Shortly thereafter, the company closed its acquisition of Boulder, Colorado-based SevenFive Farm, a 17,000 square feet light deprivation greenhouse. Over the last two months, General Cannabis became only the second publicly traded cannabis company approved by the State of Colorado’s Marijuana Enforcement Division (the “MED”) to acquire licensed cultivation, manufacturing and retail cannabis operations throughout the state of Colorado. The investment is another important step in General Cannabis’ Colorado-based expansion strategy. The investment will be funded by Hershey Strategic Capital LP and Shore Ventures III, LP, entities led by managing member Adam Hershey. ( CANN), the leading publicly traded Colorado cannabis company, announced today that it has reached an agreement that will bring up to $3 million in strategic growth capital to the company. Investment by Hershey Strategic Capital LP and Shore Ventures III, LP will significantly strengthen balance sheet and enable the Company to leverage its position as one of the only publicly traded companies approved to acquire licensed cannabis assetsĭENVER, J(GLOBE NEWSWIRE) - General Cannabis Corp.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |