Copperstate Farms

What Copperstate Farms does

Copperstate Farms is a vertically integrated Arizona cannabis operator founded in 2016. The company cultivates cannabis in one of the largest greenhouse facilities in North America — 1.7 million square feet of canopy across 40 acres under glass at 5,616 feet elevation in Snowflake, Arizona — using natural sunlight, living soil, and solventless and hydrocarbon extraction methods. It operates approximately 50 strains in production with another 50 in development, and runs an in-house hydrocarbon and solventless extraction lab expanded in 2021.

The company generates revenue through two channels. Direct-to-consumer sales flow through nine Sol Flower retail dispensaries across Phoenix, Scottsdale, Tempe, Tucson, and Sun City, selling flower, pre-rolls, vaporizers, concentrates, edibles, and accessories to medical and recreational consumers following Arizona's adult-use launch in January 2021. B2B wholesale distribution through the company's online portal serves other licensed Arizona dispensaries, with Copperstate claiming the #1 wholesale position in the state. The product portfolio spans multiple owned sub-brands (Sol Flower, Copperstate house brand, Uncle X, Jukebox, Grand Cannabis Co.) and partner brands (DNA Genetics, Moxie).

Copperstate employs approximately 350 people and is the second-largest employer in Snowflake. The executive team, built out between 2020 and 2022 under CEO Fife Symington, includes a CFO, COO, and VP of People. The company is privately held as Copperstate Farms, LLC, headquartered in Tempe, Arizona, with a single disclosed funding round of $35.7 million from Poseidon Asset Management in 2017 and selective license acquisitions (Level Up Cannabis in 2020) used to build out the retail footprint.

Name

Copperstate Farms

Legal name

Copperstate Farms, LLC

Website

https://copperstatefarms.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Copperstate Farms is a vertically integrated Arizona cannabis operator running 1.7 million square feet of greenhouse cultivation and nine Sol Flower dispensaries, serving medical and recreational consumers while wholesaling to other Arizona dispensaries as the state's #1 wholesaler.

Ownership category

akta.pro rank

Product category

Cannabis Cultivation and Retail

NAICS

Greenhouse, Nursery, and Floriculture Production (1114)

SIC

Medicinal Chemicals & Botanical Products (2833)

akta.pro primary industry

Medicinal Plant Farming (Botanical/Pharmaceutical Crops) (AFAGAGAE)

akta.pro secondary industry

Independent/Single-Location Cannabis Dispensaries (CRANAFAE)

Keywords

• Greenhouse cannabis cultivation
• Cannabis wholesale distribution
• Cannabis dispensary retail
• Solventless cannabis extracts
• Medical marijuana products

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Retail Dispensary Sales: Direct sales to consumers through 9 Sol Flower dispensary locations across Arizona, selling flower, pre-rolls, vaporizers, concentrates, and edibles. Recreational sales began January 28, 2021 in Arizona.
2. Wholesale Distribution: B2B sales of cannabis products to other licensed dispensaries throughout Arizona. Copperstate Farms is the #1 wholesale cannabis company in Arizona, offering flower, concentrates, and branded products through their wholesale portal.
3. Brand Licensing: Licensing of proprietary brands including Copperstate, Jukebox, Uncle X, and Sol Flower to dispensaries. Partnership with Moxie for extract products in Arizona.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Copperstate Farms is a vertically integrated cannabis producer that cultivates sungrown cannabis in 1.7 million square feet of greenhouse canopy at its Snowflake, Arizona facility, processes it via hydrocarbon and solventless extraction labs, and distributes the resulting flower, pre-rolls, vaporizers, concentrates, and edibles through nine Sol Flower retail dispensaries and a B2B wholesale portal serving other licensed Arizona dispensaries. The company operates multiple brands (Sol Flower, Copperstate, Uncle X, Jukebox, Grand Cannabis Co.) and partner brands (Moxie, DNA Genetics).

Product overview

Copperstate Farms operates as a vertically integrated cannabis company with over 1.7 million square feet of greenhouse canopy in Snowflake, Arizona. The company offers a diverse portfolio spanning multiple sub-brands (Sol Flower dispensaries, Uncle X, Copperstate house brand, Jukebox) and partner brands (Moxie), alongside an extensive product range including flower, pre-rolls, vaporizers, concentrates, edibles, and accessories. Sol Flower operates nine retail dispensaries across Arizona, while the company's wholesale operations serve as the #1 cannabis wholesaler in Arizona. The company also holds interests in Grand Cannabis Co. premium lifestyle brand.

Differentiator

Problem solved

Functional benefit

Brands

• Sol Flower: Cannabis community and dispensary & wellness center. Nine Arizona-based locations creating safe and welcoming space for cannabis education and wellness.
• Uncle X
• Jukebox
• Grand Cannabis Co.
• Moxie
• DNA Genetics

Products and services

• Flower

Quantifiable outcome

• 40 acres under glass
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Cloth & FlameminorGTM or Marketing Partner · 17 April 2023Partnership for cannabis dining experiences, including 4/20 and High Tea events at Sol Flower dispensaries. Combines culinary experiences with cannabis education.
• Arizona Trail AssociationminorGTM or Marketing Partner · 13 September 2022Partnership with Arizona Trail Association supporting outdoor recreation and trail access in Arizona. Reflects company's connection to Arizona communities and outdoor lifestyle.
• Health Lifestyle BrandscoreStrategic or Co-development Partner · 18 January 2022Joint venture to create Grand Cannabis Co., which revitalized 'Good Things Coming' into a premium lifestyle brand under Copperstate Farms. Grand Cannabis Co. focuses on lifestyle and consumer products.
• Last Prisoner ProjectminorGTM or Marketing Partner · 17 September 2020Campaign partnership to raise $100,000 over a ten-month campaign supporting criminal justice reform and prisoners affected by cannabis prohibition.
• DNA GeneticscoreStrategic or Co-development Partner · 21 May 2019Strategic partnership bringing DNA Genetics cannabis genetics and brand to Arizona market. DNA Genetics is an internationally recognized cannabis brand known for award-winning genetics. Copperstate Farms introduced DNA Genetics products to the Arizona wholesale market in 2020.
• MoxiecoreStrategic or Co-development PartnerPartnership with Moxie, a recognized leader with over 90 global industry awards for cannabis extracts. Moxie uses pharmaceutical-level processes to produce superior-quality, all-natural cannabis extracts in California, Nevada, and Pennsylvania. The partnership serves Arizona market.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/copperstate-farms

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Copperstate Farms