CALLING ALL CANNABIS ENTREPRENEURS: WIN $20,000!
Submit your idea to the High Five Pitch Competition by September 6th for a chance to win: $20,000 and by September 6th guaranteed shelf space in the NOXX Dispensary!
Forty Acres Enterprises is a Black-owned holding company that encourages growth and support amongst everyone in our community by launching authentic Black brands and companies. Currently, they have business in Real Estate, Development, Cannabis, and Food & Hospitality.
The company, whose name references the Civil War-era “40 acres and a mule” promise the federal government made to former slaves, has a straightforward mission: “To model Black excellence & wealth-building—showing the community that it can be done.”
The collaboration is an extension of the lasting partnership and friendship of Forty Acres Enterprises owner and NOXX co-owner Darel Ross and NOXX CEO and co-owner Tommy Nafso. Together a co-owned dispensary will open in August 2022 at 2440 28th St. SE, Grand Rapids, MI. The store will feature dedicated retail space for Forty Acres House of Cannabis products as well as flower, prerolls, edibles, concentrates and more from other top cannabis brands.
In addition to the dispensary partnership, NOXX will support Forty Acres as the premiere sponsor of The High Five Pitch Competition, a program dedicated to bringing the cannabis community that gives entrepreneurs a chance to win $20,000 and guaranteed shelf space at partner dispensaries based on a presented idea and five-minute sales pitch.
“We are honored to have the opportunity to work with Darel and everyone at Forty Acres House of Cannabis to support black entrepreneurs in the cannabis industry,” said Nafso. “NOXX is deeply interconnected with the Grand Rapids community—and we count ourselves fortunate to have such meaningful partnerships with established organizations like Forty Acres Enterprises.”
In addition to the dispensary partnership, NOXX will support Forty Acres as the premiere sponsor of the High Five Pitch Competition, a program dedicated to bringing the cannabis community that gives entrepreneurs a chance to win $20,000 and guaranteed shelf space at partner dispensaries based on a presented idea and five-minute sales pitch.
The competition is one facet of Forty Acres’ High Five “Pitch to Placement” Accelerator Program—a series of cohorts that provide marketing, technical assistance, brand creation resources and access to investment capital. The grassroots effort centers on creating a retail platform for startups, coupled with a business accelerator, to celebrate the cannabis culture of Grand Rapids and keep jobs and social-equity opportunities local. Select participants will be able to pilot their products in local dispensaries and other wholesale marketplaces. Ross said the accelerator program is an industry ‘game changer’ that will allow local cannabis startups and startups of color access to investment, distribution & wealth in the cannabis industry.
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