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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Editor’s note: Franklin Street was represented by Tony Gannacone, a director based in Fort Lauderdale, and Steve Bennett, a senior director in the Atlanta office. David Engel represented Full Moon Investments in the transaction.