Marijuana operator Harvest Care Medical closed on a $4 million refinancing deal geared towards supporting its development in West Virginia.
The transfer is meant “to bolster the corporate’s operational growth and streamline its monetary obligations by decreasing month-to-month debt service bills,” based on a Thursday information launch.
Harvest Care co-founder and board member William Freas stated the financing is a big milestone that may permit the Bridgeport-based firm to broaden its medical hashish cultivation operations and dispensaries throughout the state.
“Harvest Care is steadfast in its mission to guide the West Virginia hashish market,” Freas stated in a press release.
Harvest Care co-founder and board member Kevin Gibbs stated securing financing at lower than 10% permits the corporate to scale its operations responsibly.
“This refinancing displays our continued dedication to driving development whereas sustaining monetary self-discipline,” Gibbs stated in a press release.
Harvest Care Medical operates seven dispensaries throughout West Virginia below the Nation Grown model.
It’s growing two extra dispensaries which might be anticipated to open within the first and second quarters, the discharge famous.
West Virginia launched medical marijuana gross sales in 2021 after an MMJ invoice was signed into legislation in 2017.
