Indus Holding Company, a Salinas, Calif.-based vertically-integrated cannabis company, raised $46m in Series B financing.
The company intends to use the funds to finance operations in the cultivation, extraction, manufacturing, sales, marketing, and distribution of licensed cannabis products.
Founded in 2014 by Chief Executive Officer Robert Weakley, Indus Holding Company is a vertically-integrated cannabis company with production capabilities, including cultivation, extraction, manufacturing, brand sales & marketing, and distribution.
The company offers services supporting every step of the supply chain and an extensive portfolio of brands, including Altai Brands, Dixie, Moon, Beboe, Acme Elixirs, and Legal.
Indus Distribution, a division of Indus Holding Company, is a distributor of cannabis products, servicing an extensive portfolio of brands and licensed retailers throughout California.
Since raising $3.1m during its Series A financing round in February 2015, the company has grown exponentially introducing over 10 owned and manufactured brands across a range of product categories, resulting in the most diverse cannabis brand portfolio in California.
During the recent Series B round, the organization expanded to a 225,000 square foot cultivation facility while also relocating its distribution operations into a new, 15,000 square foot facility near its corporate headquarters in Salinas, California.