PORTLAND-BASED FORM FACTORY INC. FOODS PARTNERS WITH VERTICAL COMPANIES TO BRING INFUSED PRODUCTS TO VAST CALIFORNIA CANNABIS MARKET

PORTLAND-BASED FORM FACTORY INC. FOODS PARTNERS WITH VERTICAL COMPANIES TO BRING INFUSED PRODUCTS TO VAST CALIFORNIA CANNABIS MARKET

Pleased to share our new partnership with Form Factory Inc. Foods!  Exciting times!

PORTLAND-BASED FORM FACTORY INC. FOODS PARTNERS WITH VERTICAL COMPANIES TO BRING INFUSED PRODUCTS TO VAST CALIFORNIA CANNABIS MARKET 

Form Factory Inc. to Build Full Production Facility at Vertical’s Needles Campus To Produce a Wide Range of Edibles

Portland, OR – August 6, 2018 – Portland-based cannabis products co-packer Gruner Apfel, now known as “Form Factory Inc.,” and Vertical Companies of Agoura Hills, CA, today announced a joint partnership where Form Factory Inc. is scheduled to build a full production facility at Vertical Companies’ licensed Needles, CA, campus to co-pack an array of new infused products for the California medical and adult recreational cannabis market.

The facility is the first California Form Factory Inc. co-packing facility to open under its Form Factory Inc. partnership with MacArthur Capital.

“I met the Vertical principals through YPO, and their experience from food and beverage is very strong,” said Todd Boren, MacArthur Capital Managing Partner. “It’s a tremendous partnership that will enable us to expand throughout California.”

Form Factory will manufacture the branded cannabis edibles for the California market. Vertical cultivation and extraction will provide raw cannabis ingredients, and Vertical distribution will bring these products to licensed retailers throughout the state.

“Form Factory brings deep expertise in the manufacture of edible products—a strong management team, a focus on quality, and a relentless pursuit of delivering a safe and predictable consumer experience,” explained Vertical President J. Smoke Wallin. “These qualities are what we look for to bring a broad array of the highest quality cannabis products to our markets. It’s the perfect addition to our rapidly expanding BCAA-licensed Needles, CA, operations.”

Led by food and beverage industry veteran Tony Bash, former VP of Sales for innovative food, beverage, and spirits giant LiDestri, Form Factory Inc. Foods is the first food and beverage packing company licensed by the Oregon Liquor Control Commission (OLCC)’s Recreational Cannabis Division. The company is currently packing products for a rapidly expanding list of edibles, beverage, and topical brands.

 

About Form Factory Inc. Foods

Form Factory Inc. Foods is the first Oregon-based company licensed by the OLCC’s Recreational Marijuana Program to pack and bottle cannabis-based food and beverages. The company covers all aspects of production, from concept to final execution, using modern equipment, professional packaging, and decades of experience in the industry. It is Form Factory Inc. Foods’ mission to package and bottle the healthiest, freshest products for the cannabis food and beverage industry.

 

About Verticalâ„¢

Vertical is among the first and largest vertically integrated companies in the legal medical cannabis industry. It has operations in AZ, KY, and CA, combined with strategic partnerships in OH and additional markets which position it well to take advantage of the legalization and normalization of cannabis globally. Vertical is led by an executive team of entrepreneurs and business leaders from the alcohol beverage, agriculture, CPG, distribution, entertainment, food, healthcare, and medical industries.

Standing Up: A Personal Journey To The Legal Cannabis Industry

Standing Up: A Personal Journey To The Legal Cannabis Industry

I never imagined I’d be writing about this topic. For 25 years, I’ve enjoyed an amazing journey as a serial entrepreneur building companies and brands, leading companies in the beer, wine and spirits, distribution, and technology industries. The alcohol industry has been good to me and to my family.

Other than a little exposure in college, I have not been around marijuana. A few years ago, I met a bunch of U.S. Marines. Travis McVey created Heroes Vodka and I helped him launch the brand. His friend Stephen told me a story that has stayed with me. Stephen Cochran served as part of the 2nd (LAR) Light Armored Reconnaissance Battalion, 1st Marine Expeditionary Force. He served in Iraq and Afghanistan and was severely injured on patrol. Stephen spent nearly a year in hospitals paralyzed, unable to a walk. After undergoing an experimental procedure at Vanderbilt, he was miraculously able to walk again. Stephen said,

“In recovery, I suffered from extreme pain and Doctors prescribed me every prescription medicine you could imagine. The pain meds nearly killed me. That is when I turned to cannabis. Today I’m raising my family, writing, and performing music. I give back to veterans wherever and whenever I can ( Semper Fi Fund). Medical cannabis is the reason I can do these things today. It saved my life and the lives of many of my fellow veterans.”

