This is on the front page of our network site this week. Raising 10M in equity is good for any start up. What makes Chalice Farms a good investment? And, as they grow, can they adhere to high sustainability standards?
We'll have them on a show soon. All over the US, cannabis is getting approved for at least, if not more, medical use. It is becoming mainstream. As with any business, they will need to streamline operations, use proper soil and water techniques and limit transportation of their product. We look forward to tracking this industry and grading their performance.
The emerging cannabis industry has attracted the attention of leading venture capital and investment banking firms, including Ackrell Capital, whose principals have been involved in domestic and international transactions totaling more than $50 billion. With numbers like this there is no question this is becoming an industry, and what ever side of the moral debate you fall on regarding the legalization of marijuana it would be naive not to consider how this industry is going to be managed, and regulated.
Our question, and we pose this to our audience. “Can the cannabis industry become a model for advancing sustainable practices, from the environment, socially, and those working in it, economically?”
One company that we’re reviewing is Chalice Farms, which growing quickly.
Chalice Farms, LLC of Portland, Oregon has emerged as a leading enterprise from the multitude of cannabis businesses in America.
In late 2014 Chalice Farms closed a first-round $10M equity funding, which set a new benchmark within the industry. And now Chalice Farms is projecting a ten-fold increase in its year over year revenue growth, and is on track for $10M in revenue for 2016.
Unique in the cannabis industry, Chalice's fully-integrated business model encompasses proprietary and leading brand-name products, lower production costs, standardization, quality-control and distribution, while leveraging the affordability of labor in Oregon.
Chalice Farms products have already found favor with consumers having captured the coveted DOPE Magazine 'People's Choice Award' and a handful of other awards at that annual event, as well as capturing two first places in the annual Oregon Medical Marijuana Cup.
In developing the 'Top100' report, Ackrell Capital assessed named companies by numerous metrics, including but not limited to, momentum, brand equity and recognition, funding, management team and business plan.
"We were excited and honored when we heard from a Portland-based VC that Chalice Farms was listed on Ackrell's Top 100," said William E. Simpson III, Founder and President of Chalice Farms.
Renewable Now has reached out to Chalice Farms and have
invited them to join us on Peter Arpin’s Business Side of Green radio show to get a sense if they are embracing sustainability in their business model and if so how. We are also reaching out to the Emerald Grower's Association is a Northern California collective that advances policies for a sustainable cannabis industry to learn more about their organization and how they are advocating for this industry.
invited them to join us on Peter Arpin’s Business Side of Green radio show to get a sense if they are embracing sustainability in their business model and if so how. We are also reaching out to the Emerald Grower's Association is a Northern California collective that advances policies for a sustainable cannabis industry to learn more about their organization and how they are advocating for this industry.
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