Fundz

Michigan Startup Noxx Closes On $15 Million Debt Raise To Bring Inclusive Cannabis Retail Experience To Life

PRIVATEAug 31, 2022

Amount Raised

$15 Million

Round Type

Funding Round

DetroitAgriculture and FarmingE CommerceCannabis

Description

Michigan-based vertical cannabis company NOXX today announced robust plans for operational growth supported by a $15 million debt raise from Altmore Capital, a specialty finance firm that invests in the U.S. cannabis industry. The additional financial backing will be used by NOXX to fund capital expenditure and fuel the company’s plans for future acquisitions and expansion.

Who else raised in Agriculture and Farming and E Commerce around the same time

Companies in the same sectors as NOXX that raised within 45 days of this round, from Fundz verified event records.

  • Greenlane Holdings raised $15M (Debt Financing) on August 11, 2022.
  • The 1937 Group raised $17M (Funding Round) on August 30, 2022.
  • Tridge raised $37M (Series D) on August 25, 2022.
  • Lowell Farms raised $4.2M (Seed) on August 19, 2022.
  • Lowell Farms raised $6.6M on August 19, 2022.
  • KedaiSayur raised an undisclosed amount (Series A) on July 22, 2022.

Who to call at NOXX, and when

A new round usually means NOXX is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day NOXX raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at NOXX, from your own LinkedIn network

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Company Information

Company

NOXX

Location

28Th Street Se

Detroit, Michigan, United States

About

NOXX is a Michigan-based vertical cannabis company providing the best brands at the best prices, through innovation, quality, and inclusivity. From an omnichannel perspective across retail, wholesale, ecommerce and delivery, NOXX offers an unmatched experience meeting customers where they want to shop. The leadership team’s extensive history in executive management combined with deep cannabis market knowledge translates to elevated consumer experiences grounded in authenticity. Named for a friendly being from another galaxy on a mission to create a more inclusive world through the power of cannabis, NOXX and its house of brands provide exceptional cannabis flower, prerolls, concentrates and other cannabis products at dispensaries across the state. Learn more at noxx.com.

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NOXX raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.