This conversation opened my eyes to the many benefits of cannabis. There are more than 50 medical conditions for which cannabis is legally recognized as some form of therapy or medicine including Alzheimer’s, anorexia, arthritis, cancer, chronic pain, epilepsy, and post-traumatic stress disorder. I’ve come across people suffering with chronic pain and others going through cancer treatment. Cannabis allows them to live their lives without the destructive side effects of opioid based pain medicines. The more I learned about the benefits of cannabis to people suffering, the more research I did to understand the industry. Based on this, I’ve come to believe that its place in society needs to change.

BEVERLY HILLS, CA – FEBRUARY 15: Al Harrington (L) and Viola Harrington arrive at exNBA Star Al Harrington Launches New CBD Business at Wolfgang’s Steakhouse on February 15, 2018 in Beverly Hills, California. (Photo by FilmMagic/FilmMagic)

Al Harrington is a 16-year NBA great and cannabis entrepreneur. I used to watch Al at Pacer’s games. Al found his way into medicinal cannabis and CBD to treat his pain from a botched knee surgery. He tells a funny story about recommending medical marijuana to his grandmother Viola. She suffered from multiple ailments, and after some initial resistance, she tried it and immediately felt better. His cannabis brand, Viola, was soon born. He also has his Harrington Wellness line of CBD. Al’s story is genuine. In an interview with Al, former NBA commissioner David Stern pronounced that the laws and rules need to change around cannabis (See Al Harrington and David Stern). Al, and my friend, musician, and NFL great Kyle Turley, have been outspoken advocates for awareness and change. It’s clear, cannabis prohibition and the aggressive pursuit of its enforcement have also particularly ravaged the African American community.

The opioid epidemic is destroying lives, families, and devastating whole communities. I personally have more than one friend who has lost a (grown) child recently, due to accidental overdose or tainted product. We must do something to stop this epidemic. Doctors overprescribing opioids is one of the primary causes. Many patients start out with legal prescriptions and become addicted. They then turn to the illegal market to meet their addiction needs. Cannabis can be used to help wean people off these destructive drugs. Ideally, it could be prescribed to avoid opioid abuse in the first place. It is a legitimate part of the solution. Given this, I decided to find out how I could make a difference.

I attended the MJ Business conference in Las Vegas and networked with Young Presidents Organization (YPO) and other friends. I wanted to figure out how I could play a positive role in this emerging industry. I did some research to understand what led to the abrupt prohibition of cannabis in the US in 1937. I learned that Indianapolis pharmaceutical powerhouse, Eli Lilly was in the cannabis business until the prohibition. Cannabis prohibition seems to have been motivated by a combination of racism and the business interests of a few that had political influence (Why Is Marijuana Illegal). I learned that many feel the ratcheting up of cannabis to a Schedule I drug (the same as Heroin) in 1970 also had racist motivations. It was certainly not based on science.

The American public now overwhelmingly supports cannabis legalization, with over 64% in favor according to Gallop. It is more popular than any current politician. State by state, citizens have made local option the law of the land. There are now 30 states plus Washington DC where medical cannabis use is legal. There are 9 states where adult recreational use is now legal. This is a prime example of the importance of state’s rights leading the way.

As the industry has come out of the shadows of illegal activity and into the light of permitted activities in many states, incredible entrepreneurial spirits have been unleashed. I feel the excitement of being at the forefront of another Repeal of Prohibition. This time though, we have the added dimension of extraordinary medical benefits. Drawing from my 25+ years in the beverage alcohol business, I see many parallels to the industry I know well. The legal framework around local option, licensing and taxes are similar to alcohol beverage laws in many respects. Constellation Brands [STZ] recent $191 million investment into Canopy Growth [WEED] further convinced me that this developing industry is going mainstream.

Legal cannabis is likely to rival the Beer, Wine and Spirits categories and exceed $50 billion annually in the coming years. Some analysts predict the US industry over $100 billion. Regardless of the number, it is and will be massive.

I met my partners Todd Kaplan and Courtney Dorne through YPO last year. I joined the team at Vertical Companies as a partner, President of Distribution and Chief Marketing Officer in January 2018. I could not be more excited in this venture, building a large scale new enterprise in the emerging cannabis space. One of my objectives will be to play my part in bringing the right coalitions together to address and correct the State vs Federal conflict that exists today.

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