Henry’s Original Closes Series B Investment Round at $11 Million Led By Merida Capital Partners
Aug five, 2019 — New York — Henry’s Original (Henry’s), a private California-primarily based vertically-integrated cannabis business and brand, announced it closed a Series B investment led by Merida Capital Partners (Merida), a private equity firm focused solely on the cannabis and hemp industries. Henry’s intends to use the funds to expand its cultivation, processing, sales and marketing and advertising operations. This investment round also incorporated investments from Large Rock Partners, Delta Emerald Ventures and funds managed by JW Asset Management. The majority of Series A investors also invested in this round as nicely.
Henry’s, produces Clean Green-certified flower and pre-roll goods that are cultivated completely in Mendocino County, California. The business holds thirteen state licenses which contains nursery, cultivation, processing, distribution and a retail dispensary license. The business has extra than 100,000 square feet of cultivation in California.
As a business that represents the legacy of Mendocino County loved ones-farmers and original rebels in the cannabis revolution, we are excited to companion with some of the most strategic, thoughtful visionaries in the space.
Henry’s Chief Executive Officer Jamie Warm
Merida’s diverse group of specialists fully grasp and are particularly supportive of our vision to scale our hand-crafted customer packaged goods with a regional identity in California as nicely as new markets about the nation.
“As a single of the major pre-roll and pre-packaged flower organizations in California in all round sales, this investment positions us to scale our operations, continue to shore up the provide chain and drive development,” mentioned Henry’s President and COO Joshua Keats.
Henry’s is nicely-positioned to obtain substantial marketplace share in California, the most significant marketplace in the nation and the planet, and Merida sees the possible to elevate the business as it crosses the fragmentation gap geographically in and outdoors of the Golden State.
Mina Mishrikey, companion at Merida
With a strong legacy, brand identity and farm-direct, sun-grown, Clean Green Certified goods, Henry’s is a best match for our portfolio. We appear forward to adding worth to the business as it expands its operations and operating closely with Jamie, Josh, and their group.
Henry’s higher-excellent genetics are tested to assure its goods, which incorporate flower, pre-rolls, singles and a flower vape pen, meet and surpass California State requirements, which are some of the strictest agricultural requirements in the planet. At present, Henry’s goods are out there in extra than 250 dispensaries across California, such as at The Apothecarium, Harborside, Harvest SF, MedMen, Blum and numerous other people.
For extra information and facts, stop by https://henrysoriginal.com and https://www.meridacap.com/.
About Henry’s Original
Henry’s Original (Henry’s) is a private California-primarily based vertically-integrated cannabis business and brand, whose common flower and pre-roll goods are cultivated completely in Mendocino County. Henry’ higher-excellent genetics are tested to assure its goods, which incorporate flower, pre-rolls, singles, and flower vape cartridges in 15 distinct seasonal varieties of THC- and CBD-heavy variants, which meet and surpass California State requirements. These requirements are some of the strictest agricultural requirements in the planet. At present, Henry’s goods are out there in extra than 250 dispensaries across California, such as at The Apothecarium, Harborside, Harvest SF, MedMen, Erba and other people. For extra information and facts, stop by https://henrysoriginal.com or comply with us on Instagram @henrysoriginal, @roccosroadtrip and @henrysoghouse.
About Merida Capital Partners
Merida Capital Partners is a private equity firm targeting basic development drivers which accelerate the speedy improvement of the cannabis and hemp industries. Merida’s motto, Accountable Investing across the Cannabis Ecosystem, highlights its concentrate on cultivation technologies, goods and solutions related with the evolution of cannabis and hemp as agricultural goods, plant-primarily based medicines, constituents in pharmaceutical formulations and recreational customer goods. For extra information and facts, stop by www.meridacap.com or comply with us on Twitter @meridacap.
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