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Washington DC medical marijuana firm raises $3 million in financing

https://mjbizdaily.com/washington-dc-medical-marijuana-firm-raises-3-million-financing/

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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Brian Wroblewski

Brian Wroblewski has a passion for writing, travel, food and family. Since working in and around the cannabis industry since 2008, Brian brings a unique perspective to the cannabis journalism space. With a focus on emerging brands, moving the cannabis industry forward and an undeniable passion for truth in business and journalism, find some of Brian's posts across the web on digital marketing, cannabis and a variety of different topics.

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