Michigan Startup Noxx Closes On $15 Million Debt Raise To Bring Inclusive Cannabis Retail Experience To Life

Aug 31, 2022•almost 3 years ago

Amount Raised

$15 Million

DetroitCannabisAgriculture and FarmingE Commerce

Description

Michigan-based vertical cannabis company NOXX today announced robust plans for operational growth supported by a $15 million debt raise from Altmore Capital, a specialty finance firm that invests in the U.S. cannabis industry. The additional financial backing will be used by NOXX to fund capital expenditure and fuel the company’s plans for future acquisitions and expansion.

Company Information

Company

NOXX

Location

28Th Street Se

Detroit, Michigan, United States

About

NOXX is a Michigan-based vertical cannabis company providing the best brands at the best prices, through innovation, quality, and inclusivity. From an omnichannel perspective across retail, wholesale, ecommerce and delivery, NOXX offers an unmatched experience meeting customers where they want to shop. The leadership team’s extensive history in executive management combined with deep cannabis market knowledge translates to elevated consumer experiences grounded in authenticity. Named for a friendly being from another galaxy on a mission to create a more inclusive world through the power of cannabis, NOXX and its house of brands provide exceptional cannabis flower, prerolls, concentrates and other cannabis products at dispensaries across the state. Learn more at noxx.com.

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Michigan Startup Noxx Closes On $15 Million Debt Raise To Bring Inclusive Cannabis Retail Experience To Life

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