Most of the 88 licensed craft growers in Illinois have been unable to attract enough capital, but Cannect Wellness sold ownership shares.
Cannect Wellness co-founder and COO David Michaud, right, and head of cultivation Jake Heller inspect construction on their craft cannabis growing facility in Franklin Park on Jan. 25, 2023.While most of the 88 licensed craft growers in the state have been unable to attract enough capital to open, Cannect Wellness announced Tuesday that it has raised $7.5 million to begin operations this summer.Cannect did it by selling shares of ownership, or equity, which craft growers are allowed to do.
Cannect Wellness had an advantage in that its founders had business experience and money. Michaud is a corporate attorney, and co-founder and CEO Gabe Singal worked in health care technology business development. They had previously formed a company to invest in medical office buildings. They teamed up with Danual Berkley, an African American Springfield firefighter, U.S. Army veteran and children’s author, who qualified for licensing advantages as a social equity licensee.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
California state parks in Big Sur will require months of repairDamages at Pfeiffer Big Sur State Park and Andrew Molera State Park came after torrential rains caused the Big Sur River to flood at staggering levels.
Lire la suite »
Franklin Graham Decries Democrat ‘Bullying’ over Abortion PillProminent Evangelical pastor Franklin Graham has praised Walgreens and other stores that are refusing to sell the abortion pill in pro-life states despite Democrat bullying.
Lire la suite »
WSJ News Exclusive | Jamie Dimon Leading Efforts to Craft New First Republic Bank Rescue PlanBreaking: JPMorgan Chase CEO Jamie Dimon is leading discussions with the chief executives of other big banks about fresh efforts to stabilize troubled First Republic Bank
Lire la suite »
After enduring 13-6A, College Park eyes first playoff win since 2019College Park is back in the playoffs for the eighth straight year, but are looking for...
Lire la suite »
Park View athlete wins points title at 7th grade girls district meetIn all, five girls scored 20 or more points, indicating how close the race for points champion was
Lire la suite »
Accused Drunk Driver Kills 1 in Bedford Park Head-On CrashPolice in south suburban Bedford Park have arrested an alleged drunk driver who struck another vehicle late Friday, killing one person, according to authorities.
Lire la suite »