Caliva, a San Jose, Calif.-based vertically integrated cannabis company, closed its $75M first round of funding.
– Carol Bartz, former CEO of Yahoo and Autodesk and former Cisco Board Member, who will serve on Caliva’s Board of Directors, and
– Joe Montana.
The company intends to use the funds to grow its product portfolio and expand its reach to California consumers through its own branded retail stores, expanded wholesale distribution, and through direct-to-consumer channels.
Led by Dennis O’Malley, CEO, Caliva is the market leader in California for branded cannabis products. With its facility in San Jose, the company produces top quality flower and cannabis oil, manufactures products and distributes them throughout the state. Branded products can be found at their flagship dispensary in San Jose, dispensaries throughout the state of California, and purchased online at www.caliva.com and Eaze.com.
The company now employs over 440 workers and has two current operating locations in the Bay Area.