Truth Enterprises operates licensed B2B cannabis verticals across California, with a distribution arm (lbs. Distribution), manufacturing (Omni Manufacturing), and cultivation operations (Apex Agriculture, S&R Pharms). The company distributes multiple branded products (including Puff pre-rolls and vapes, West Coast Treez, Simply Cannabis, High Desert Pure, Elevation Extract, Jerome Baker Designs, and others) and offers white-label manufacturing and processing services. Truth is pursuing an aggressive sales push in Southern California while remaining centrally positioned with lbs. Distribution in West Sacramento to serve Northern California. Founded in 2017, the company emphasizes transparent, licensed operations and aims for business fundamentals and cash-flow positivity. CEO Ross Haley—who oversaw the 2015 sale of General Hydroponics to Scotts Miracle-Gro for about $130 million and more recently sold GrowBiz to GrowGeneration Corp.—said the funding will help accelerate growth. The company holds BCC license number C11-0001053-LIC.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2021