Navy Capital

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C3 Industries LLC, established in 2018 and headquartered in Ann Arbor, Michigan, is a vertically integrated cannabis company. It produces and retails high-quality cannabis products, operating cultivation facilities, manufacturing plants, and retail stores across multiple states. Founded by brothers Ankur and Vishal Rungta alongside long-time friend Joel Ruggiero, C3 Industries is committed to crafting premium cannabis products for both medical and recreational markets.

Sanity Group is a European cannabis company established in 2018 and headquartered in Berlin, Germany. The company is dedicated to enhancing quality of life through the health benefits of cannabinoids, focusing specifically on non-psychoactive variants. Sanity Group develops consumer products aimed at improving health and wellbeing, making these offerings accessible to pharmacies and clinical institutions for medicinal purposes. Through its commitment to scientific research, the company seeks to unlock the potential of cannabinoids in the health and life sciences sectors.

Connected Cannabis is a vertically integrated cannabis company based in Sacramento, California, specializing in the cultivation of high-end, designer cannabis strains. The company focuses on creating products with immaculate terpene profiles, resulting in intense and distinct flavors, aromas, and colors. Through its dispensaries, Connected Cannabis manufactures and sells both recreational and medicinal cannabis products, appealing to discerning consumers who seek quality. By emphasizing innovation in strain development, the company positions itself as a leader in the cannabis industry, catering to connoisseurs who appreciate superior cannabis experiences.

4Front Ventures is a cannabis company headquartered in Phoenix, Arizona, focused on cultivating long-term success in the cannabis industry. Established in 2011, the company engages in the cultivation, processing, extraction, manufacturing, and distribution of cannabis products across two primary segments: THC Cannabis and CBD Wellness. The THC Cannabis segment is dedicated to the production and distribution of THC cannabis products, supplying both owned dispensaries and third-party retailers. In contrast, the CBD Wellness segment specializes in the production and sale of CBD products to third-party customers. 4Front Ventures leverages its extensive management skills and operational expertise to navigate the evolving landscape of cannabis legalization, ensuring a commitment to quality and innovation throughout the value chain.

Cann specializes in producing low-dose tetrahydrocannabinol (THC) beverages. Their products offer all-natural flavors, made from natural citrus and herbal extracts with a touch of agave nectar. These beverages are vegan, gluten-free, contain no artificial sweeteners or preservatives, and aim to provide consumers with a light, refreshing social buzz while avoiding the typical cannabis taste.

1906 is a cannabis wellness brand focused on fast-acting, functional products designed to support specific wellness goals such as sleep, focus, relaxation, energy, and intimacy. Founded in 2016, the company uses proprietary rapid-onset technology to deliver effects within about 20 minutes, enabling precise dosing and a reliable experience for health-conscious adults. The product line blends cannabis with ethnobotanicals to provide low-dose, rapid-onset effects that aim to enhance daily routines for professionals, athletes, and wellness enthusiasts. 1906 positions itself in the premium wellness segment and distributes through licensed retailers in states where cannabis is legal and via a direct-to-consumer platform launched in 2023, broadening nationwide access. The brand emphasizes wellness applications beyond recreation, integrating cannabis into modern lifestyles as a tool for everyday health.

Connected Cannabis is a vertically integrated cannabis company based in Sacramento, California, specializing in the cultivation of high-end, designer cannabis strains. The company focuses on creating products with immaculate terpene profiles, resulting in intense and distinct flavors, aromas, and colors. Through its dispensaries, Connected Cannabis manufactures and sells both recreational and medicinal cannabis products, appealing to discerning consumers who seek quality. By emphasizing innovation in strain development, the company positions itself as a leader in the cannabis industry, catering to connoisseurs who appreciate superior cannabis experiences.

GrowGeneration operates specialty retail stores focused on hydroponic and organic gardening. It markets and distributes a range of products including nutrients, growing media, advanced lighting systems, ventilation equipment, and accessories for hydroponic gardening.

MariMed, a multi-state cannabis operator, develops and manages cultivation, production, and retail facilities. It operates brands including Betty's Eddies, Bubby's Baked, Vibations, InHouse, and Nature's Heritage. The company also provides advisory services to operators, including design, development, operations, financing, licensing assistance, real estate site selection, compliance, systems design, managed services for cultivation, production, distribution, business planning, financial modeling, community outreach, education, facility buildout, and business acceleration.

F/ELD is a Los Angeles-based cannabis brand that specializes in the ultra-premium segment of the cannabis market. The company focuses on delivering high-quality products to discerning customers who prioritize excellence over mainstream options. With a leadership team that boasts over 30 years of combined experience in the cannabis industry, F/ELD is positioned to become a significant player in the rapidly growing multi-billion dollar cannabis sector. The company's operations encompass the acquisition, development, and monetization of recreational cannabis products, distinguishing it from numerous competitors that target more mainstream consumers.

CLS Holdings USA, Inc. is a diversified cannabis company based in Las Miami, Florida, founded in 2014. It specializes in the extraction and conversion of cannabinoids from cannabis plants into concentrates, including oils, waxes, edibles, and shatters. These products are used for electronic cigarette vaporization and various pharmaceutical applications. In addition to its production capabilities, CLS Holdings offers consulting services to cannabis-related businesses, such as growers, dispensaries, and laboratories. By utilizing a patented method of cannabinoid extraction, the company aims to ensure consistency and quality in its offerings. CLS Holdings operates through its Oasis Cannabis subsidiaries in Nevada and has plans for expansion into other states, supporting a comprehensive business model that includes licensing, processing, product sales, brand development, and consulting.

GrowGeneration operates specialty retail stores focused on hydroponic and organic gardening. It markets and distributes a range of products including nutrients, growing media, advanced lighting systems, ventilation equipment, and accessories for hydroponic gardening.

Plus Products, established in 2015, is a California-based company that specializes in the production and distribution of cannabis-infused edibles, with a focus on CBD gummies containing zero THC. The company, operating under the subsidiary Carberry, LLC, is known for its scalable distribution network and strong intellectual property portfolio. Plus Products' offerings cater to both medicinal and adult-use recreational markets, ensuring high-quality, consistent, and dosed products.