Pennsylvania medical cannabis operator raises $22M for expansion
Pennsylvania-based Organic Remedies plans to build out a 240,000-square-foot cultivation and processing facility in the state and three additional medical marijuana dispensaries thanks to a $22 million raise.
The financing reflects how capital continues to become more plentiful in the marijuana industry after some tight times.
Florida-based Advanced Flower Capital, also known as AFC Gamma, is providing the credit facility, which can be drawn over the course of one year, according to a news release.