Holistic Industries, a vertically-integrated cannabis operator in the U.S., closed $35 million in debt financing in an oversubscribed round of funding led by Altmore Capital.
The company’s regional approach and local focus allow for expansion while maintaining the company’s core values and goal to be the best place to work, shop and invest in cannabis.
The investment will fund internal expansion projects already in progress, future pursuits including new licenses and distressed asset opportunities, and investments in local communities.
- Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
- Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
- Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
This will be the only debt on the company’s balance sheet.
“Because of our approach to go deep in specific limited-license states and scale responsibly by investing heavily in the local communities where we operate, we’ve seen continued growth and dominance regionally including expanding the footprint of our retail brand — Liberty Cannabis,” said Holistic Industries CEO Josh Genderson.
Holistic started on the East Coast and has methodically expanded to the Mid-Atlantic, Midwest and West Coast, currently operating in California, Maryland, Massachusetts, Michigan, Pennsylvania and Washington D.C., with additional licenses won in Missouri and numerous merit-based competitive license applications in process.
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