NUG is a vertically integrated, state-licensed California cannabis company that manages cultivation, extraction, distillation, R&D, manufacturing, wholesale distribution, and retail. Founded in 2014 and based in Oakland, it operates one of California's largest manufacturing processing centers and its products are represented in more than 80 percent of the state's dispensaries. The company reports annual revenues in excess of $35 million and said 2018 surpassed revenue projections with heightened momentum into 2019. NUG's core products include award-winning edible and smokable items developed at its Oakland facilities through trailblazing R&D and post-processing laboratories. The company plans to expand its three key pillars—manufacturing, distribution and branding—including a new retail venture; it opened a flagship Sacramento store as the first of five stores planned for 2019. NUG intends to use new capital to elevate its role as a dominant brand and to support its seed-to-sale operations and continued growth.

Total raised

$15M

Funding rounds

1

Latest round

Series A

Latest activity

May 2019