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Washington DC medical marijuana firm raises $3 million in financing

by / No Comments / 0 View / September 22, 2017

By Bart Schaneman

Holistic Industries, a medical marijuana company based in Washington DC, has raised $3 million from a pair of investment firms with ties to Florida’s MMJ industry.

Franklin Street, which has principals in Florida and Georgia, partnered with Full Moon Investments, a private fund adviser, to finance the deal, according to a news release.

The transaction was funded with $3 million in cash in exchange for convertible notes from two grower/processor licensees in Washington, DC.

According to the release, Full Moon – which provides capital and consulting services to medical and recreational cannabis businesses – has raised $37 million

Washington DC medical marijuana firm raises $3 million in financing is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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