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 improved serve sufferers and customers who use its cannabis goods, the enterprise mentioned in a statement.

The privately held firm, which presently operates in 5 states and the District of Columbia, did not instantly respond to Marijuana Company Every day for particulars on the supply of its funding and particulars on how it plans to use the cash.

In 2017, Holistic Industries raised $three million from a pair of investment firms with ties to Florida’s health-related marijuana industry.

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

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

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