NOXX, a Grand Rapids-based vertical cannabis company, has announced plans for operational growth supported by a $15 million debt raise from Altmore Capital, a specialty firm that invests in the U.S. cannabis industry.
In August, NOXX announced a partnership with Forty Acres Enterprises, with a goal of helping to nurture Black cannabis entrepreneurs, open new Black-owned cannabis companies, and serve as an innovation incubator for Black involvement in cannabis in Grand Rapids and across Michigan.
“NOXX is committed to building one of the most innovative and inclusive companies in cannabis,” says Tommy Nafso, CEO of NOXX. “Whether people want to transact in-person, online or through delivery, NOXX creates a convenient and exceptional shopping experience through unmatched product pricing and selection, hospitality, and an industry leading loyalty program.”
The partnership’s first collaboration is a new cannabis dispensary now open in Grand Rapids.
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