The High Note, Inc., a Los Angeles, CA-based vertically-integrated cannabis company, is to receive USD$15m in funding.
Backers included Gotham Green Partners and certain co-investors including Best Buds Funding. Gotham Green Partners is funding USD$11m in multiple tranches and has rights to fund an additional USD$4m based on the company achieving certain performance hurdles.
The investment will allow the company to achieve several strategic goals including the expansion of its cannabis lifestyle dispensary brand and to commence development of its 29.5 acres cannabis business park in California City.
Founded by Chief Executive Officer John Jezzini, The High Note is a vertically integrated cannabis conglomerate which cultivates, extracts, packages, distributes and sells its own, and third-party product. In addition to the planned California City cannabis park, The High Note operates a licensed cultivation facility in Los Angeles with 45,000 square feet of indoor cultivation space.