Navy Capital

C3 Industries LLC, established in 2018 and based in Ann Arbor, Michigan, is a vertically integrated cannabis company that focuses on producing and retailing high-quality cannabis products. Founded by brothers Ankur and Vishal Rungta, along with their longtime friend Joel Ruggiero, C3 Industries operates cultivation and manufacturing facilities, as well as retail locations, to serve both medical and recreational markets. The company is committed to crafting, branding, and selling premium cannabis items, providing a unique boutique experience for consumers. By combining a passion for cannabis with a dedication to quality, C3 Industries aims to meet the diverse needs of its clientele.

Connected Cannabis is a vertically integrated cannabis company based in Sacramento, California, focusing on the cultivation and sale of high-end, designer cannabis strains. The company is committed to producing unique strains characterized by exceptional terpene profiles, which contribute to their distinctive flavors, aromas, and visual appeal. By operating dispensaries that manufacture and sell these premium cannabis products, Connected Cannabis caters to both recreational and medicinal users seeking quality experiences that stand out in the market.

Cann is a producer of low-dose tetrahydrocannabinol (THC) infused beverages designed to provide all-natural flavor options. The company focuses on creating vegan and gluten-free drinks that contain no artificial sweeteners, flavors, or preservatives. Cann's beverages are crafted with natural citrus and herbal flavors, incorporating a touch of agave nectar to offer a light and refreshing alternative for consumers seeking a social buzz. These micro-dosed non-alcoholic drinks deliver a strength comparable to that of a beer, promoting a new way for individuals to experience cannabis while prioritizing health and wellness.

1906 is a cannabis company founded in 2016 that focuses on creating fast-acting, functional products aimed at enhancing wellness. Named after the year cannabis was last widely used as medicine, 1906 aims to reintegrate the plant into society as a health tool rather than simply for recreation. The company differentiates itself in the cannabis market by offering premium products that address specific wellness needs such as sleep, focus, relaxation, energy, and intimacy. Unlike many brands that prioritize high THC content, 1906 targets health-conscious consumers seeking predictable effects. Its proprietary fast-acting technology allows products to take effect within 20 minutes, significantly quicker than typical edibles. This emphasis on consistent dosing and rapid onset makes 1906 appealing to a diverse customer base, including professionals and health enthusiasts. With a direct-to-consumer platform launched in 2023, the company is expanding its reach across legalized states. As consumer demand for wellness-oriented cannabis products grows, 1906 is well-positioned for sustained success in the evolving cannabis landscape.

Connected Cannabis is a vertically integrated cannabis company based in Sacramento, California, focusing on the cultivation and sale of high-end, designer cannabis strains. The company is committed to producing unique strains characterized by exceptional terpene profiles, which contribute to their distinctive flavors, aromas, and visual appeal. By operating dispensaries that manufacture and sell these premium cannabis products, Connected Cannabis caters to both recreational and medicinal users seeking quality experiences that stand out in the market.

GrowGeneration is a private company that specializes in the operation of hydroponic and organic gardening retail stores. The company focuses on capitalizing on the growing demand for home gardening and the legalization of marijuana. It serves as a marketer and distributor of a wide range of products essential for hydroponic gardening, including nutrients, growing media, advanced indoor and greenhouse lighting, ventilation systems, and various accessories. GrowGeneration operates through two main segments: the Cultivation and Gardening segment, which encompasses its hydroponic and organic gardening business, and the Storage Solutions segment, which includes its offerings in benching, racking, and storage solutions.

MariMed is a prominent player in the U.S. cannabis industry, focusing on the development, operation, and management of facilities for the cultivation, production, and dispensing of medical and adult-use cannabis. The company offers a range of services including design and operational consulting for cannabis cultivation centers and dispensaries, as well as legal compliance and business planning. It also assists with real estate site selection, facility buildout, and community outreach. In addition to operating its own facilities, MariMed licenses proprietary cannabis brands and collaborates with other established brands. Its revenue streams include product sales, real estate rental income, management fees, and licensing fees.

F/ELD is a cannabis brand based in Los Angeles, specializing in the ultra-premium segment of the cannabis market. As the industry experiences rapid growth with numerous brands emerging to appeal to mainstream consumers, F/ELD distinguishes itself by targeting a clientele that prioritizes quality above all else. The company is involved in the acquisition, development, and monetization of recreational cannabis products. Led by a team with over 30 years of combined experience in the cannabis sector, F/ELD is well-positioned to become a leader in the multi-billion dollar cannabis industry.

CLS Holdings USA, Inc. is a cannabis company based in Miami, Florida, founded in 2014, that specializes in the extraction and conversion of cannabinoids from cannabis plants. The company produces a variety of concentrates, including oils, waxes, edibles, and shatters, which are utilized for electronic cigarette vaporization and pharmaceutical applications. CLS Holdings USA also provides consulting services to cannabis-related businesses, including growers, dispensaries, and laboratories. The company operates through its Oasis Cannabis subsidiaries in Nevada and has plans for expansion into additional states. Its business model encompasses licensing, processing operations, product sales, brand development, and consulting, with a focus on delivering high-quality and consistent cannabinoid products.

GrowGeneration is a private company that specializes in the operation of hydroponic and organic gardening retail stores. The company focuses on capitalizing on the growing demand for home gardening and the legalization of marijuana. It serves as a marketer and distributor of a wide range of products essential for hydroponic gardening, including nutrients, growing media, advanced indoor and greenhouse lighting, ventilation systems, and various accessories. GrowGeneration operates through two main segments: the Cultivation and Gardening segment, which encompasses its hydroponic and organic gardening business, and the Storage Solutions segment, which includes its offerings in benching, racking, and storage solutions.

Plus Products Holdings Inc. is a California-based company that manufactures and distributes cannabis products, including medicinal and adult-use recreational cannabis. Founded in 2015, it operates through its subsidiary Carberry, LLC, and specializes in the production of dosed CBD gummies that contain zero THC. The company focuses on scalable distribution and has developed a range of intellectual property in the marijuana edibles sector. Plus Products is headquartered in Walnut, California, and aims to deliver its products directly to customers' doorsteps.