Cannabis Industry’s Largest Private Round to Date Helps Drive Adoption of Sustainable Agricultural Model Structured Around Decentralized Small Farms
CALIFORNIA: Flow Kana, the leading sustainable supply chain company and distributor of sungrown cannabis products and services, today announced the completion of a $125 million round of financing – the nation’s largest private funding round for a private cannabis company to date. Gotham Green Partners, which led Flow Kana’s Series A raise in May 2018, invested in the round along with additional private investors to accelerate the company’s rapid growth. Flow Kana has raised a total of $175 million to date to build and scale the California cannabis supply chain centered around small, decentralized, sustainably operated cannabis farms.
“We strongly believe the cannabis industry is a catalyst for social change and are grateful to have found investors and partners aligned with this vision,” said Michael Steinmetz, Flow Kana CEO. “Throughout our supply chain, partners and customers have all committed to the sungrown movement and are dedicated to building an industry that has a positive impact on the great challenges that we confront in the world today.”
Flow Kana begins with the small farm ecosystem and is rapidly building a socially and environmentally conscious supply chain for the cannabis industry at large. Small, diversified, regenerative farms working with centralization and connected through technology are scaling to usher in the next era of the world’s agricultural future.
Flow Kana is California’s number one selling flower brand, in partnership with the company’s expanding ecosystem of independent craft farmers from Northern California’s world-renowned Emerald Triangle growing region – Mendocino, Humboldt and Trinity counties. With any Flow Kana or “Powered by Flow Kana” product, customers can trust that regardless of form factor, the cannabis inside is sun grown and cultivated organically by small independent farms in an eco-friendly manner.
“Since our initial investment, Flow Kana has continued to execute on its mission of developing a robust and inclusive California cannabis supply chain,” said Michael Henderson-Cohen, a Principal at Gotham Green Partners. “We are excited to participate in this recent raise, which will enable the company to leverage its unique position in the Emerald Triangle and broaden its reach and message across the state.”