16 Oct 2017

$20M sale of Pennsylvania MMJ grower, permit is suspended

A Pennsylvania marijuana cultivation business that had put itself on the block for $20 million has pulled the plug on the sale after the state’s governor threatened to revoke the company’s coveted new license. Franklin Labs, which was put up for sale this year after winning one of 12 MMJ licenses, is led by John Hanger, a former adviser to Pennsylvania Gov. Tom Wolf. In a letter, the director of the state Office of Medical Marijuana called the sale proposal “disturbing,” and on Monday Franklin Labs “took the offer off the table,” the Philadelphia ... $20M sale of Pennsylvania MMJ grower, permit is suspended is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


InvestInCannabis.com - Homepage Request Form

Request an Invitation

eCann Media is proud to showcase our portfolio of investments and subsidiaries. We have completed numerous investments across multiple verticals and sectors in the cannabis industry. Requesting an invitation will enable the eCann team to consider your eligibility for investment as well help us to identify the opportunities that best fit your needs and investment objectives.


Captcha

Please enter the characters you see in this picture:

Visual CAPTCHA

This helps prevent automated form submissions. If you are not sure what the characters are, make your best guess. You will have another try in the next screen.
Can't see the image? Click here for an audible version in English.

Need assistance with this form?