Colorado marijuana retail chain gets $7.5M loan for expansion
One of Colorado’s biggest cannabis retail chains wants to get even larger: The Green Solution, which has 13 locations across the state, revealed Tuesday it has secured a $7.5 million loan from iAnthus Capital Holdings, a cannabis-focused Canadian financing company.
The loan “will allow us to add multiple licenses and stores for the Colorado market in 2017,” The Green Solution’s co-CEO, Kyle Speidell, said in a news release. The company plans to open at least five more retail locations this year in Colorado, according to the release.
The Green Solution already has cannabis business interests in Florida, Illinois
Colorado marijuana retail chain gets $7.5M loan for expansion is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs