NICI Quick Take

Vertical Co is a California based, vertically integrated, multi-state cannabis cultivator and brand distribution company. It mainly develops hemp-based CBD products.

It operates in 3 states currently, California, Arizona and Kentucky, and recently completed a grow facility in Ohio.

The California operations are located in eastern San Bernardino County. The land has room to add 8 additional buildings but for now it has 4 facilities which includes a 40,000 sq. ft. building, a 20,000 sq. ft. building, a 7,000 sq. ft. extraction and manufacturing building, and a 10,000 sq. ft. distribution center

Vertical’s outdoor grow facilities in California produced 20,000 pounds in the last year. Its 60,000 square feet of indoor facilities are expected to produce 10,000 pounds a year. It recently purchased land in Santa Barbara County, is expected to produce 200,000 to 250,000 pounds per year.

In Arizona, Vertical has a 52,000-square-foot indoor grow facility, and a 90,000-square-foot hemp manufacturing, production and processing facility.

IPO Details

Valuation N/A
Total Raised $58.0M
NICI Subsector Cultivator, Processor
Website N/A