Marijuana firm Holistic Industries raises $55 million

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Washington DC-primarily based Holistic Industries, a multistate cannabis operator, closed $55 million in financing at a time when a lot of other MJ firms are struggling to raise capital.

Holistic Industries plans to use the $55 million to “accelerate expansion” and to superior serve individuals and buyers who use its cannabis merchandise, the corporation stated in a statement.

The privately held firm, which at the moment operates in 5 states and the District of Columbia, did not promptly respond to Marijuana Organization Each day for specifics on the supply of its funding and specifics on how it plans to use the dollars.

In 2017, Holistic Industries raised $three million from a pair of investment firms with ties to Florida’s healthcare marijuana marketplace.

In addition to the District of Columbia, the corporation has operations in:

  • California.
  • Maryland.
  • Massachusetts.
  • Michigan.
  • Pennsylvania.

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