Foley Represents Cannabis Startup NOXX in $15M Debt Financing | News | Press Releases



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

NOXX is a cannabis-focused startup that brings the best brands to the best prices through innovation, quality and inclusiveness. From a global retail, wholesale, e-commerce and delivery perspective, NOXX offers an unparalleled experience to meet customers where they want to shop. Together with Altmore Capital, NOXX is poised to become a dominant force in reinventing the way consumers buy 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 in the supporting and peripheral industries. The cannabis industry team includes a thorough bench of over 80 attorneys nationwide and in Mexico City.

About Foley & Lardner LLP

Foley & Lardner LLP is a leading law firm that sits at the crossroads of energy, healthcare and life sciences, innovative technologies and manufacturing. We look beyond the law to focus on the ever-changing demands facing our clients and act as trusted business advisors to provide creative, practical and effective solutions. Our 1,100 lawyers in 25 offices around the world partner on the full range of engagements, from corporate counsel to intellectual property work and litigation assistance, providing our clients with a one-team solution for all their needs. For nearly two centuries, Foley has maintained its commitment to the highest level of innovative legal services and to the stewardship of our employees, our firm, our clients and the communities we serve.

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