapping his deep industry contacts and knowledge to help expand the Local cannabis brand in California and launch it in new states.
This ability to adapt to change is vital to success in any fast-growing industry, but particularly necessary in the non-linear development of the Cannabis industry.
Calyx Peak was awarded a social equity license for a retail store in Los Angeles as well as 3 cultivation, 1 extraction and 1 retail license in Missouri. We look forward to building out these assets in 2020.