Foley Represents Cannabis Startup NOXX on $15M Debt Financing

Foley & Lardner LLP represented NOXX, a Michigan-based vertical cannabis company, on its $15 million debt raise from Altmore Capital, a specialty finance firm investing in the U.S. cannabis industry. NOXX will use the additional financial backing to fund capital expenditure and fuel the company’s plans for future acquisitions and expansion.

NOXX is a startup cannabis company providing the best brands at the best prices through innovation, quality, and inclusivity. From an all-encompassing standpoint across retail, wholesale, ecommerce, and delivery, NOXX offers an unmatched experience in meeting customers where they want to shop. Together with Altmore Capital, NOXX is poised to become a dominant force in reimagining how consumers shop for cannabis.

The Foley team representing NOXX was led by Partner Robert Nederhood and included Partners Lisa Conmy and Associate Kenneth Johnson.

Foley’s Cannabis Industry Team brings together significant experience from multiple practice disciplines to advise clients involved in the space, as well as clients within supporting and peripheral industries. The Cannabis Industry Team includes a deep bench of more than 80 attorneys nationwide and in Mexico City.

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