Over the past few years, the cannabis industry has seen billions of dollars get injected into the market and it almost seemed as if the investment funds would never stop rushing in. Unfortunately, they did and most companies where overspending on both OpEx and CapEx as many plans were predicated on continually raising capital to sustain growth without near term revenue-generating plans. This has been a major roadblock for not only potential investors in the cannabis industry, but for those companies already established. Growpacker, a THC and CBD manufacturer based out of Desert Hot Springs, California, was faced with this exact issue. How do you start and scale a new company in an industry that is already fighting over cash? Growpacker was lucky in raising over $12M in initial funding, with 90%+ of that capital going towards hard assets such as their 28,000 sq ft facility that is not only company-owned but fully customized and automated with manufacturing equipment set with custom facility modifications. Now that it is time to grow the business, there need to be incentives for not only Growpacker itself but for the industry as a whole, and it appears they are headed in the right direction.
Growpacker’s solution to this rising problem is to accelerate the growth of the cannabis industry by offering a manufacturing and distribution platform that allows any brand to participate in the market without exposure to risk. By taking a bifurcated approach on the industry, Growpacker has the ability to manufacture products for both the regulated cannabis market (dispensaries) as well as the open market for products that are CBD only (grocery, convenience store, etc). They have licensed several patented THC & CBD infusion technologies, allowing them to design and manufacture the most premium cannabis-infused products on the market, including both water and oil-based products. This includes a unique THC beverage manufacturing protocol and emulsification and infusion technology that ensures the stability of THC infused beverages (One of the industry’s biggest problems).
Some Key Things to Note About Growpacker:
– Cutting-edge automated manufacturing processes
– Protocols brought in from the consumer packaged goods industry
– Multinational partnerships with significant partners such as Symrise
– Turn key formulations with the ability to launch any infused beverage or edible (largest portfolio in the
industry)
The company’s success comes in a few forms with the most recent being the recent influx of large brands who have chosen Growpacker as their preferred manufacturing partner. Their core focus now is in supporting a handful of market-leading brands that will represent most of their annual revenues.
If you’re interested in partnering with Growpacker or simply looking for more information, click here
