Cannabis-Rx Announces $30 Million Financing
April 09 2014 - 8:00AM
Business Wire
- Company has raised $16 million in capital and
recently secured a $14 million credit facility
Cannabis-Rx (OTCQB:CANA), a company focused on funding the
growth of the cannabis industry in states where it is licensed or
permitted for medicinal and/or recreational purposes, today
announced it will provide financing, commercial real estate
solutions and consulting services to state licensed
cannabis-related businesses. The company is not engaged in the
growing, harvesting, cultivation, possession, or distribution of
cannabis.
Cannabis-Rx, which has raised $30 million in capital, plans to
invest in light industrial and commercial properties suited for the
needs of dispensaries, medical clinics, growers, and those who may
supply products and services to the cannabis industry. It will also
consider additional investment opportunities in the licensed
cannabis industry, ranging from retail and construction to nutrient
lines and logistics, as well as providing start-up or operating
capital to businesses that meet specific criteria in states where
such activity is licensed and/or permissible.
“A number of factors have led to the rapid growth of the
licensed cannabis industry, creating a significant need for new
capital, infrastructure and resources to help it thrive,” said
Llorn Kylo, chief executive officer of Cannabis-Rx. “We are
uniquely positioned to capitalize on this opportunity by serving as
a one-stop shop for licensed cannabis-related businesses seeking
funding, real estate and guidance to help enhance operations and
grow their enterprise.”
Cannabis-Rx is currently evaluating and/or pursing investment
opportunities in Colorado, Washington and in states that permit the
use and/or cultivation of medicinal marijuana. To complement its
real estate and financing solutions, Cannabis-Rx plans to offer
consulting services to licensed growers and operators.
Mr. Kylo is an experienced real estate executive, investor and
developer. From 2002 to 2009 he owned and served as the Chief
Executive Officer of Form 1 Land, Inc., a real estate development
company. Shortly after, he formed Kylo Homes, a developer and
manager of residential properties.
Businesses and entrepreneurs interested in Cannabis-Rx’s
commercial real estate leasing opportunities and development
support, consulting services and flexible financing solutions,
which include sale-and-leaseback arrangements, are encouraged to
call (480) 902-3399 or email info@cannabis-rx.co.
About Cannabis-Rx, Inc.
Cannabis-Rx (OTCQB: CANA) is focused on funding the licensed
cannabis industry by providing cannabis-based businesses with
capital and real estate opportunities to enhance operations and
facilitate growth. The Company also plans to offer consulting
services to licensed cannabis growers and operators. Cannabis-Rx
does not, nor does it intend to, grow, distribute or sell cannabis.
For additional information, please visit www.cannabis-rx.co
Media:Phil Denning and Jason Chudoba,
203-682-8200cannabisrx@icrinc.comcannabis-rx.co
Praetorian Property (CE) (USOTC:PRRE)
Historical Stock Chart
From Jul 2024 to Aug 2024
Praetorian Property (CE) (USOTC:PRRE)
Historical Stock Chart
From Aug 2023 to Aug 2024