Green Peak Innovations Closes on $10 Million Mezzanine Financing

LANSING, Mich., September 26, 2019 – Green Peak Innovations, Michigan’s biggest holder of vertical healthcare marijuana licenses, now announced the completion of a $10 million round of mezzanine financing. Green Peak Innovations will use the capital to finance its planned expansion in Michigan and beyond.

“With our fourth retailer opening this month and a different 13 scheduled to open more than the subsequent six months, we are poised to substantially ramp our sales and operations in the coming months,” CEO Jeff Radway stated. “We are nicely on our way to becoming Michigan’s premier cannabis firm as the recreational market place opens up subsequent year.”

Green Peak has invested considerable capital into our two state-of-the-art and totally operational indoor develop facilities. This capital raise, in conjunction with our current partnership with Revolutionary Industrial Properties and anticipated constructive money flow, will facilitate additional expansion plans and strengthen our organizational capacity to fuel our fast development objectives.

CFO Al Gever

Canaccord Genuity and Beacon Securities acted as co-lead agents for this funding round.

About Green Peak Innovations

Green Peak Innovations (GPI) is a vertically integrated cannabis firm and the biggest license holder in the state of Michigan. With two state-of-the-art and totally-operational indoor develop facilities, the firm cultivates, processes, markets and distributes a complete variety of branded cannabis items such as Skymint™, North Cannabis™, Jolly™, Evoxe Laboratories®, Agata™ and St. Jade™ via each Skymint-branded retail retailers as nicely as wholesale distribution channels. GPI inspires folks to UNLOCK their mental, physical and spiritual possible via cannabis.

For additional facts, pay a visit to www.greenpeakinnovations.com

Supply: Corporation

 

Published by NCV Newswire

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