California’s Flow Kana Raises Record-Breaking $125 Million Financing Round

Flow Kana is the largest sun-grown cannabis company in the state

Amid the marijuana industry’s already massive first quarter of M&A and capital infusion activity this year, a new record has already been set. Flow Kana announced today the completion of a $125 million round of financing from Gotham Green Partners — the largest private funding round of a cannabis company executed in the United States to date.

Since its start in 2015, the Redwood Valley-based supply chain and distributor of sun-grown cannabis from the Emerald Triangle (the world-renowned growing region spanning Mendocino, Humboldt and Trinity counties), the company has raised a total of $175 million. Gotham Green Partners also led Flow Kana’s Series A raise in 2018.

Flow Kana has grown into the number one selling brand of cannabis in the state over the past four years, but doesn’t cultivate its own flower. Instead, the first-of-its-kind company acts as an conduit — think Whole Foods — for small, decentralized and sustainably-operated cannabis farms to provide processing, distribution and white-label services to supply medical and recreational licensed retail and delivery operators.

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